Interim report
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Interim Report: January–September 2026
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 2 (33) Group earnings summary Third quarter of 2026 • Net sales in the third quarter amounted to SEK 3,007 (3,005) million. Organic growth was -1.5 per cent and growth from acquisitions 0.0 per cent, while foreign exchange effects accounted for 1.6 per cent. • Adjusted EBITA amounted to SEK 149 (134) million and the operating margin was 5.0 (4.5) per cent. • EBIT was SEK 101 (98) million. Profit after tax was SEK 48 (43) million. • Earnings per share were SEK 0.5 (0.5). • Cash conversion for the most recent 12-month period amounted to 87 (96) per cent. • Leverage in relation to adjusted EBITDA was 2.3 (2.7). Full period January–September 2026 • Net sales for the full period amounted to SEK 9,139 (9,257) million. Organic growth was -1.5 per cent and growth from acquisitions 0.0 per cent, while foreign exchange effects accounted for 0.2 per cent. • Adjusted EBITA amounted to SEK 486 (443) million and the operating margin was 5.3 (4.8) per cent. • EBIT was SEK 385 (337) million. Profit after tax was SEK 204 (158) million. • Earnings per share were SEK 2.2 (1.7). Rolling Jan-Dec 2026 2025 2026 2025 12 mth. 2025 Business responsibility Net sales, SEK m 3,007 3,005 9,139 9,257 12,363 12,480 Net sales, growth, % 0.1 2.1 -1.3 0.1 -0.7 0.3 Organic growth, % -1.5 3.6 -1.5 1.6 -0.3 2.0 Acquired growth, % 0.0 0.0 0.0 0.0 0.0 0.0 FX-effects, % 1.6 -1.5 0.2 -1.5 -0.4 -1.7 Adjusted EBITA, SEK m 149 134 486 443 646 603 Adjusted EBITA-margin, % 5.0 4.5 5.3 4.8 5.2 4.8 Items affecting comparability, SEK m 40 21 77 63 106 92 EBIT, SEK m 101 98 385 337 503 455 Income for the period, SEK m 48 43 204 158 264 218 Adjusted net profit, SEK m 56 57 228 201 301 274 Earnings per share, SEK 0.5 0.5 2.2 1.7 2.8 2.3 Cash conversion, % - - - - 87 99 Leverage, times - - - - 2.3 2.6 Social responsibility Number of employees (FTE) - - - - 10,098 10,212 Gender balance managers, % (Female/Male) - - - - 53/47 52/48 Injury frequency (TRIF) - - - - 6.9 8.3 Environmental responsibility Scope 1 and 2, change % vs base year - - - - -60 -54 Supplier engagement, % - - - - 51 48 See page 32 for definitions and calculations of key performance indicators. See pages 30-31 for reconciliation of alternative performance measures. Items affecting comparability are presented in Note 3. Jul-Sep Jan-Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 3 (33) CEO’s comments The adjusted EBITA margin rose to 5.0 (4.5) per cent in the third quarter. Adjusted EBITA increased by 12 per cent to SEK 149 million. Earnings in Sweden, Norway and Finland improved compared with last year. Cash conversion remained stable and amounted to 87 per cent. Market and customer relationships During the quarter, we conducted this year’s customer survey, which showed that our Customer Satisfaction Index (CSI) has increased to 74, compared with 72 last year. We have thus exceeded our target of a score above 70. With our CSI returning to a record-breaking level and our highest NPS to date, we are both proud and delighted with our results. Our relationships with our customers form the foundation for our success, and this survey has provided us with valuable insight into how our service deliveries are perceived and how we can continue to improve. Market activity remained high during the third quarter, and Coor extended several important customer contracts and participated in several ongoing and upcoming tenders. In Norway, we signed new contracts and extended existing partnerships during the quarter, including our contract with SiO which was extended by two years. We are also continuing our intensive efforts related to the implementation of previously awarded contracts, such as the contract with Drammen Municipality. Our base of fixed subscription revenue in Norway has increased. During the quarter, this offset the high variable volumes from last year. The Danish market continued to be characterised by high levels of activity, with several major tenders under way. The Danish operations also extended their IFM contract with OPP Vejle during the quarter. In Sweden, we signed new cleaning contracts with the City of Västerås and the Stockholm Culture Department. We also extended several other contracts, including our contracts with ABB and ABB Robotics, Locum Syd, Micasa and CGI. During the quarter, we also extended our contract for cleaning services at Karolinska University Hospital in Solna by five years. The contract is a subcontract under our larger framework agreement with Karolinska, which extends until 2040. Karolinska was named the fourth-best hospital in the world this year, and we are very proud of the work our employees do there. Stronger commercial capabilities To further strengthen our commercial capabilities, Stine Solheim – who until now has served as President of Coor Norway – has been appointed as the Group’s Chief Commercial Officer. I am delighted that Stine Solheim has agreed to join us as CCO and confident that Stine will help our business to evolve further thanks to her valuable experience, customer insights and highly regarded leadership. To ensure a smooth transition, Stine will continue as President of the Norwegian operations until a successor is appointed. Strategy execution We are continuing to prioritise initiatives that drive sales, streamline our operations and improve our margins. During the quarter, we enhanced our sales capacity to create a stronger foundation for increased growth. In parallel, we are pursuing several initiatives to further refine our operating model, with a particular focus on efficient resource planning and scheduling in our customer deliveries. We have also maintained our focus on property services, in part by launching Coor Connect in Sweden – a new service for round-the- clock remote monitoring, analysis and management of a property’s technical systems and security. The need for smart and accessible technical management is growing as properties become more complex and digital. Coor Connect was launched in response to this trend, creating new business opportunities and further strengthening the conditions for Coor’s long-term growth in property services. AI in our day-to-day operations Coor is committed to exploring the use of AI agents to support our core processes and drive greater efficiency, quality and scalability in our operations. We can clearly see that using AI agents enables us to reduce administrative work, improve the quality of documentation and make workflows faster and more consistent. This leaves our managers and employees with more time to assist our customers and improve our services. We currently use a couple of agents to support our day-to-day operations, and more are expected to be up and running shortly. Outlook Coor has delivered a strong financial performance so far this year, with a high level of activity in the market. Coor Sweden continues to display positive growth, with increased sales and stronger profitability. Norway has successfully migrated its contract portfolio to a broader customer base with a more balanced revenue mix. Stabilisation efforts are continuing in Denmark, with a focus on securing new contracts, maintaining existing customer relationships and gradually improving profitability. I am confident in our continued development. Moving forward, we will continue to focus on boosting both our additional sales and new sales, strengthening our governance and further streamlining our operations. This is creating a strong foundation for profitable growth and a gradual improvement in our margins. Stockholm, 22 October 2026 Ola Klingenborg, President and CEO, Coor
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 4 (33) Our operations in three dimensions Delivering on Coor’s strategy and developing our business in line with our vision requires a long - term approach to sustainability. Coor strives to conduct its business in a responsible manner. This means that we create value in three dimensions: business responsibility, social responsibility and environmental responsibility. Coor transparently reports on its progress toward its long -term targets in all three dimensions. Business responsibility Focus areas Target Coor is to achieve long-term business sustainability through sustained growth and profitability over time. At the same time, we are to maintain strong business ethics and sound customer relationships. Organic growth 4–5% Adjusted EBITA margin ~5.5% Cash conversion >90% Capital structure <3.0x Dividend ~50% of adjusted net profit Customer satisfaction ≥70 Social responsibility Coor is to contribute to a better society and social development by acting as a responsible, inclusive and stimulating employer. Employee motivation ≥70 Total recordable injury frequency (TRIF) ≤3.5 Equal opportunities 50% female managers Environmental responsibility Coor is to contribute to a better environment by actively reducing its environmental impact and the resources used by the company and its customers. Reduced Scope 1 and 2 emissions (CO2eq) -75% by 2030 Share of Science Based Target initiative signatory suppliers 75% by 2026 Reduced emissions (CO2eq) from food and beverages -58% by 2030
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 5 (33) Business responsibility Net sales and profit Third quarter (July–September) Sales increased by 0.1 per cent compared with the year-earlier period. Organic growth was -1.5 per cent. During the quarter, Sweden continued to post positive organic growth of 3.5 per cent. Finland also posted positive organic growth for the quarter. Norway posted negative growth of -0.9 per cent for the quarter, primarily due to a year-on-year decline in variable revenue as previously announced. However, we are continuing to see a positive trend in the underlying contract portfolio. Organic growth in Denmark was negative due to the previously announced contract losses. Foreign exchange effects for the quarter amounted to 1.6 per cent. Operating profit (adjusted EBITA) amounted to SEK 149 (134) million. The operating margin (adjusted EBITA margin) for the quarter was 5.0 (4.5) per cent. Sweden and Norway both continued to contribute to improved profitability during the quarter, while the lower volume in Denmark continued to have a negative impact on profitability. Finland’s profitability was in line with last year. Key performance indicators 2026 2025 2026 2025 Net sales, SEK m 3,007 3,005 9,139 9,257 Organic growth, % -1.5 3.6 -1.5 1.6 Acquired growth, % 0.0 0.0 0.0 0.0 FX effects, % 1.6 -1.5 0.2 -1.5 Adjusted EBITA, SEK m 149 134 486 443 Adjusted EBITA-margin, % 5.0 4.5 5.3 4.8 EBIT 101 98 385 337 EBIT-margin, % 3.4 3.3 4.2 3.6 Number of employees at the end of the period (FTE) - - 10,098 10,314 Jul-Sep Jan-Sep Net sales (SEK m) Adjusted EBITA (SEK m) Net sales by country (LTM) Net sales by type of contract (LTM) Net sales subscriptions/other (LTM) 0 2,000 4,000 6,000 8,000 10,000 12,000 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 0 100 200 300 400 500 600 700 0 50 100 150 200 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM Sweden, 56% Denmark, 19% Norway, 20% Finland, 5% IFM, 60% FM-Services, 40% Subscription , 66% Other , 34%
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 6 (33) EBIT totalled SEK 101 (98) million. In addition to the aforementioned changes, items affecting comparability were higher than in the preceding year, primarily due to an arbitration decision made during the quarter regarding an old customer case in Denmark from 2022, which was not in Coor’s favour. The cost of this amounted to SEK 27 million and did not pertain to our current operations. The cost has been recognised as an item affecting comparability, in line with the information communicated in the interim report for the second quarter. Full period (January–September) Sales declined by -1.3 per cent compared with the preceding year. Organic growth was -1.5 per cent and growth from acquisitions 0.0 per cent, while foreign exchange effects accounted for 0.2 per cent. Operating profit (adjusted EBITA) amounted to SEK 486 (443) million and the operating margin (adjusted EBITA margin) was 5.3 (4.8) per cent. EBIT was SEK 385 (337) million. Financial net and profit after tax Net financial items were lower than in the year-earlier period and amounted to SEK -106 (-119) million, mainly due to lower interest rates and a slight reduction in debt. Tax expense was SEK -74 (-60) million, corresponding to 27 (28) per cent of profit before tax. The high effective tax rate was mainly attributable to interest expenses with limited deductibility in Sweden. Profit after tax was SEK 204 (158) million. Financial position Consolidated net debt at the end of the period was SEK 2,140 (2,294) million. The company’s leverage, defined as net debt to adjusted EBITDA (rolling 12 months), was 2.3 (2.7) at the end of the period, below the Group’s target of a leverage below 3.0. Equity at the end of the period amounted to SEK 1,642 (1,418) million, and the equity/assets ratio was 22 (20) per cent. During the second quarter, a dividend of SEK 143 (95) million was distributed to shareholders. Cash and cash equivalents amounted to SEK 608 (438) million at the end of the period. At the end of the period, the Group had undrawn credit lines totalling SEK 950 (700) million. Leverage, times Financial net (SEK m) 2026 2025 Net interest, excl leasing -89 -102 Net interest, leasing -11 -10 Borrowing costs -5 -4 Exchange rate differences 13 7 Other -14 -10 Total financial net -106 -119 Profit before tax 279 218 Tax -74 -60 Income for the period 204 158 Jan-Sep 31 Dec Net debt (SEK m) 2026 2025 2025 Liabilities to credit institutions 791 1,042 1,044 Corporate bond 1,500 1,250 1,250 Leasing, net 489 436 431 Other -32 4 -1 2,748 2,733 2,724 Cash and cash equivalents -608 -438 -385 Net debt 2,140 2,294 2,339 Leverage, times 2.3 2.7 2.6 Equity 1,642 1,418 1,387 Equity/assets ratio, % 22 20 20 30 Sep 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Leverage, times Target
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 7 (33) Cash flow Operating cash flow varies from one quarter to the next. The key parameter to follow is the rolling 12-month change in working capital. During the last 12 months, working capital increased by SEK 23 (-77) million. The most important key performance indicator for Coor’s cash flow is cash conversion, which is defined as the ratio of a simplified operating cash flow to adjusted EBITDA. Cash conversion for the most recent 12-month period amounted to 87 (96) per cent, which is slightly below the Group’s medium- term target for a cash conversion of over 90 per cent. Cash conversion, % jan-dec Cash conversion (SEK m) 2026 2025 2025 Adjusted EBITDA 950 848 909 Change in net working capital -23 77 86 Net investments -101 -109 -91 Cash flow for calculation of cash conversion 826 816 904 Cash conversion, % 87 96 99 Rolling 12 mth. 0 20 40 60 80 100 120 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Cash conversion (LTM) Target
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 8 (33) Customer relationships Customer satisfaction Every year, Coor conducts a customer survey with the help of an external research firm with the aim of monitoring its performance as a service provider. The most recent survey was conducted during the third quarter of 2026 and the results remained strong at 74 (72), which is somewhat higher than the company’s target of 70 or higher. The customer satisfaction survey also measures our Net Promoter Score (NPS), which increased and remains at a high level of +23 (+18). From a benchmarking perspective, values of between -10 and +10 are considered good. The results from the customer survey provide valuable input for the future, with regard to the development of our customer relationships as well as Coor’s internal development as a company. As a supplement to the annual survey, we continuously follow up on customer satisfaction. These qualitative and quantitative follow-ups are customised based on the specific customer and focus on both service delivery and customer relations. Quantitative surveys are carried out using pulse surveys, for example. Significant events during the quarter ▪ Jens Ebbe Rasmussen, Chief Commercial Officer, left Coor during the quarter. He was replaced by Stine Solheim, who currently also serves as President of the Group’s Norwegian operations. The search for a new President for the Norwegian operations is under way. Significant events after the end of the period ▪ There were no significant events to report after the end of the period. Customer Satisfaction Index 0 20 40 60 80 100 2022 2023 2024 2025 2026 Customer satisfaction Target
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 9 (33) Sweden Third quarter (July–September) During the third quarter, sales in the Swedish operations increased by 3.5 per cent, primarily through higher volumes in cleaning and a continued favourable level of activity with higher variable volumes in IFM and property services. Operating profit (adjusted EBITA) for the quarter was higher than in the year-earlier period and amounted to SEK 135 (122) million. The operating margin (adjusted EBITA margin) increased to 8.4 (7.8) per cent. Compared with the year-earlier period, all business areas delivered a stronger result. During the third quarter, Coor won the contract to provide cleaning services to the Stockholm Culture Department. The contract, which has an annual value of approximately SEK 16 million, will take effect on 1 November 2026 and run for two years, with an option to extend for an additional four years. Coor also won a cleaning contract with the City of Västerås during the quarter, with an annual value of approximately SEK 20 million. The contract will take effect on 1 February 2027. During the quarter, Coor extended its property services contracts with Locum and Micasa as well as its IFM contracts with CGI, GKN, ABB and ABB Robotics. The new contract with ABB and ABB Robotics in Sweden extends for three years with an option for a further two years. The combined annual contract value totals approximately SEK 150 million for Sweden, Norway, Estonia and Lithuania. The agreement covers property services, security services, cleaning, workplace services, and coffee machines and fruit. Full period (January–September) Sales in the Swedish operations grew 3.4 per cent through organic growth during the full period. Operating profit (adjusted EBITA) for the full period amounted to SEK 482 (419) million. The operating margin (adjusted EBITA margin) was 9.5 (8.5) per cent. Key performance indicators 2026 2025 2026 2025 Net sales, SEK m 1,612 1,558 5,071 4,906 Organic growth, % 3.5 -1.5 3.4 -1.3 Acquired growth, % 0.0 0.0 0.0 0.0 FX-effects, % 0.0 0.0 0.0 0.0 Adjusted EBITA, SEK m 135 122 482 419 Adjusted EBITA-margin, % 8.4 7.8 9.5 8.5 Number of employees at the end of the period (FTE) - - 5,629 5,810 Jul-Sep Jan-Sep Net sales (SEK m) Adjusted EBITA (SEK m) 0 200 400 600 800 0 50 100 150 200 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 0 300 600 900 1,200 1,500 1,800 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 56% share of consolidated sales
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 10 (33) Denmark Third quarter (July–September) In the third quarter, sales in the Danish operations declined by -15.2 per cent compared with the year-earlier period due to negative organic growth attributable to the previously communicated ended contracts. The contract losses also had a negative impact on our performance in the third quarter and are expected to have continued negative effects in the fourth quarter compared with the previous year. Operating profit (adjusted EBITA) for the quarter amounted to SEK 17 (21) million. The operating margin (adjusted EBITA margin) was 3.0 (3.2) per cent. The earnings trend was the result of lower sales, which were offset to a certain degree by lower costs. Despite the decline in revenue, Denmark reported an operating margin broadly in line with the previous year. The company’s efforts to adapt its operations to its current declining volumes, while positioning itself for future growth, are proceeding according to plan. During the third quarter, the IFM contract with OPP Vejle was extended, with an annual value of just over SEK 30 million. Full period (January–September) In the full period, sales in the Danish operations declined -15.4 per cent compared with the year-earlier period, due to negative organic growth of -13.7 per cent and negative foreign exchange effects of -1.7 per cent. Operating profit (adjusted EBITA) for the full period amounted to SEK 54 (81) million. The operating margin (adjusted EBITA margin) was 3.2 (4.0) per cent. Key performance indicators 2026 2025 2026 2025 Net sales, SEK m 562 663 1,723 2,038 Organic growth, % -15.1 1.5 -13.7 -2.1 Acquired growth, % 0.0 0.0 0.0 0.0 FX-effects, % -0.1 -3.0 -1.7 -2.7 Adjusted EBITA, SEK m 17 21 54 81 Adjusted EBITA-margin, % 3.0 3.2 3.2 4.0 Number of employees at the end of the period (FTE) - - 1,861 2,116 Jul-Sep Jan-Sep Net sales (SEK m) Adjusted EBITA (SEK m) 0 500 1,000 1,500 2,000 2,500 3,000 0 200 400 600 800 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 0 20 40 60 80 100 120 140 0 5 10 15 20 25 30 35 40 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 19% share of consolidated sales
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 11 (33) Norway Third quarter (July–September) During the third quarter, sales in the Norwegian operations increased by a total of 6.8 per cent, with organic growth of -0.9 per cent and foreign exchange effects of 7.7 per cent. The new contracts continue to have a positive impact on volumes and profitability. During the quarter, these contracts largely offset the decline in variable volumes compared with last year, when variable volumes were unusually high. Operating profit (adjusted EBITA) for the quarter amounted to SEK 36 (29) million. The operating margin (adjusted EBITA margin) improved compared with the year-earlier period and amounted to 5.4 (4.6) per cent. During the third quarter, Coor signed a new IFM contract in Sandslimarka, Bergen. The contract, which will take effect on 1 February 2027, includes cleaning, technical operations and restaurant services. Coor also extended its IFM contract with SR Bank for a further five years as well as its property service contract with SiO for another two years. Full period (January–September) In the full period, sales in the Norwegian operations increased by 1.2 per cent compared with the year-earlier period due to negative organic growth of -2.4 per cent and positive foreign exchange effects of 3.6 per cent. Operating profit (adjusted EBITA) for the full period amounted to SEK 91 (85) million. The operating margin (adjusted EBITA margin) was 4.9 (4.7) per cent. Key performance indicators 2026 2025 2026 2025 Net sales, SEK m 661 619 1,845 1,823 Organic growth, % -0.9 22.2 -2.4 17.0 Acquired growth, % 0.0 0.0 0.0 0.0 FX-effects, % 7.7 -3.9 3.6 -4.4 Adjusted EBITA, SEK m 36 29 91 85 Adjusted EBITA-margin, % 5.4 4.6 4.9 4.7 Number of employees at the end of the period (FTE) - - 1,658 1,477 Jul-Sep Jan-Sep Net sales (SEK m) Adjusted EBITA (SEK m) 0 500 1,000 1,500 2,000 2,500 0 200 400 600 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 0 40 80 120 160 0 10 20 30 40 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 20% share of consolidated sales
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 12 (33) Finland Third quarter (July–September) During the third quarter, sales in Finland increased by 3.9 per cent compared with the year-earlier period. Organic growth was positive and amounted to 4.0 per cent, while foreign exchange effects were negative and amounted to -0.1 per cent. Operating profit (adjusted EBITA) amounted to SEK 11 (10) million. The operating margin (adjusted EBITA margin) was in line with last year and amounted to 6.2 (6.2) per cent. Full period (January–September) In the full period, sales in the Finnish operations increased by 2.1 per cent compared with the year-earlier period due to positive organic growth of 4.0 per cent and negative foreign exchange effects of -1.9 per cent. Operating profit (adjusted EBITA) for the full period amounted to SEK 14 (14) million. The operating margin (adjusted EBITA margin) was 2.8 (2.8) per cent. Key performance indicators 2026 2025 2026 2025 Net sales, SEK m 173 166 500 490 Organic growth, % 4.0 3.0 4.0 -2.6 Acquired growth, % 0.0 0.0 0.0 0.0 FX-effects, % -0.1 -3.0 -1.9 -2.6 Adjusted EBITA, SEK m 11 10 14 14 Adjusted EBITA-margin, % 6.2 6.2 2.8 2.8 Number of employees at the end of the period (FTE) - - 771 736 Jul-Sep Jan-Sep Net sales (SEK m) Adjusted EBITA (SEK m) 0 200 400 600 800 0 50 100 150 200 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 0 10 20 0 2 4 6 8 10 12 Q3 -24 Q4 -24 Q1 -25 Q2 -25 Q3 -25 Q4 -25 Q1 -26 Q2 -26 Q3 -26 Quarterly LTM 5% share of consolidated sales
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 13(33) Social responsibility Coor’s most valuable asset is our employees, and we seek dedicated and motivated employees. Our aim is for our employees to be treated fairly and respectfully and to be able to develop within the company by being offered equal opportunities. Coor works actively to promote the well-being of its employees and a safe work environment free from work-related injuries and long-term sick leave. Coor aims to make a positive contribution to social development through central and local initiatives. Organisation and employees At the end of the period, the number of employees was 11,739 (12,031), or 10,098 (10,314) on a full-time equivalent basis. Equal opportunities Coor firmly believes that a diversity of personalities, backgrounds, experiences and knowledge creates the right conditions for the company’s continued success. Part of this effort is to clearly strive for a balanced gender distribution among its managers. At the end of the period, the share of women in managerial positions was 53 per cent and the share of men in managerial positions was 47 per cent. Employee motivation The most recent employee survey was conducted in the fourth quarter of 2025 and showed that commitment within Coor remains strong, with the eNPS score increasing to +19 (+14). This means that more and more employees are willing to recommend Coor as an employer – a positive reflection of our work environment, our leadership and our culture. Our EMI was also stable at a high level of 78 (77). This shows that the level of motivation in the organisation remains strong and that our initiatives to create a safe, inclusive and stimulating workplace have been effective. The 2026 employee survey will be conducted in the fourth quarter. Health and safety Coor has a clear vision to achieve zero work-related injuries – it goes without saying that all employees should have a safe work environment. All employees are encouraged to report observed risks. Risk observations, incidents and injuries are reported directly to the relevant manager, after which a follow-up and analysis of preventive measures is conducted. The results are followed up and analysed at the country and Group level on an ongoing basis. Coor’s medium-term target is for the Group’s total recordable injury frequency rate (TRIF) to be less than 3.5. At the end of the period, the Group’s TRIF was 6.9 (7.8). The outcome for the third quarter was relatively stable, with a continued focus on analysing work-related injuries, incidents and risk observations. Coor is working intensively to increase the level of proactive safety work in the organisation. An important part of this is the “Safety Onboarding Training” module planned for the future. Preventive risk observations, learning from incidents and structured follow-up help to ensure a safer working environment and provide a solid foundation for further improving safety outcomes and reducing the number of accidents over time. Distribution of employees (FTE at the end of the period) Equal opportunities (gender distribution of managers at the end of the period) Employee Motivation Index (EMI) Total recordable injury frequency (TRIF) Sweden, 56% Denmark, 18% Norway, 16% Finland, 8% Group functions, 2% Female, 53% Male, 47% 0 20 40 60 80 100 2021 2022 2023 2024 2025 EMI Target 0 5 10 2022 2023 2024 2025 2026, Q3 LTM TRIF Target
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 14 (33) Environmental responsibility Coor aims for responsible consumption and reduced emissions by conducting structured and proactive environmental work and actively contributing to minimising our customers’ environmental impact. Coor has committed to reaching net zero greenhouse gas (GHG) emissions by 2040. Targets and action plans have been validated and approved by the Science Based Targets initiative (SBTi). Scope 1 and 2 emissions Coor’s aim is to reduce absolute Scope 1 and 2 emissions by 75 per cent by 2030 compared with the base year 2018. At the end of the third quarter of 2026, emissions had decreased by 60 (49) per cent compared with the base year. The emissions reduction was primarily due to continued optimisation of Coor’s vehicle fleet and a gradual transition to electric vehicles. There was also a decline in emissions linked to energy consumption as more operations increased their share of renewable energy. Emissions from purchased goods and services (Scope 3) Food and beverages Coor’s aim is to reduce emissions from its food and beverage deliveries by 58 per cent by 2030 compared with the base year 2018. This emissions reduction is taking place through, for example, climate-smart menu planning and a focus on reducing food waste, which has reduced emissions by 39 per cent compared with the base year. For the third quarter of 2026, the value was 1.71 (1.99) kgCO2eq/kg. The decrease was due in part to the continued work at our restaurants to develop climate-smart menus and more resource- efficient planning as well as to improvements in several of our raw material flows. For example, one of our coffee offerings has switched to beans grown using regenerative methods, which had positive impact on the overall results. The supply chain Coor’s target for 2026 is for 75 per cent of emissions from purchased goods and services to come from suppliers who have had their targets approved by the SBTi or an equivalent body. Our suppliers and potential suppliers are urged, through dialogue, to participate in the SBTi. At the end of the third quarter of 2026, Coor had a slightly higher proportion of participating suppliers, 51 per cent, compared with 50 per cent at the end of the second quarter and 40 per cent at the end of the year-earlier period. CO2eq from our vehicles and premises (Scope 1 and 2) CO2eq from food and beverages (Scope 3) 51% Percentage of emissions from purchased goods and services from suppliers validated in accordance with SBTi 0 1,000 2,000 3,000 4,000 5,000 2018 (base year) 2022 2023 2024 2025 2026, Q3 LTM Scope 1, tCO2e Scope 2, tCO2e Target 2030 0.0 0.5 1.0 1.5 2.0 2.5 3.0 2018 (base year) 2022 2023 2024 2025 2026, Q3 LTM kgCO2e/kg of purchased food Target 2030
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 15 (33) Other information Significant risks and uncertainties The Group’s significant risks and uncertainties consist of strategic risks related to changes in market and economic conditions as well as sustainability and operational risks related to customer contracts. The Group is also exposed to various kinds of financial risks, such as currency, interest and liquidity risks. A detailed description of the Group’s risks is provided in the Annual Report, which is available on the company’s website. Acquisitions and sales No acquisitions or divestments took place in the third quarter of 2026. Parent company The Group’s parent company, Coor Service Management Holding AB, provides management services to its wholly owned subsidiary Coor Service Management Group AB. The parent company also manages shares in subsidiaries. The parent company’s loss after tax for the full period was SEK -144 (-137) million. Total assets in the parent company at the end of the period amounted to SEK 7,821 (7,809) million. Equity in the parent company totalled SEK 4,707 (4,930) million. Related-party transactions No transactions between Coor and related parties had a material impact on the company’s financial position and results took place during the period. Ownership structure The shares of Coor Service Management Holding AB were listed on Nasdaq Stockholm on 16 June 2015. At the end of the period, the three largest shareholders were WISAG Service Holding Europa, Nordea Funds and SEB Pensionsstiftelse. Shareholder Number of shares and votes Shares and votes, % WISAG Service Holding Europa* 28,743,506 30.0 Nordea Funds 8,157,462 8.5 SEB Pensionsstiftelse 4,400,000 4.6 Carnegie Fonder 3,632,561 3.8 Fourth Swedish National Pension Fund 2,927,603 3.1 TIND Asset Management 2,848,835 3.0 Handelsbanken Fonder 2,378,944 2.5 Coquine SA 2,249,218 2.3 Antaurus Capital Management BV 2,000,000 2.1 Taiga Fund Management AS 1,799,733 1.9 Jens Engwall 1,707,128 1.8 Avanza Pension 1,700,008 1.8 Dimensional Fund Advisors 1,543,111 1.6 Acadian Asset Management 1,421,370 1.5 Svenska Handelsbanken AB for PB 1,026,001 1.1 Total 15 largest shareholders 66,535,480 69.4 Other shareholders 29,276,542 30.6 Total 95,812,022 100.0 Coor's fifteen largest shareholders 30 Sep 2026¹⁾ *WISAG Service Holding Europa holds 29.99 per cent of the total number of shares and votes. ¹⁾Source: Monitor by Modular Finance AB. Compiled and adapted data from Euroclear, Morningstar, the Swedish Financial Supervisory Authority and other sources.
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 16 (33) The report for the period has been reviewed by the company’s auditors. Stockholm, 22 October 2026 Ola Klingenborg President and CEO As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers’ service activities. This enables our customers to do what they do best. Coor’s customer base includes many large and small companies and public sector organisations across the Nordic region, including ABB, Aibel, the Danish Building and Property Agency, DSB, Equinor, ICA, the Karolinska University Hospital Solna, the Danish Police, Public Prosecution Authority and Prison and Probation Service, PostNord, SAS, Skanska, Sweco, Swedbank, Vasakronan and Volvo Cars. Coor was founded in 1998 and has been listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 17 (33)
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 18 (33) Consolidated financial statements Condensed consolidated income statement Rolling Jan-Dec Income statement (SEK m) 2026 2025 2026 2025 12 mth. 2025 Net sales 3,007 3,005 9,139 9,257 12,363 12,480 Cost of services sold -2,659 -2,683 -7,995 -8,178 -10,844 -11,027 Gross income 349 323 1,144 1,079 1,519 1,453 Selling and administrative expenses -247 -224 -760 -742 -1,016 -998 Operating profit 101 98 385 337 503 455 Net financial income/expense -34 -39 -106 -119 -141 -154 Profit before tax 67 59 279 218 362 301 Income tax expense -19 -17 -74 -60 -98 -84 INCOME FOR THE PERIOD 48 43 204 158 264 218 Operating profit 101 98 385 337 503 455 Amortisation and impairment of goodwill, customer contracts and trademarks 8 15 24 43 37 56 Items affecting comparability (Note 3) 40 21 77 63 106 92 Adjusted EBITA 149 134 486 443 646 603 Earnings per share, SEK, before and after dilution 0.5 0.5 2.2 1.7 2.8 2.3 Rolling Jan-Dec Statement of comprehensive income (SEK m) 2026 2025 2026 2025 12 mth. 2025 Income for the period 48 43 204 158 264 218 Items that may be subsequently reclassified to profit or loss Currency translation differences 78 -9 162 -69 114 -117 Cash flow hedges 28 3 23 -6 26 -3 Other comprehensive income for the period 105 -5 185 -76 141 -120 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 153 37 390 82 405 97 Jul-Sep Jan-Sep Jul-Sep Jan-Sep The interim information on pages 18–32 is an integral part of this financial report.
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 19 (33) Condensed consolidated balance sheet 31 Dec Balance sheet (SEK m) 2026 2025 2025 ASSETS Intangible assets Goodwill 3,852 3,790 3,764 Customer contracts 161 197 184 Other intangible assets 264 259 260 Property, plant and equipment Right-of use assets held via leases 490 439 431 Other property, plant and equipment 97 102 97 Financial assets Deferred tax receivable 3 3 2 Other financial assets 66 29 34 Total non-current assets 4,932 4,819 4,772 Current assets Accounts receivable 1,309 1,351 1,431 Tax receivables 0 0 0 Other current assets, interest-bearing 1 1 1 Other current assets, non-interest-bearing 540 464 390 Cash and cash equivalents 608 438 385 Total current assets 2,457 2,254 2,207 TOTAL ASSETS 7,390 7,073 6,979 30 Sep 31 Dec Balance sheet (SEK m) 2026 2025 2025 EQUITY AND LIABILITIES Equity 1,642 1,418 1,387 Liabilities Non-current liabilities Borrowings (Note 2) 2,291 2,292 2,294 Lease liabilities (Note 2) 315 269 258 Deferred tax liability 46 1 16 Provisions for pensions 33 31 32 Other non-interest bearing liabilities 1 4 1 Total non-current liabilities 2,686 2,597 2,600 Current liabilities Lease liabilities (Note 2) 176 170 176 Current tax liabilities 48 73 58 Accounts payable 982 907 901 Other current liabilities 1,844 1,890 1,832 Short-term provisions 12 18 26 Total current liabilities 3,062 3,058 2,992 TOTAL EQUITY AND LIABILITIES 7,390 7,073 6,979 30 Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 20 (33) Condensed consolidated statement of changes in equity There are no non-controlling interests, as the parent company owns all shares of all subsidiaries. Jan-Dec Statement of changes in equity (SEK m ) 2026 2025 2025 Opening balance at beginning of period 1,387 1,426 1,426 Income for the period 204 158 218 Other comprehensive income for the period 185 -76 -120 Long-term incentive programs 8 4 6 Dividend -143 -95 -142 Closing balance at end of period 1,642 1,418 1,387 Jan-Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 21 (33) Condensed consolidated statement of cash flows Rolling Jan-Dec Cash flow statement (SEK m ) 2026 2025 2026 2025 12 mth. 2025 Operating profit 101 98 385 337 503 455 Adjustment for non-cash items 85 81 242 253 341 353 Finance net -40 -40 -127 -125 -163 -162 Income tax paid -8 -2 -63 -33 -87 -57 Cash flow before changes in working capital 139 137 437 432 594 589 Change in working capital 9 31 35 143 -23 86 Cash flow from operating activities 148 168 472 576 571 675 Net investments -22 -14 -79 -69 -101 -91 Cash flow from investing activities -22 -14 -79 -69 -101 -91 Dividend 0 0 -143 -95 -190 -142 Net lease commitments -51 -49 -148 -144 -201 -196 Other 0 0 0 0 0 0 Cash flow from financing activities -51 -49 -291 -239 -391 -339 Total cash flow for the period 75 105 101 268 79 245 Cash and cash equivalents at beginning of period 473 338 385 212 438 212 Exchange gains on cash and cash equivalents 60 -5 122 -42 91 -72 Cash and cash equivalents at end of period 608 438 608 438 608 385 Rolling Jan-Dec Cash conversion 2026 2025 2026 2025 12 mth. 2025 EBIT 101 98 385 337 503 455 Depreciation and amortisation 85 89 248 270 341 362 Adjustment for items affecting comparability 40 21 77 63 106 92 Adjusted EBITDA 227 208 710 669 950 909 Net investments* -22 -14 -80 -69 -101 -91 Change in working capital 9 31 35 143 -23 86 Cash flow for calculation of cash conversion 213 225 666 743 826 904 Cash conversion, % 94 108 94 111 87 99 Jul-Sep Jan-Sep Jul-Sep Jan-Sep *Net investments incl. profit and loss from sales of fixed assets
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 22 (33) Reporting by segment Rolling Jan-Dec Geographical segments (SEK m) 2026 2025 2026 2025 12 mth. 2025 Net sales Sweden 1,612 1,558 5,071 4,906 6,882 6,718 Total sales 1,646 1,589 5,175 4,988 7,015 6,828 Internal sales -35 -31 -104 -82 -133 -110 Norway 661 619 1,845 1,823 2,418 2,396 Total sales 664 622 1,856 1,835 2,432 2,411 Internal sales -3 -4 -11 -12 -14 -15 Finland 173 166 500 490 668 658 Total sales 173 166 500 490 668 658 Internal sales 0 0 0 0 0 0 Denmark 562 663 1,723 2,038 2,395 2,709 Total sales 563 664 1,727 2,041 2,402 2,716 Internal sales -1 -1 -4 -3 -7 -6 Group functions/other -0 -0 -1 -1 -1 -1 Total 3,007 3,005 9,139 9,257 12,363 12,480 Adjusted EBITA Sweden 135 122 482 419 670 607 Norway 36 29 91 85 116 110 Finland 11 10 14 14 16 15 Denmark 17 21 54 81 74 101 Group functions/other -49 -48 -155 -157 -229 -231 Total 149 134 486 443 646 603 Adjusted EBITA is reconciled to profit before tax as follows: Amortisation and impairment of goodwill, customer contracts and trademarks -8 -15 -24 -43 -37 -56 Items affecting comparability (Note 3) -40 -21 -77 -63 -106 -92 Net financial income/expense -34 -39 -106 -119 -141 -154 Profit before tax 67 59 279 218 362 301 Rolling Jan-Dec Adjusted EBITA margin, % 2026 2025 2026 2025 12 mth. 2025 Sweden 8.4 7.8 9.5 8.5 9.7 9.0 Norway 5.4 4.6 4.9 4.7 4.8 4.6 Finland 6.2 6.2 2.8 2.8 2.4 2.3 Denmark 3.0 3.2 3.2 4.0 3.1 3.7 Group functions/other - - - - - - Total 5.0 4.5 5.3 4.8 5.2 4.8 Rolling Jan-Dec Net sales by type of contract (SEK m) 2026 2025 2026 2025 12 mth. 2025 Net sales IFM 1,890 1,733 5,588 5,330 7,456 7,197 FM - services 1,117 1,273 3,552 3,927 4,907 5,283 Total 3,007 3,005 9,139 9,257 12,363 12,480 Jul-Sep Jan-Sep Jul-Sep Jan-Sep Jul-Sep Jan-Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 23 (33) Segments – quarterly 2024 Geographical segments (SEK m) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Net sales, external Sweden 1,612 1,735 1,725 1,811 1,558 1,685 1,664 1,739 Norway 661 644 540 573 619 679 525 535 Finland 173 169 158 168 166 164 160 171 Denmark 562 570 591 672 663 672 703 746 Group functions/other -0 -0 -0 0 -0 -0 -0 0 Total 3,007 3,118 3,014 3,224 3,005 3,199 3,052 3,192 Adjusted EBITA Sweden 135 169 178 187 122 153 145 127 Norway 36 35 20 25 29 37 20 24 Finland 11 4 -1 2 10 3 0 2 Denmark 17 16 22 20 21 27 34 13 Group functions/other -49 -53 -52 -74 -48 -54 -54 -61 Total 149 170 167 160 134 165 144 105 Adjusted EBITA-margin, % Sweden 8.4 9.7 10.3 10.3 7.8 9.1 8.7 7.3 Norway 5.4 5.4 3.7 4.4 4.6 5.4 3.7 4.5 Finland 6.2 2.6 -0.8 1.1 6.2 1.7 0.3 1.0 Denmark 3.0 2.7 3.7 3.0 3.2 4.0 4.8 1.8 Group functions/other - - - - - - - - Total 5.0 5.5 5.5 5.0 4.5 5.2 4.7 3.3 2024 Type of contract (SEK m) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Net sales, external IFM 1,890 2,008 1,690 1,868 1,733 1,903 1,694 1,860 FM-services 1,117 1,110 1,324 1,356 1,273 1,297 1,358 1,331 Total 3,007 3,118 3,014 3,224 3,005 3,199 3,052 3,192 20252026 2025 2026
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 24 (33) Parent company financial statements Condensed parent company income statement Rolling Jan-Dec Income statement (SEK m ) 2026 2025 2026 2025 12 mth. 2025 Net sales 2 1 3 4 4 5 Selling and administrative expenses -9 -10 -28 -26 -32 -30 Operating profit -7 -9 -25 -22 -28 -25 Other net financial income/expense -36 -34 -106 -101 -139 -135 Profit/loss after financial items -43 -43 -130 -124 -167 -160 Group contribution 0 0 0 0 146 146 Profit/loss before tax -43 -43 -130 -124 -21 -15 Income tax expense -5 -4 -14 -13 -18 -17 INCOME FOR THE PERIOD -48 -47 -144 -137 -39 -32 Jul-Sep Jan-Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 25 (33) Condensed parent company balance sheet 31 Dec Balance sheet (SEK m ) 2026 2025 2025 ASSETS Shares in subsidiaries 7,789 7,789 7,789 Deferred tax asset 6 2 6 Other financial assets 12 11 11 Total non-current assets 7,807 7,802 7,806 Receivables from Group companies* 0 0 148 Tax receivables 0 3 0 Other trading assets 14 4 4 Cash and cash equivalents* 0 0 0 Total current assets 14 8 152 TOTAL ASSETS 7,821 7,809 7,957 31 Dec Balance sheet (SEK m ) 2026 2025 2025 EQUITY AND LIABILITIES Shareholders' equity 4,707 4,930 4,993 Liabilities Borrowings 2,291 2,292 2,294 Provisions for pensions 16 14 14 Other provisions 0 1 0 Total non-current liabilities 2,306 2,307 2,308 Liabilities to Group companies* 770 538 613 Income tax liability 19 0 10 Accounts payable 1 1 1 Other current liabilities 18 23 23 Other provisions 1 10 8 Total current liabilities 808 572 656 Total liabilities 3,114 2,879 2,964 TOTAL EQUITY AND LIABILITIES 7,821 7,809 7,957 30 Sep * The company is part of the Group wide cash pool with the subsidiary Coor Service Management Group AB as master account holder. The balance in the Group cash pool is accounted for as a current receivable or liability to Group companies. 30 Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 26 (33) Key performance indicators Key performance indicators Data per share Rolling Jan-Dec Key performance indicators (SEK m) 2026 2025 2026 2025 12 mth. 2025 Net sales 3,007 3,005 9,139 9,257 12,363 12,480 Net sales growth, % 0.1 2.1 -1.3 0.1 -0.7 0.3 of which organic growth, % -1.5 3.6 -1.5 1.6 -0.3 2.0 of which acquired growth, % 0.0 0.0 0.0 0.0 0.0 0.0 of which FX effect, % 1.6 -1.5 0.2 -1.5 -0.4 -1.7 Operating profit (EBIT) 101 98 385 337 503 455 EBIT margin, % 3.4 3.3 4.2 3.6 4.1 3.6 EBITA 109 113 409 380 539 511 EBITA margin, % 3.6 3.8 4.5 4.1 4.4 4.1 Adjusted EBITA 149 134 486 443 646 603 Adjusted EBITA margin, % 5.0 4.5 5.3 4.8 5.2 4.8 Adjusted EBITDA 227 208 710 669 950 909 Adjusted EBITDA margin, % 7.5 6.9 7.8 7.2 7.7 7.3 Adjusted net profit 56 57 228 201 301 274 Net working capital -966 -963 -966 -963 -966 -895 Net working capital / Net sales, % -7.8 -7.7 -7.8 -7.7 -7.8 -7.2 Cash conversion, % 94 108 94 111 87 99 Net debt 2,140 2,294 2,140 2,294 2,140 2,339 Leverage, times 2.3 2.7 2.3 2.7 2.3 2.6 Equity/assets ratio, % 22 20 22 20 22 20 Jul-Sep Jan-Sep Rolling Jan-Dec Data per share 2026 2025 2026 2025 12 mth. 2025 Share price at end of period 49.9 48.3 49.9 48.3 49.9 49.2 No. of shares at end of period 95,812,022 95,812,022 95,812,022 95,812,022 95,812,022 95,812,022 No. of treasury shares¹⁾ -794,109 -885,273 -794,109 -885,273 -794,109 -885,273 No. of shares outstanding 95,017,913 94,926,749 95,017,913 94,926,749 95,017,913 94,926,749 No. of ordinary shares outstanding (weighted average) 95,017,913 94,926,749 94,977,841 94,900,427 94,964,963 94,907,061 Earnings per share, before and after dilution, SEK 0.50 0.45 2.15 1.67 2.78 2.30 Shareholders' equity per share, SEK 17.28 14.94 17.28 14.94 17.28 14.61 Jul-Sep Jan-Sep ¹⁾To secure its financial exposure in accordance with the long-term incentive programs, Coor undertook acquisition of own shares.
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 27 (33) Notes to the accounts Note 1 – Accounting principles This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. The consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS), as adopted by the EU. The applied accounting principles are consistent with those described in the Group’s Annual Report for 2025. The parent company financial statements have been prepared in accordance with the Swedish Annual Accounts Act and Recommendation RFR 2 Financial Reporting for Legal Entities of the Swedish Financial Reporting Board. Due to rounding, some totals in this interim report may differ from the sum of individual items. Introduction of IFRS 18 IFRS 18 Presentation and Disclosure in Financial Statements is to be applied for financial years beginning on or after 1 January 2027. The standard introduces a new framework for presenting the income statement, including newly defined subtotals and expanded disclosure requirements for management-defined performance measures. The Group has undertaken an analysis of the effects of the introduction of IFRS 18. Based on a preliminary analysis, the standard is not expected to have any material impact on the Group’s reported earnings or financial position, although presentation and disclosures could be impacted. A more detailed quantification of the effects will be provided as the work progresses. Note 2 – Financial instruments The carrying amounts and fair values for borrowing, which are included in the category financial liabilities at amortised cost, are as follows: The existing credit margin in the Group’s financing agreements is considered to be consistent with market terms, and the carrying amount therefore approximates fair value. The Group considers the liabilities to have been measured in accordance with Level 2 of the fair value hierarchy, which means that the measurement is based on observable market inputs. Note 3 – Items affecting comparability Items affecting comparability are excluded from the measure of operating profit, adjusted EBITA, which the Group regards as the most relevant metric. The following table specifies the items affecting comparability that had an impact on earnings during the period. Integration, start-up costs and restructuring comprise organic transactions as well as acquisitions. Integration costs refer, for example, to costs for integrating IT systems while restructuring mainly refers to costs related to staff reductions. Start-up costs refer to external costs for major contract start-ups. Acquisition-related costs refer exclusively to transaction costs. Items affecting comparability during the quarter amounted to SEK 40 million and mainly comprised costs for the arbitration decision made during the quarter regarding an old customer case in Denmark from 2022, which was not in Coor’s favour. The cost for this amounted to SEK 27 million. Otherwise, items affecting comparability for the quarter consisted primarily of restructuring costs. 31 Dec 31 Dec (SEK m ) 2026 2025 2025 2026 2025 2025 Lease liabilities 491 439 433 491 439 433 Liabilities to credit institutions 791 1,042 1,044 791 1,042 1,044 Corporate Bond 1,500 1,250 1,250 1,500 1,250 1,250 Total 2,782 2,731 2,727 2,782 2,731 2,727 30 Sep 30 Sep Carrying amount Fair value
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 28 (33) Note 4 – Pledged assets and contingent liabilities Parent company The parent company has provided a parent company guarantee of SEK 34 (33) million to cover the financial obligations of the Finnish subsidiary in respect of leases and bank guarantees. The parent company has no other pledged assets or contingent liabilities. Rolling Jan-Dec Items affecting comparability (SEK m ) 2026 2025 2026 2025 12 mth. 2025 Integration and start up costs -1 -1 -10 -4 -17 -10 Restructuring -10 -13 -32 -50 -48 -67 Acquisition related expenses 0 0 -4 0 -7 -3 Other -28 -7 -32 -8 -34 -11 Total -40 -21 -77 -63 -106 -92 Jul-Sep Jan-Sep 31 Dec Pledged assets (SEK m ) 2026 2025 2025 Bank guarantees 50 44 35 Total 50 44 35 31 Dec Contingent liabilities (SEK m ) 2026 2025 2025 Performance bonds 167 159 150 Total 167 159 150 30 Sep 30 Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 29 (33) Note 5 – Share-based incentive programmes In accordance with a resolution of the Annual General Meeting, the Group introduced a new long-term incentive programme (LTIP 2026) for senior executives and other key individuals in the Coor Group in June. To qualify for the programme, participants will be required to own Coor shares that are allocated to the programme. Each participant will have the right to allocate a specified number of shares. For each invested share, participants will then be entitled to an allotment of performance-based share rights free of charge at the end of the vesting period. The allotment of share rights depends on the extent to which the performance conditions have been met during the performance period from 1 January 2026 to 31 December 2028. The employee is also required to retain his or her investment shares and remain an employee of Coor at the end of the vesting period. The vesting period will end in connection with the publication of Coor’s interim report for the first quarter of 2029. The performance conditions of LTIP 2026 are linked to total shareholder return and the relative total shareholder return for the Coor share: ▪ Series A – Total shareholder return (TSR): The allotment of share rights is contingent on the total shareholder return for the Coor share. ▪ Series B – Relative total shareholder return (relative TSR): The allotment of share rights is contingent on the total shareholder return for the Coor share in relation to a weighted average in a group of other companies. In addition to the return on the Coor share, there are also thresholds for two operational targets that need to be met (each weighted at 50 per cent): • Average customer satisfaction of at least 70 • Increased share of purchases from suppliers participating in the SBTi compared with full-year 2025. Final allotment is determined by the Board based on the most favourable outcome in terms of target fulfilment for each financial year as well as for the entire vesting period. In total, the programme comprised a maximum of 193,500 investment shares with a maximum allotment of 845,800 performance-based share rights (excluding dividend compensation). The take-up of the program was around 61 per cent, which meant that a total of 512,086 share rights were allotted on the issue date, comprising 256,043 share rights of series A and 256,043 of series B. To ensure delivery of shares under the programme, the Annual General Meeting resolved to authorise the Board of Directors to enter into share swap agreements.
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 30 (33) Selected key performance indicators To give its investors and other stakeholders clearer information about the Group’s operations and its underlying success factors, Coor has chosen to provide information about a number of key performance indicators. The purpose of these indicators is explai ned below. See page 32 for definitions of terms and the calculation of key performance indicators. Growth The Group considers that organic growth best reflects the underlying growth of the business, as this measure excludes the effect of acquisitions and fluctuations in exchange rates. Earnings and profitability To reflect the performance and profitability of the underlying business more accurately, the Group has defined key performance indicators in which earnings have been adjusted for items affecting comparability and for amortisation and impairment of goodwill, customer contracts and trademarks. The Group considers that adjusted EBITA is the measure of operating profit which most clearly reflects the underlying profitability. It is also based on this measure of earnings that the Group’s segments are followed up and evaluated internally. The adjusted net profit measure of earnings excludes the non-cash items amortisation and impairment of goodwill, customer contracts and trademarks from consolidated net profit and is used as a basis for deciding on dividends to the shareholders. Cash flow and working capital Coor always works proactively to safeguard its cash flow, from both a working capital and an investment perspective. Coor focuses on analysing cash conversion, which is defined as the ratio of a simplified operating cash flow to adjusted EBITDA. The Group’s target is a cash conversion of at least 90 per cent on a rolling 12-month basis. To ensure that the measure provides a true and fair picture over time, the Group calculates cash conversion using measures of operating profit and operating cash flow which exclude items affecting comparability. To achieve the defined target for cash conversion, strong emphasis is placed on minimising working capital and maintaining negative working capital. The Group therefore continuously monitors the size of working capital relative to net sales. Net debt and leverage To ensure that the Group has an appropriate funding structure at all times and is able to fulfil its financial obligations under its loan agreement, it is relevant to analyse net debt and leverage (defined as net debt divided by adjusted EBITDA on a rolling 12-month basis). The Group’s objective is to maintain a leverage of less than 3.0 times.
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 31 (33) Reconciliation of key performance indicators The following table shows a reconciliation between the calculated key performance indicators and the income statement and balance sheet. For a reconciliation of cash conversion, see page 21. Rolling Jan-Dec Reconciliation of adjusted key performance indicators (SEK m ) 2026 2025 2026 2025 12 mth. 2025 Operating profit (EBIT) 101 98 385 337 503 455 Amortisation and impairment of customer contracts and trademarks 8 15 24 43 37 56 EBITA 109 113 409 380 539 511 Items affecting comparability (Note 3) 40 21 77 63 106 92 Adjusted EBITA 149 134 486 443 646 603 Depreciation 77 74 224 226 304 307 Adjusted EBITDA 227 208 710 669 950 909 Income for the period 48 43 204 158 264 218 Amortisation and impairment of customer contracts and trademarks 8 15 24 43 37 56 Adjusted net profit 56 57 228 201 301 274 Jul-Sep Jan-Sep Rolling Jan-Dec Specification of net working capital (SEK m ) 2026 2025 2026 2025 12 mth. 2025 Accounts receivable 1,309 1,351 1,309 1,351 1,309 1,431 Other current assets, non-interest-bearing 540 464 540 464 540 390 Accounts payable -982 -907 -982 -907 -982 -901 Other current liabilities, non-interest-bearing -1,844 -1,890 -1,844 -1,890 -1,844 -1,832 Adjustment for accrued financial expenses 12 19 12 19 12 17 Net working capital -966 -963 -966 -963 -966 -895 Jul-Sep Jan-Sep Rolling Jan-Dec Specification of net debt (SEK m ) 2026 2025 2026 2025 12 mth. 2025 Borrowings 2,291 2,292 2,291 2,292 2,291 2,294 Lease liabilities 491 439 491 439 491 433 Provisions for pensions 33 31 33 31 33 32 Cash and cash equivalents -608 -438 -608 -438 -608 -385 Other financial non-current assets, interest-bearing -66 -29 -66 -29 -66 -34 Other current assets, interest-bearing -1 -1 -1 -1 -1 -1 Other 0 0 0 0 0 0 Net debt 2,140 2,294 2,140 2,294 2,140 2,339 Jul-Sep Jan-Sep
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 32 (33) Definitions Cost of services sold Costs which are directly related to the performance of the invoiced services, depreciation of property, plant and equipment, and amortisation of goodwill, customer contracts and trademarks. Items affecting comparability Items affecting comparability mainly comprise costs for integration of contracts and acquisitions as well as more extensive restructuring programmes. Items affecting comparability are included either in cost of services sold or selling and administrative expenses. EBITA Operating profit before amortisation of goodwill, customer contracts and trademarks. Adjusted EBITA Operating profit before amortisation of goodwill, customer contracts and trademarks, excluding items affecting comparability. Adjusted EBITDA Operating profit before depreciation of all property, plant and equipment and amortisation of all intangible assets, excluding items affecting comparability. Adjusted net profit Profit after tax excluding amortisation of goodwill, customer contracts and trademarks. Working capital Non-interest-bearing current assets less non-interest-bearing current liabilities at the balance sheet date. Net investments Investments in property, plant and equipment and intangible assets less consideration received on sale of property, plant and equipment and intangible assets. LTM Rolling 12 months/Last 12 months. FTE Number of employees on a full-time equivalent basis. Equal opportunities Gender distribution between men and women in managerial positions. Employee Motivation Index (EMI) Each year, Coor conducts a comprehensive employee survey with the help of an external research firm. Customer Satisfaction Index (CSI) Each year, Coor conducts a comprehensive customer survey with the help of an external research firm. NPS/eNPS Net Promoter Score (NPS/eNPS) is a standardised measurement of customer/employee loyalty. The result comprises the percentage share of customers/employees who graded the company at nine or ten points (ambassadors) less the percentage share of employees who graded the company at zero to six points (critics). Scope 1–3 Scope 1 encompasses all direct GHG emissions. For Coor, this includes emissions from the combustion of fossil fuels from vehicles and machinery. Scope 2 includes indirect emissions from energy use in the form of electricity, heating and cooling. Scope 3 includes all other indirect emissions from purchased goods and services, business travel, capital goods, investments, employee commuting, waste disposal, upstream transportation and distribution. Calculation of key performance indicators Net sales growth Change in net sales for the period as a percentage of net sales for the same period in the previous year. Organic growth Change in net sales for the period as a percentage of net sales for the same period in the previous year excluding acquisitions and foreign exchange effects. Acquired growth Net sales for the period attributable to acquired businesses, excluding foreign exchange effects, as a percentage of net sales for the same period in the previous year. EBITA margin EBITA as a percentage of net sales. Adjusted EBITA margin Adjusted EBITA as a percentage of net sales. Adjusted EBITDA margin Adjusted EBITDA as a percentage of net sales. Working capital/net sales Working capital at the balance sheet date as a percentage of net sales (rolling 12 months). Net debt Non-current and current interest-bearing assets less non-current and current interest- bearing liabilities including the fair value of related hedging instruments at the balance sheet date. Earnings per share Profit for the period attributable to shareholders of the parent company divided by average number of ordinary shares outstanding. Equity per share Equity at the end of the period attributable to shareholders of the parent company divided by the number of shares outstanding at the end of the period. Equity/assets ratio Consolidated equity and reserves attributable to shareholders of the parent company at the balance sheet date as a percentage of total assets at the balance sheet date. Cash conversion Adjusted EBITDA less net investments and adjusted for changes in working capital, as a percentage of adjusted EBITDA. Leverage/capital structure Net interest-bearing debt at the balance sheet date divided by adjusted EBITDA (rolling 12 months). TRIF (total recordable injury frequency) Total number of injuries multiplied by 1,000,000 divided by number of working hours. Injuries to and from the workplace are excluded. Scope 1 CO2 emissions – vehicle fleet Emissions of CO2 equivalents from purchased fuel for owned and leased machinery and vehicles are reported in absolute terms (tCO2eq). Scope 2 CO2 emissions – premises Emissions of CO2 equivalents from electricity, heating and cooling in the premises where Coor has operational control over its energy use are reported in absolute terms (tCO2eq). Scope 3 CO2 emissions – food and beverages Emissions of CO2 equivalents from purchased food as part of service deliveries of food and beverages (kgCO2eq/kg purchased food). Scope 3 CO2 emissions in the supply chain Total emissions from suppliers with science-based targets (for the reporting year) divided by the total emissions from purchased goods and services and upstream transportation and distribution (reporting year).
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COOR SERVICE MANAGEMENT HOLDING AB │INTERIM REPORT: JANUARY–SEPTEMBER 2026 33 (33) For further information For questions concerning the financial report, please contact CFO and IR Director Patrik Sjölund (+46 70 371 12 46). For questions concerning the operations or the company in general, please contact President and CEO Ola Klingenborg (+46 702 686 430) or Director of Communications Magdalena Öhrn (+46 10 559 55 19). More information is also available on our website: www.coor.com Invitation to press and analyst presentation On 22 October 2026 at 10:00 a.m. CEST, the company’s President and CFO will give a presentation on developments in the third quarter via a webcast. To participate, please register using the link below. The teleconference link may be used if you only wish to listen to the presentation or if you wish to ask a question verbally. If you do not want to ask any questions but want to view the presentation, use the webcast link. WebWebcast (to register for the web presentation without asking questions): Q3 Report 2026 Tele Teleconference (to register to listen to the presentation and to ask questions): Q3 Report 2026 Financial calendar 11 February 2027 21 April 2027 Year-End Report January–December 2026 Interim Report January–March 2027 23 April 2027 AGM 2027 15 July 2027 21 October 2027 Interim Report January–June 2027 Interim Report January–September 2027 This constitutes information which Coor Service Management Holding AB is required to publish under the EU Market Abuse Regulation. The information was submitted for publication through the above contact person on 22 October 2026 at 7:30 a.m. CEST.