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Coor Service Management (COOR) investor relations material
Coor Service Management Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
High market activity in Q3 2025 with mixed results across regions; customer satisfaction index at 72, up from 70 last year and above target.
Executive management team expanded to improve operational focus and efficiency in Sweden.
Interim CFO Daniel Wanholt/Warnholtz appointed as search for permanent CFO continues.
Important contract extensions in Sweden and new contracts in Norway; Danish operations continue to face challenges.
Profit after tax for Q3 was SEK 43 million; earnings per share SEK 0.5.
Financial highlights
Organic growth in Q3 2025 was 4%, mainly from high variable volumes in Norway.
Net sales for Q3 2025 reached SEK 3,005 million, up 2% year-over-year; negative FX impact of -2%.
Adjusted EBITA/EBITDA for Q3 was SEK 134 million, margin 4.5% (up from 4.1% last year).
Net income SEK 43 million; adjusted net income SEK 57 million, up 81% year-over-year.
Cash conversion (LTM) at 96%, up from 57% for full year 2024 and above 90% target.
Outlook and guidance
No change to the 5.5% margin ambition for 2026; further details to be provided at Capital Markets Day in Q1.
Organic growth in Norway expected to normalize in Q4 as maintenance period ends.
Mid- to long-term targets: organic net sales growth of 4-5%, adjusted EBITA margin ~5.5%, cash conversion >90%, leverage <3.0x, customer satisfaction index ≥70.
Restructuring costs expected to decrease going forward.
Continued focus on operational efficiency, profitability, and long-term improvements.
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