Interim Report, January -
Second quarter of 2024
- Net sales in the second quarter amounted to
SEK 3,180 (3,162) million. Organic growth was -1 per cent and growth from acquisitions 1 per cent, while exchange rate effects accounted for 0 per cent. -
Adjusted EBITA amounted to
SEK 161 (161) million and the operating margin was 5.1 (5.1) per cent. -
EBIT was
SEK 131 (94) million. Profit after tax wasSEK 60 (42) million. -
Earnings per share were
SEK 0.6 (0.4). - Cash conversion for the most recent 12-month period amounted to 92 (90) per cent.
- Leverage in relation to adjusted EBITDA was 2.7 (2.6).
First half of 2024
- Net sales in the first half of the year amounted to
SEK 6,304 (6,140) million. Organic growth was 1 per cent and growth from acquisitions 2 per cent, while exchange rate effects accounted for 0 per cent. -
Adjusted EBITA amounted to
SEK 321 (313) million and the operating margin was 5.1 (5.1) per cent. -
EBIT was
SEK 256 (200) million. Profit after tax wasSEK 122 (97) million. -
Earnings per share were
SEK 1.3 (1.0).
"A half-year with successful contract extensions"
AnnaCarin Grandin, President and CEO, Coor
Group Earnings Summary
| Apr - Jun |
| Jan - Jun |
| Rolling | Jan-Dec | ||
| 2024 | 2023 |
| 2024 | 2023 |
| 12 mth. | 2023 |
Net sales, SEK m | 3,180 | 3,162 |
| 6,304 | 6,140 |
| 12,607 | 12,443 |
Organic growth, % | -1 | 2 |
| 1 | 1 |
| 2 | 2 |
Acquired growth, % | 1 | 2 |
| 2 | 1 |
| 3 | 2 |
FX-effects, % | 0 | 2 |
| -0 | 2 |
| 1 | 1 |
Adjusted EBITA, SEK m | 161 | 161 |
| 321 | 313 |
| 613 | 606 |
Adjusted EBITA-margin, % | 5.1 | 5.1 |
| 5.1 | 5.1 |
| 4.9 | 4.9 |
EBIT, SEK m | 131 | 94 |
| 256 | 200 |
| 420 | 364 |
Income for the period, SEK m | 60 | 42 |
| 122 | 97 |
| 181 | 155 |
Cash conversion LTM, % | - | - |
| - | - |
| 92 | 86 |
Earnings per share, SEK | 0.6 | 0.4 |
| 1.3 | 1.0 |
| 1.9 | 1.6 |
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Financial calendar
For further information
For questions concerning the financial report, please contact our CFO and Director of Investor Relations
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
About Coor:
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,
Coor was founded in 1998 and has been 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
https://news.cision.com/coor/r/interim-report--january---june-2024--coor-service-management-holding-ab,c4014301
https://mb.cision.com/Main/8962/4014301/2913542.pdf
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