Full Year Report January-
Fourth quarter of 2023
Net sales in the fourth quarter amounted to
Adjusted EBITA amounted to
EBIT was
Earnings per share were
The Board of Directors proposes a dividend for 2023 of
Full-year 2023
Net sales for full-year 2023 amounted to
Adjusted EBITA amounted to
EBIT was
Earnings per share were
Cash conversion for the full year was 86 (94) per cent.
Leverage in relation to adjusted EBITDA was 2.5 (1.9).
"Improved earnings and continued growth in the quarter"
AnnaCarin Grandin, President and CEO, Coor
Group Earnings Summary
| Oct-Dec |
| Jan-Dec | ||
| 2023 | 2022 |
| 2023 | 2022 |
Net sales, SEK m | 3,287 | 3,088 |
| 12,443 | 11,789 |
Organic growth, % | 3 | -1 |
| 2 | 5 |
Acquired growth, % | 3 | 4 |
| 2 | 9 |
FX-effects, % | 0 | 3 |
| 1 | 3 |
Adjusted EBITA, SEK m | 166 | 153 |
| 606 | 634 |
Adjusted EBITA-margin, % | 5.1 | 5.0 |
| 4.9 | 5.4 |
EBIT, SEK m | 86 | 97 |
| 364 | 408 |
Income for the period, SEK m | 30 | 54 |
| 155 | 257 |
Cash conversion, % | 119 | 149 |
| 86 | 94 |
Earnings per share, SEK | 0.3 | 0.6 |
| 1.6 | 2.7 |
Invitation to a press and analyst presentation
On
Audio Conference Call Access (to register to listen to the presentation and to ask questions):
https://emportal.ink/46UV0CK
Webcast Audience URL (to register for the web presentation without asking questions):
https://onlinexperiences.com/Launch/QReg/ShowUUID=EEFD95A5-9A42-4913-B172-C5B191C9436B
The power point presented as well as a recording of the webcast will be published on the Company's website www.coor.com under the Investors/Reports and presentations-tab.
Financial calendar
For further information
For questions concerning the financial report, please contact our CFO and Director of Investor Relations
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
About Coor:
As the leading provider of facility management services, Coor aims to create the happiest, healthiest, and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing, and streamlining our customers' service activities. This enables our customers to do what they do best.
Coor's customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, Aibel,
Coor was founded in 1998 and has been 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
https://news.cision.com/coor/r/full-year-report-january-december-2023-coor-service-management-holding-ab,c3924675
https://mb.cision.com/Main/8962/3924675/2590500.pdf
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