Interim Report, January - March 2019 Coor Service Management Holding AB

STOCKHOLM, May 2, 2019 /PRNewswire/ --

First quarter of 2019                                                                                 

• Net sales increased by 19 per cent in the first quarter, to SEK 2,535 (2,127) million. Organic growth was 10 per cent and growth from acquisitions 7 per cent, while foreign exchange effects accounted for 2 per cent of the increase
• Adjusted EBITA increased by 14 per cent to SEK 131 (115) million and the operating margin was 5.2 (5.4) per cent
• EBIT was SEK 77 (57) million. Profit after tax was SEK 43 (17) million
  Earnings per share were SEK 0.4 (0.2)
• Operating cash flow was SEK 124 (-61) million

See page 24 for definitions and calculations of key performance indicators. Non-recurring items are presented in Note 3.
 

Invitation to a press and analyst presentation  

On 2 May, at 2:00 p.m. CET, the company's President and CFO will give a presentation on developments in the first quarter in a webcast. To participate in the webcast, please register in advance using the following link:

http://event.on24.com/wcc/r/1919004-1/71A28E4D8050F7AFD4B4920C0F8CA332?partnerref=rss-events.

To listen to the presentation by telephone, dial +46850558354 (Sweden), +4723500236 (Norway), +4582333194 (Denmark), +358981710520 (Finland) or +443333009031 (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.

Financial calendar 

Interim Report   January – June 2019                                             18 July 2019

Interim Report   January – September 2019                                   7 November 2019

Interim Report   January – December 2019                                    12 February 2020

Interim Report   January – March 2020                                           28 April 2020

For further information 

For questions concerning the financial report, please contact our CFO and Director of Investor Relations Olof Stålnacke (+46-10-559-59-20).

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).

IR Coordinator: Sara Marin (+46-10-559-59-51).

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 2 May 2019, at 1:00 p.m. CET. 

Coor is a leading provider of facility management services in the Nordic countries, 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. Coor's customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, Equinor, EY, NCC, Politiet (Danish police), Saab, Sandvik, SAS, Telia Company, the Swedish Transport Administration, Vasakronan and Volvo Cars.

Established in 1998, Coor has been listed on the Nasdaq Stockholm exchange since June 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/interim-report--january---march-2019-coor-service-management-holding-ab,c2801792

The following files are available for download:

View original content:http://www.prnewswire.com/news-releases/interim-report-january--march-2019-coor-service-management-holding-ab-300842671.html

SOURCE Coor