STOCKHOLM, April 27, 2021 /PRNewswire/ —

First quarter of 2021

Net sales in the first quarter amounted to SEK 2,330 (2,541) million. Organic growth was -7 per cent and growth from acquisitions 0 per cent, while exchange rate effects accounted for -2 per cent. Adjusted EBITA increased by 14 per cent to SEK 139 (122) million and the operating margin was 6.0 (4.8) per cent. EBIT was SEK 84 (61) million. Profit after tax was SEK 53 (31) million. Earnings per share were SEK 0.6 (0.3). Cash conversion for the most recent 12-month period amounted to 98 (114) per cent. Leverage in relation to adjusted EBITDA was 1.5 (2.1).

GROUP EARNINGS SUMMARY

Invitation to a press and analyst presentation

26 April 2021 at 2:00 p.m. CEST, the company’s President and CFO will give a presentation on developments in the first quarter via a webcast. To participate in the webcast, please register in advance using the following link:

https://onlinexperiences.com/Launch/QReg/ShowUUID=0E0C6E74-3AAD-42B1-8EC3-876481D71101

To listen to the presentation by telephone, dial +46850558366 (Sweden), +4723963938 (Norway), +4578150107 (Denmark), +358923195172 (Finland) or +443333009268 (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–June 2021                      15 July 2021

Interim Report January–September 2021            9 November 2021

Interim Report January–December 2021            10 February 2022                       

Interim Report January–March 2022                   April 2022

For further information

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

For questions concerning the 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 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 persons on 26 April 2021, at 13:00 a.m. CEST.

As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous

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