Coor Service Management Holding AB (COOR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Coors Q2 presentation for 2026. During the questions and answer 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 Patrik Scholland. Please go ahead. Hello everyone. Good morning. Welcome to our Q2 report. The agenda for the day is first I'll make a short update of the current trading and account business. Then we'll go through the financial numbers with Patrik and then we'll summarize with some key takeaways. And then we will open up for questions. We'll skip right into the CEO update here. We see a continued market activities with a lot of things going on throughout our markets and we have made some good extensions. We have a good retention work in our Swedish, but also in our other markets. Particularly in our cleaning segment, we've signed a lot of medium and small-sized contracts in the Swedish market. In Norway, we've had quite a bit of success in the public space. And in Denmark, we prolonged our important and large IFM contract with DSB. and there is a lot of tenders where we are present and where we are working with some really large tenders. The growth in Sweden and Finland continues to be strong, and we work at 3-4% growth there. While in Norway, we have a negative growth in the quarter, which we communicated earlier is due to fluctuations in the oil and gas business, where we had a really, really strong quarter last year. Denmark continues to be a challenge, and we are decreasing versus last year. Our EBITDA margins continues to develop towards our financial targets and we hit 5.5% in Q2 and our cash conversion remains in line with our financial targets. The leverage is at 2.5, which is stable, which...