Interim Report, January – March 2018 Coor Service Management Holding AB
First quarter 2018
- Net sales increased by 15 per cent in the first quarter, to SEK 2,127 (1,857) million. Organic growth was 10 per cent, growth from acquisitions 4 per cent and foreign exchange effects 1 per cent.
- Adjusted EBITA was SEK 115 (123) million and the operating margin 5.4 (6.6) per cent.
- EBIT was SEK 57 (77) million and the profit after tax SEK 17 (55) million.
- Earnings per share were SEK 0.2 (0.6).
- Operating cash flow was SEK -61 (65) million. The change was due to the fact that the quarterly period ended with several public holidays over Easter.
- Acquisitions of Elite Miljø in Denmark and OBOS Eiendomsdrift in Norway were concluded in the quarter.
| GROUP EARNINGS SUMMARY | Jan - Mar | Rolling | Full year | |
| (SEK m) | 2018 | 2017 | 12 mth. | 2017 |
| Net sales | 2,127 | 1,857 | 7,993 | 7,722 |
| Organic growth, % | 10 | 3 | 7 | 6 |
| Acquired growth, % | 4 | 0 | 1 | 0 |
| Adjusted EBITA | 115 | 123 | 460 | 468 |
| Adjusted EBITA-margin, % | 5.4 | 6.6 | 5.8 | 6.1 |
| EBIT | 57 | 77 | 249 | 268 |
| Income for the period | 17 | 55 | 150 | 188 |
| Operating cash flow | -61 | 65 | 366 | 492 |
| Earnings per share, SEK | 0.2 | 0.6 | 1.6 | 2.0 |
Invitation to a press and analyst presentation
On 26 April, at 14:00 CET, the company’s President and CFO will give a briefing on developments in the first quarter in a webcast. To participate in the webcast, please register in advance using the following link: http://event.on24.com//wcc/r/1646619-1/9F99462C1D4FE2A6EC6079ECDBE6924D. To listen by telephone, dial +46856642697 (Sweden), +4723500254 (Norway), +4535445576 (Denmark), +358981710493 (Finland) or +44 2030089810 (UK).
The briefing material and a recording of the webcast will be published on the company’s website, www.coor.com, under Investors/Reports and presentations, after the briefing.
Financial calendar
| Interim Report January – June 2018 | 18 July 2018 |
| Interim Report January – September 2018 |
24 October 2018 |
| Interim Report January – December 2018 | 21 February 2019 |
| Interim Report January – March 2019 | May 2019 |
For more information
For questions concerning the financial report, please contact CFO and Director of Investor Relations Olof Stålnacke (+46 10 559 59 20).
For questions concerning the operations or the company, please contact Mikael Stöhr, President and CEO, (+46 10 559 59 35) or Magdalena Öhrn, Director of Communications (+46 10 559 55 19).
IR Coordinator: Sara Marin (+46 10 559 59 51).
More information is also available on our website: www.coor.com
This constitutes information which Coor Service Management Holding AB is required to publish under the EU’s Market Abuse Regulation. The information was submitted for publication through the above contact person on 26 April 2018, at 1:00 p.m. CET.
Coor is a leading provider of facility management services in the Nordics, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services (soft FM), property services (hard FM) and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, EY, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Statoil, Telia Company, Swedish Transport Administration, Vasakronan and Volvo Cars.
Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com
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