Coor Service Management Reports Strong Second Quarter Performance in 2025

Coor Service Management's Interim Report: Q2 2025 Highlights

Coor Service Management Holding AB has released its interim report for the second quarter of 2025, showcasing significant financial numbers amidst a challenging economic climate. The company's net sales stood at SEK 3,199 million, a slight increase from the previous year. This reflects a 3% organic growth rate, highlighting Coor's ability to maintain stability in a competitive market.

Despite some adverse foreign exchange effects contributing to a -2% impact, the company demonstrated resilience. The adjusted EBITA for the quarter reached SEK 165 million, yielding an operating margin of 5.2%. Compared to the same quarter last year, this marks a slight improvement, reinforcing the efficiency of Coor’s operations.

Coor’s President and CEO, Ola Klingenborg, emphasized his direct engagement with customers and operational teams as he initiated his leadership. Klingenborg expressed optimism for the future, noting the high activity within their market sector. This insight reflects Coor's commitment to investigating both opportunities and challenges ahead.

Operationally, Coor has been particularly focused on extending significant contracts and capturing new customers. During the quarter, they continued to improve their tools and support systems, ensuring that employees can adapt effectively to ongoing changes in a complex environment. This strategic approach aims to enhance the customer experience while driving profitability.

Furthermore, Coor’s first-half net sales stood at SEK 6,251 million, with a modest organic growth of 1%. The company’s profit after tax for the first half reached SEK 115 million. Earnings per share (EPS) decreased slightly to SEK 1.2 from last year’s SEK 1.3, showcasing minimal fluctuation in earnings despite the economic pressures identified.

Notably, Coor successfully curtailed working capital by SEK 113 million in the first half relative to the previous year, leading to a marked increase in cash conversion rates, which currently stands at 88%. This is a significant improvement compared to last year, demonstrating effective financial management.

Coor is committed to maintaining its strategic direction, evidenced by the restructuring of its central staff organization, forecasted to save SEK 120 million annually. This restructuring aims to optimize operational efficiency and has been met with positive feedback as it remains on track with its timeline.

The upcoming financial presentation on July 14 will detail these developments further and is expected to provide insights into the company's growth strategies moving forward. Both Klingenborg and the CFO will discuss the impacts of recent changes and offer forecasts for the upcoming quarters.

As an established provider of facility management services in the Nordic region, Coor's core mission revolves around enhancing workplace environments for its clients, including large enterprises like IKEA and Volvo Cars. Their focus on sustainability and corporate responsibility underpins their growth strategy.

In conclusion, the results from Q2 2025 underline Coor's capability to navigate through challenges with a clear vision for expansion, operational prowess, and commitment to customer satisfaction. The necessity to continuously innovate and adapt will likely remain central to their ongoing success in the market.