Page 1

COOR Q1 INTERIM REPORT , JANUARY - MARCH 2021 Improved earnings and increased focus on sustainability and innovation First quarter of 2021 Net sales in the first quarter amounted to SEK 2,330 ( 2,541 ) million . Organic growth was -7 per cent and growth from acquisitions o per cent , while exchange rate effects accounted for -2 per cent . Adjusted EBITA increased by 14 per cent to SEK 139 ( 122 ) million and the operating margin was 6.0 ( 4.8 ) per cent . EBIT was SEK 84 ( 61 ) million . Profit after tax was SEK 53 ( 31 ) million . • Earnings per share were SEK 0.6 ( 0.3 ) . Cash conversion for the most recent 12 - month period amounted to 98 ( 114 ) per cent . Leverage in relation to adjusted EBITDA was 1.5 ( 2.1 ) . GROUP EARNINGS SUMMARY Net sales Organic growth , % Acquired growth , % FX - effects , % Adjusted EBITA Adjusted EBITA - margin , % EBIT Income for the period Cash conversion , % Earnings per share , SEK C COOR Jan - Mar Rolling Jan - Dec 2021 2020 12 mth . 2020 2,330 -7 2,541 9,381 9,591 -2 -8 -7 0 2 1 2 -2 -1 -3 -2 139 122 573 556 6.0 4.8 6.1 5.8 84 61 340 318 53 31 213 191 91 134 98 108 0.6 0.3 2.2 2.0 See page 27 for definitions and calculations of key performance indicators . Items affecting comparability are presented in Note 3 COOR SERVICE MANAGEMENT HOLDING AB ; CORP . ID NO . 556742-0806 . Head office : Coor , 164 99 Kista , Knarrarnäsgatan 7 , Kista , Sweden . Tel : +46 10 559 50 00 , info@coor.com , www.coor.com