Interim Report January - June 2021 Coor Service Management Holding AB

STOCKHOLM, July 15, 2021

• Net sales in the second quarter amounted to SEK 2,445 (2,265) million. Organic growth was 8 per cent and growth from acquisitions 1 per cent, while exchange rate effects accounted for -1 per cent.
• Adjusted EBITA increased by 19 per cent to SEK 167 (141) million and the operating margin was 6.8 (6.2) per cent.
• EBIT was SEK 119 (86) million. Profit after tax was SEK 81 (52) million.
• Earnings per share were SEK 0.8 (0.5).
• Cash conversion for the most recent 12-month period amounted to 94 (107) per cent.
• Leverage in relation to adjusted EBITDA was 1.7 (2.2).

First half of the year (January–June 2021)

• Net sales in the first half of the year amounted to SEK 4,775 (4,806) million. Organic growth was 0 per cent and growth from acquisitions 1 per cent, while exchange rate effects accounted for -1 per cent.
• Adjusted EBITA increased by 16 per cent to SEK 306 (263) million and the operating margin was 6.4 (5.5) per cent.
• EBIT was SEK 203 (147) million. Profit after tax was SEK 134 (83) million.
• Earnings per share were SEK 1.4 (0.9).

Group earnings summary