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Interim Report January - September 2020 Coor Service Management Holding AB

Mann mit Wirtschaftszeitung (Symbolbild). pixabay.com

PR Newswire

STOCKHOLM, Nov. 4, 2020 /PRNewswire/ --

Third quarter of 2020                                                                                                     

  • Net sales in the third quarter amounted to SEK 2,297 (2,490) million. Organic growth was -7 per cent and growth from acquisitions 2 per cent, while exchange rate effects accounted for -3 per cent.
  • Adjusted EBITA amounted to SEK 140 (127) million and the operating margin was 6.1 (5.1) per cent.
  • EBIT was SEK 89 (70) million. Profit after tax was SEK 58 (40) million.
  • Earnings per share were SEK 0.6 (0.4).
  • Operating cash flow was SEK 269 (118) million. Cash conversion for the most recent 12-month period amounted to 123 (105) per cent.
  • Leverage in relation to adjusted EBITDA was 1.8 (2.6).

The period January-September 2020

  • Net sales for the full period amounted to SEK 7,102 (7,581) million. Organic growth was -7 per cent and growth from acquisitions 2 per cent, while exchange rate effects accounted for -2 per cent.
  • Adjusted EBITA amounted to SEK 403 (398) million and the operating margin was 5.7 (5.2) per cent.
  • EBIT was SEK 236 (224) million. Profit after tax was SEK 141 (127) million.
  • Earnings per share were SEK 1.5 (1.3).
  • Operating cash flow was SEK 442 (280) million.
  • Large parts of the year were marked by the spread of COVID-19 in the Nordic region, which had a negative impact on the company. For a summary of the impact of and on Coor's actions linked to COVID-19, refer to page 3 in the report.

GROUP EARNINGS SUMMARY

Jul - Sep


Jan - Sep


Rolling


ARIVA.DE Börsen-Geflüster

Kurse

4,118
-3,15%
COOR SVC MGMT HLDG Realtime-Chart

Full year

 (SEK m)

2020

2019


2020

2019


12 mth.

2019

Net sales

2,297

2,490


7,102

7,581


9,835

10,313

 Organic growth, %

-7

5


-7

6


-4

5

 Acquired growth, %

2

0


2

3


2

2

 FX-effects, %

-3

1


-2

1


-1

1

Adjusted EBITA

140

127


403

398


555

549

Adjusted EBITA-margin, %

6.1

5.1


5.7

5.2


5.6

5.3

EBIT

89

70


236

224


310

299

Income for the period

58

40


141

127


183

169

Operating cash flow

269

118


442

280


752

591

Earnings per share, SEK

0.6

0.4


1.5

1.3


1.9

1.8

 

See page 24 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 4 November, at 9:00 a.m. CET, the company's President and CFO will give a presentation on developments in the third quarter in a webcast. To participate in the webcast, please register in advance using the following link:

https://onlinexperiences.com/Launch/QReg/ShowUUID=BC5C0FEC-E58F-4B75-8ECB-ECEF92B119C2

To listen to the presentation by telephone, dial +46850558358 (Sweden), +4723963688 (Norway), +4578723250 (Denmark), +358981710520 (Finland) or +443333009271 (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.

Financial calendar

Interim Report January-December 2020                                       11 February 2021

Interim Report January-March 2021                                             26 April 2021

Interim Report January-June 2021                                                15 July 2021

Interim Report January-September 2021                                       9 November 2021

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