Coor Service Management's Financial Update for 2025 First Half
Financial Report Overview for Coor Service Management
Coor Service Management Holding AB has released its financial update for the first half of 2025, showcasing the company’s performance and strategic direction amidst evolving market conditions.
Second Quarter Performance Insights
In the second quarter, the company reported net sales totaling SEK 3,199 million, a slight increase from SEK 3,180 million in the previous year. The organic growth for this period reached 3%, demonstrating resilience despite a -2% impact from foreign exchange effects.
Adjusted EBITA for the quarter demonstrated a robust performance at SEK 165 million, exceeding expectations relative to the prior year's SEK 161 million, thus enhancing the operating margin to 5.2% from 5.1%.
Despite fluctuations, the company reported an EBIT of SEK 128 million, reflecting a slight decrease from SEK 131 million year-over-year. Profit after tax reached SEK 65 million, showing a positive trend compared to the previous year’s 60 million.
First Half Financial Highlights
Examining the first half of 2025, Coor recorded net sales of SEK 6,251 million, slightly down from SEK 6,304 million in the same period last year. The overall organic growth remained positive at 1% with no growth attributed to acquisitions.
Adjusted EBITA for the first half amounted to SEK 309 million, noticeable from SEK 321 million previously, yielding an operating margin of 4.9%. The EBIT for this timeframe stood at SEK 239 million, a decrease from 256 million last year, while profit after tax accounted for 115 million, down from 122 million previously.
Leadership Perspective
Ola Klingenborg, the President and CEO of Coor, emphasized his initial focus on understanding the business capabilities and potential growth opportunities during his tenure at the company. He expressed optimism regarding the stable market environment, which offers various avenues for enhancing service efficiency and profitability.
Strategic Insights
During the second quarter, Coor successfully extended critical contracts while also onboarding new clients in a market characterized by high activity. The company has also maintained a focus on improving tools and support for personnel, ensuring agility in adapting to dynamic conditions.
Further, Coor completed significant restructuring of its central staff organization, projected to yield annual cost savings of SEK 120 million. This transformation was executed efficiently, with no significant risks recorded, showcasing the company’s commitment to structured operational management.
Being proactive in managing its working capital, Coor achieved a reduction of SEK 113 million in the first half of 2025, compared to a build-up of necessity seen a year earlier. Cash conversion for the last twelve months improved to 88%, aligning closely with the target of over 90%.
Invitation to Engage
Coor invites financial analysts and interested parties to a presentation on performance developments via a webcast scheduled for mid-year. It encourages those wishing to engage in a more interactive session to utilize the teleconference platform provided by Coor.
Get in Touch
For inquiries relating to this financial report, please reach out to Andreas Engdahl, CFO, at (+46 10 559 54 63). Operational and general company questions can be directed to Ola Klingenborg at (+46 702 686 430) or Magdalena Öhrn at (+46 10 559 55 19).
About Coor Service Management
Coor is a frontrunner in facility management, striving to cultivate the happiest and healthiest workplace environments across the Nordic countries. By offering specialized service solutions, Coor aids organizations in optimizing their operations, allowing clients to focus on their core competencies.
With a client roster that includes both large corporations and public sector entities, Coor holds a significant position within the region, being accountable to its stakeholders while addressing environmental sustainability. Founded in 1998 and publicly traded on Nasdaq Stockholm since 2015, Coor continues to prioritize its rapport with customers, employees, and shareholders.
Frequently Asked Questions
What were Coor's net sales in the second quarter of 2025?
Coor reported net sales of SEK 3,199 million in the second quarter of 2025.
How much did Coor's EBIT change in the second quarter?
The EBIT for the second quarter was SEK 128 million, down from SEK 131 million in the previous year.
What is the adjusted EBITA margin for Coor in the first half of 2025?
The adjusted EBITA margin for the first half of 2025 is 4.9%.
What strategic initiatives did Coor implement recently?
Coor focused on contract extensions, new customer acquisitions, and restructuring its central staff organization for cost savings.
What is Coor's target for cash conversion?
Coor aims for a cash conversion rate exceeding 90%; currently, it has reached 88%.
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