Sweden's Coor Service Management Q2 operating profit rises
Sweden's Coor Service Management Q2 operating profit rises
Overview
Sweden facility management firm's Q2 net sales declined 3% yr/yr on negative organic growth
EBIT and Adjusted EBITA for Q2 rose yr/yr and operating margin increased to 5.5%
Company cites negative organic growth for sales decline
Outlook
Company did not provide specific guidance or forecasts for the current or future periods in the press release
Result Drivers
NEGATIVE ORGANIC GROWTH - Co said net sales decline in Q2 was due to negative organic growth
Company press release: ID:nWkr2z3N1z
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | SEK 3.12 bln | SEK 3.17 bln (2 Analysts) |
Q2 EPS |
| SEK 0.90 |
|
Q2 Net Income |
| SEK 87 mln |
|
Q2 Adjusted EBITA | Beat | SEK 170 mln | SEK 166.50 mln (2 Analysts) |
Q2 EBIT |
| SEK 149 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Coor Service Management Holding AB is SEK68.00, about 32.3% above its July 14 closing price of SEK51.40
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)