Coor Service Management Holding AB (COOR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Coors Q1 presentation for 2026. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to President and CEO Ola Klingenborg and CFO and IR Director Daniel Warnholz. Please go ahead. Good morning everyone and welcome to course Q1 report. The agenda for today is first I will go through a short CEO update and summary of the Q1 quarter and then hand over to Daniel to go through some of the financials. Then we'll summarize with key takeaways and end up with a Q&A session. You see some of the key numbers here on the right of this slide, where we have an organic growth in the quarter of 0.4%. We're happy to see an EBITDA margin of 5.5% up from previous quarters and a continued solid cash conversion. So a short summary of the quarter. It remains a high activity in the market in all of our different geographic regions. We won a new contract with Helsingborg. We made an expansion of our contract with Saab and extended our contract with Alema. All of these in Sweden. In Norway, we signed a new contract with Jutun and extended our large contract with Ekinoplant. There's a lot of activity in the Norwegian market. And then in Denmark, we see the effects from the earlier communicated contract losses where it affects the top line primarily. Other than that, we have an organic growth in Sweden of 4% to 5%, the same in Norway and in Finland. So really strong growth numbers there from those markets, but burdened a bit by a negative development in Denmark as previously communicated. We see continued improvement in the EBITDA margins, as I said, up to 5.5%. Strong cash conversion also this quarter above our target of 90. And we see a reduced leverage down to 2.3 t...