Q2 2026 Coor Service Management Holding AB Earnings Call Transcript
Key Points
- Coor Service Management Holding AB (LTS:0R8Q) reported a stable EBITDA margin of 5.5% in Q2, an improvement from 5.2% last year.
- The company achieved strong organic growth in Sweden and Finland, with growth rates of 3% to 4%.
- Cash conversion remains solid at 90%, aligning with financial targets.
- The company successfully extended significant contracts in Denmark, including a large IFM contract with DSB.
- Coor Service Management Holding AB (LTS:0R8Q) is actively participating in numerous tenders, indicating strong market activity and potential future growth.
- Denmark experienced a significant decline in sales, with a 15% decrease due to previously communicated contract losses.
- Norway reported a negative growth of 10% due to fluctuations in the oil and gas sector, impacting overall performance.
- Organic growth was negative at 3.3% for the quarter, indicating challenges in maintaining growth momentum.
- The company faced restructuring costs in Denmark, impacting financial performance with SEK30 million in items affecting comparability.
- The arbitration proceedings in Denmark resulted in a financial impact of SEK20 million to SEK25 million, which will be recognized in Q3.
Welcome to Coor's Q2 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 Patrick Scholand. 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 current business. Then we'll go through the financial numbers with Patrick, 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 continued good 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 size contracts in the Swedish
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