Coor Service Management : Interim Report, January – September 2019, Coor Service Management Holding AB
11/07/2019 | 01:40am EST
Third quarter of 2019
Net sales increased by 5 per cent in the third quarter to SEK2,490(2,369) million. Organic growth was 5 per cent and growth from acquisitions 0 per cent, while foreign exchange effects accounted for 1 per cent of the increase.
Adjusted EBITA increased by 25 per cent to SEK127(102) million and the operating margin was5.1(4.3) per cent.
EBIT was SEK70(37) million. Profit after tax was SEK40(22) million.
Earnings per share were SEK0.4(0.2).
Operating cash flow was SEK 118 (54) million.
The period January - September 2019
Net sales for the full period increased by10 per cent and amounted to SEK7,581(6,876) million. Organic growth was 6 per cent and growth from acquisitions 3 per cent, while foreign exchange effects accounted for 1 per cent of the increase.
Adjusted EBITA increased by 12 percent to SEK398(355) million. The operating margin was5.2(5.2) per cent.
EBIT was SEK224(164) million. Profit after tax was SEK127(62) million.
Earnings per share were SEK1.3(0.6).
Operating cash flow was SEK 280 (71) million.
'Substantial increase in operating profit, strong cash flow and acquisition of Norrlands Miljövård' Mikael Stöhr, President and CEO, Coor
To listen to the presentation by telephone, dial+46850558355(Sweden),+4723500236(Norway),+4578150109(Denmark),+358981710521(Finland) or+443333009032(UK).
The briefing material and a recording of the webcast will be published on the company's website www.coor.se, under Investors/Reports and presentations, after the briefing.
Interim Report January-December 2019 12 February 2020
Interim Report January-March 2020 28 April 2020
Interim Report January-June 2020 17 July 2020
Interim Report January-September 2020 4 November 2020
For further information
For questions concerning the financial report, please contact our CFO and Director of Investor Relations Klas Elmberg (+46 10 559 65 80).
For questions concerning the operations or the company in general, please contact Mikael Stöhr, President and CEO (+46 10 559 59 35) or Magdalena Öhrn, Director of Communications(+46 10 559 55 19).
More information is also available on our website: www.coor.se
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 7 November 2019, at 7:30 a.m. CET.
Cooris 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, property services 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.This includes property, cleaning, restaurants, security, and mail and reception services.Coor's customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, Aibel, Det Norske Veritas, E.ON, Ericsson, Equinor, ICA, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Telia Company, Swedish Transport Administration, Vasakronan, Volvo Cars and Volvo Group.
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
Coor Service Management Holding AB published this content on 07 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2019 06:39:05 UTC