2021 Year-End Report, January-December, Coor Service Management Holding AB


STOCKHOLM, February 10, 2022 /PRNewswire/ —

Fourth quarter 2021

  • Fourth quarter net sales were SEK2,901 (2,489) million. Organic growth was 8% and growth from acquisitions 8%, while currency effects were 1%.

  • Adjusted EBITA increased by 13% to reach SEK174 (153) million and the operating margin was 6.0 (6.2) percent.

  • EBIT was SEK 95 (82) million. Profit after tax was SEK 62 (49) million.

  • Earnings per share were SEK 0.6 (0.5).

  • The Board of Directors proposes a dividend for 2021 of SEK4.80 (4.40) per share, including a regular dividend of SEK2.40 (2.00) and an exceptional dividend of SEK2.40 (2.40) to be divided into two installments of SEK2.40 and SEK2.40 per share, respectively.

Full year 2021

  • The turnover for the full year 2021 amounts to SEK 10,104 (9,591) million. Organic growth was 3% and growth due to acquisitions 3%, while currency effects were 0%.

  • Adjusted EBITA increased by 13% to reach SEK 631 (556) million and the operating margin was 6.2 (5.8) percent.

  • EBIT was SEK 403 (318) million. Profit after tax was SEK265 (191) million.

  • Earnings per share were SEK2.8 (2.0).

  • The cash conversion for the year 2021 was 98 (108)%.

  • Leverage to Adjusted EBITDA was 2.0 (1.6).

SUMMARY OF GROUP RESULTS

Oct-Dec

Jan-Dec

2021

2020

2021

2020

Net sales, SEK million

2,901

2,489

10 104

9,591

Organic growth, %

8

-seven

3

-seven

Earned growth, %

8

1

3

2

Effects FX, %

1

-3

0

-2

Adjusted EBITA, SEK millions

174

153

631

556

Adjusted EBITA margin, %

6.0

6.2

6.2

5.8

EBIT, SEK million

95

82

403

318

Income for the period, SEK m

62

49

265

191

Cash conversion, %

133

123

98

108

Earnings per share, SEK

0.6

0.5

2.8

2.0

Invitation to a press and analyst presentation

At February 10, 2022at 10:00 a.m. CET, the company’s president and chief financial officer will make a presentation on fourth quarter developments during a webcast. To participate in the webcast, please register in advance using the following link:

https://onlineexperiences.com/Launch/QReg/ShowUUID=8E350BD2-7FCE-4025-A07B-9AA18EE83341

To listen to the presentation by phone, dial +46850558356 (Sweden), +4723963938 (Norway), +4578723251 (Denmark), +358923195172 (Finland) or +443333009269 (UK).

The information material and a recording of the webcast will be posted on the company’s website. www.coor.comInvestors/Reports and presentations section, after the briefing.

2022 Annual General Meeting

The General Assembly will be held on April 29 at 3:00 p.m. Due to the coronavirus, the board of directors has decided that the annual general meeting will be held without the physical presence of shareholders, representatives or third parties and that shareholders should only be able to exercise their voting rights by correspondence before the ‘Assembly. Information on how to register as well as the invitation to the AGM and other information will be available on the company’s website from April 5.

Financial calendar

April 8, 2022 2021 Annual Report

April 29, 2022 Interim report January-March 2022

April 29, 2022 2022 AGM

15 July 2022 Interim report January-June 2022

October 27, 2022 Interim report January-September 2022

February 9, 2022 Interim report January-December 2022

For more information

For any questions regarding the financial report, please contact our Chief Financial Officer and Director of Investor Relations Klas Elmberg (+46 10 559 65 80).

For questions regarding 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 is information that Coor Service Management Holding AB is required to publish under the EU Market Abuse Regulation. The information has been submitted for publication through the above contact persons on February 10, 2022at 7:30 a.m. CET.

As the leading provider of facilities management services, Coor aims to create the happiest, healthiest and most prosperous work environments in the Nordic region. Coor offers specialized expertise in workplace services, real estate services and strategic consulting services. Coor creates value by executing, growing and streamlining our customers’ service activities. This allows our customers to do what they do best.

Coor’s customer base includes many large and small companies and public sector organizations throughout the Nordic region, including ABB, AB Volvo, Aibel, DNV-GL, DSB, Ericsson, Equinor, ICA, Karolinska University Hospital Solna, NCC, the Danish Police, Public Prosecution and Prison and Probation Service, PostNord, Saab, Sandvik, SAS, Telia Company, Swedish Transport Administration, Vasakronan and Volvo Cars.

Coor was founded in 1998 and has been listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, vis-à-vis its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more on www.coor.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/coor/r/year-end-report-2021–january-december-coor-service-management-holding-ab,c3503632

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