Year-End Report 2022, January–December,  Coor Service Management Holding AB

Year-End Report 2022, January–December, Coor Service Management Holding AB

Fourth quarter of 2022  

• Net sales in the fourth quarter amounted to SEK 3,088 (2,901) million. Organic growth was -1 per cent and growth from acquisitions 4 per cent, while exchange rate effects accounted for 3 per cent.
• Adjusted EBITA amounted to SEK 153 (174) million and the operating margin was 5.0 (6.0) per cent. Adjusted EBITA last year included a repayment from sickness insurance AGS of approximately SEK 40 million.
• EBIT was SEK 97 (95) million. Profit after tax was SEK 54 (62) million.
• Earnings per share were SEK 0.6 (0.6).
• Secured sustainability linked refinancing. 
• The Board of Directors proposes a dividend for 2022 of SEK 4.80 (4.80) per share, comprising an ordinary dividend of SEK 2.40 (2.40) and an extraordinary dividend of SEK 2.40 (2.40) to be distributed in two payments of SEK 2.40 and SEK 2.40 per share, respectively.

Full-year 2022

• Net sales for full-year 2022 amounted to SEK 11,789 (10,104) million. Organic growth was 5 per cent and growth from acquisitions 9 per cent, while exchange rate effects accounted for 3 per cent.
• Adjusted EBITA amounted to SEK 634 (631) million and the operating margin was 5.4 (6.2) per cent. Adjusted EBITA last year included a repayment from sickness insurance AGS of approximately SEK 40 million.
• EBIT was SEK 408 (403) million. Profit after tax was SEK 257 (265) million.
• Earnings per share were SEK 2.7 (2.8).
• Cash conversion for full-year 2022 was 94 (98) per cent.
• Leverage in relation to adjusted EBITDA was 1.9 (2.0).

“Growth paves the way for success.”

AnnaCarin Grandin, President and CEO, Coor

  GROUP EARNINGS SUMMARY 

Invitation to a press and analyst presentation

On 9 February 2023, at 10:00 a.m. CET, the company’s President and CFO will give a presentation on developments in the fourth quarter in a webcast. To participate in the webcast, please register in advance using the following links. The audio link is for listening only and when the participant wants to ask a verbal question. If the participants are not going to ask any questions, but want to see the presentation, just click on the link for the webcast.

Webcast Audience URL (to register for the web portion without the possibility to ask questions):

https://onlinexperiences.com/Launch/QReg/ShowUUID=796FAB14-29F5-4551-AAC0-72DE401E45C0

Audio Conference Call Access (to register for the audio and the possibility to ask questions verbally):

https://register.vevent.com/register/BI271aad887e35444d897451d8df95b609

The power point presented as well as a recording of the webcast will be published on the Company's website www.coor.com under the Investors/Reports and presentations-tab.

Annual General meeting 2023

The Annual General Meeting will be held on 27 April, at 13:00 p.m., at the Kista Entré conference centre, Knarrarnäsgatan 7, Kista, Sweden. Information on how to register along with the notice of AGM and other information will be available on the company’s website from 24 March.

Financial calendar

5 April 2023  2022, Annual Report

26 April 2023 Interim Report January–March 2023

27 April 2023  2023, AGM

14 July 2023 Interim Report January–June 2023

25 October 2023 Interim Report January–September 2023

8 February 2024 Interim Report January–December 2023

For further information

For questions concerning the financial report, please contact our CFO and Director of Investor Relations Andreas Engdahl (+46 10 559 54 63)

For questions concerning the operations or the company in general, please contact AnnaCarin Grandin, President and CEO (+46 10 559 57 70) or Magdalena Öhrn, Director of Communications (+46 10 559 55 19).

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 persons on 9 February 2023, at 7:30 a.m. CET.

As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers’ service activities. This enables our customers to do what they do best.

Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, Aibel, the Danish Building and Property Agency, DNV-GL, DSB, Ericsson, Equinor, ICA, Karolinska University Hospital in Solna, PKA - “Danish Police, Public Prosecution Authority and Prison and Probation Service”, PostNord, Saab, Sandvik, SAS, Skanska, Telia Company, 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