Year-End Report 2020 January-December Coor Service Management Holding AB

Year-End Report 2020 January-December Coor Service Management Holding AB

PR Newswire

STOCKHOLM, Feb. 11, 2021

STOCKHOLM, Feb. 11, 2021 /PRNewswire/ --

Fourth quarter of 2020                                          

Full-year 2020                               

  " 2020 - a showcase of strength for Coor's business model and organisation despite the pandemic

AnnaCarin Grandin, Presdident and CEO, Coor

GROUP EARNINGS SUMMARY

 


                                         

 

Oct-Sep                           


                        

Jan-Dec

  (SEK m)

2020

2019


2020

 

2019

Net sales

2,489

2,732


9,591

10,313

Organic growth, %

-7

3


-7

 

5

Acquired growth, %

1

2


2

 

 

2

FX effects, %

-3

0


-2

 

 

1

Adjusted EBITA

153

152


556

 

549

 Adjusted EBITA margin, %

6.2

5.6


5.8

 

5.3

EBIT

82

74


318

 

299

Income for the period

49

42


191

 

169

Operating cash flow

202

311


643

 

591

Earnings per share, SEK

0.5

0.4


2.0

 

1.8

 

See page 23 in the report for definitions and calculations of key performance indicators. Items affecting comparability are presented in Note 3.

Invitation to a press and analyst presentation

On 11 February 2021, 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 link:

https://onlinexperiences.com/Launch/QReg/ShowUUID=6A18AEBC-DF1C-4680-B9E6-121A4946B427

To listen to the presentation by telephone, dial +46856642693 (Sweden), +4723963688 (Norway), +4578723251 (Denmark), +358981710522 (Finland) or +443333009032 (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.

Annual General meeting 2021

The Annual General Meeting will be held on 26 April, at 15:00 p.m. Due to the coronavirus, the board of directors has decided that the annual general meeting should be conducted without the physical presence of shareholders, representatives or third parties and that the shareholders should be able to exercise their voting rights only by post before the meeting. Information on how to register along with the notice of AGM and other information will be available on the company's website from 5 April.

Financial calendar

Annual Report 2020                                                                        Week of 29 March 2021

Interim Report January-March 2021                                              26 April 2021

Annual General Meeting 2021                                                        26 April 2021

Interim Report January-June 2021                                                 15 July 2021

Interim Report January-September 2021                                        9 November 2021

Interim Report January-December 2021                                        10 February 2022

For further information

For questions concerning the financial report, please contact our CFO and IR Director Klas Elmberg (+46 10 559 65 80).

For questions concerning the operations or the company in general, please contact President and CEO AnnaCarin Grandin (+46 10 559 57 70) or Director of Communications Magdalena Öhrn (+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 person on 11 February 2021, at 7:30 a.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, 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

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

https://news.cision.com/coor/r/year-end-report-2020-january-december-coor-service-management-holding-ab,c3284697

The following files are available for download:

https://mb.cision.com/Main/8962/3284697/1371378.pdf

Year-End Report 2020, Coor

 

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