Coor Service Management Holding Ab · OMXSTO:COOR
Coor Service Management Holding Ab — Q3 2024 Earnings Presentation
13 slides from Coor Service Management Holding Ab's earnings presentation, Oct 24, 2024
Slide 1: Interim report Q3 2024
Interim report Q3 2024 Oct 24, 2024 AnnaCarin Grandin, President and CEO Andreas Engdahl, CFO and IR Director
Slide 2: Q3 key highlights summary
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Organic growth Adj EBITA-margin Cash conversion -0% 4.1% 77% (3%) (4.2%) (93%) In the third quarter, Coor successfully continues to both extend important contracts and win new business. Variable volumes r
Slide 3: Key highlights
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Key highlights • Development contract portfolio • Important contract prolongations • New wins in small and medium segment • Declining demand for variable volumes, which leads to adjustments of the cost ba
Slide 4: A seasonally weaker third quarter in line with last year
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet A seasonally weaker third quarter in line with last year Business responsibility Q3 2024 Q3 2023 LTM Mid-long term target Organic growth 0% 3% 1% 4-5% Organic net sales growth over a business cycle Acquir
Slide 5: Positive sustainability trends
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Positive sustainability trends Social and environmental responsibility Q3 2024 Q3 2023 Mid-long term target Engaged and motivated employees1 - 761 ≥70 Employee motivation index (EMI) Safe work environment
Slide 6: Net Sales and Adj. EBITA development
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Net Sales and Adj. EBITA development Q3 LTM Profit & Loss 2024 2023 Chg. 2024 2023 Net sales 2 943 3 016 -72 12 534 12 443 Adj. EBITA 120 126 -7 607 606 Adj. EBITA margin 4,1% 4,2% -0,1% 4,8% 4,9% EBIT 73
Slide 7: Sweden
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Sweden Solid underlying growth, declining demand for variable volume ahead Organic Adj EBITA- Share of growth margin Net Sales 54% 1.2% 8.0% (LY -1%) (LY 7.7%) Q3 2024 • Solid underlying growth from new c
Slide 8: Denmark
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Denmark Lower variable volume, adjustments of the cost base being implemented Organic Adj EBITA- Share of growth margin Net Sales 23% -4.8% 3.5% (LY -0%) (LY 3.8%) Q3 2024 • Negative organic growth from a
Slide 9: Norway
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Norway Margin improvements in a more mature contract portfolio Organic Adj EBITA- Share of growth margin Net Sales 17% 1.4% 3.7% (LY 18%) (LY 3.3%) Q3 2024 • Lower organic growth compared to previous quar
Slide 10: Finland
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Finland Margins in line with last year Organic Adj EBITA- Share of growth margin Net Sales 6% -3.0% 5.9% (LY 4%) (LY 5.8%) Q3 2024 • Negative organic growth explained by a couple of discontinued small los
Slide 11: Cash flow and Balance sheet
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Cash flow and Balance sheet Increase in working capital, full focus in the coming quarter to reduce accrued revenues
Slide 12: Key take aways
Financials Key highlights TBL performance Key take aways P&L Segments Cash flow & Balance sheet Key take aways Organic growth Adj EBITA-margin Cash conversion -0% 4.1% 77% (LY 3%) (LY 4.2%) (93%) • Coor continued to successfully extend important contracts as well as win new ones • Declining demand f
Slide 13: Q&A
Q&A Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region We strive tirelessly to build the teams and full-service solutions that enable our customers to do what they do best
Coor Service Management Holding — Q3 2024 Earnings Presentation on 6ix