contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


coor-successful-deleveraging-allows-higher-payout-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Coor Service Management Holding is a Nordic provider of facility management services. The company provides a wide range of comprehensive services within the business area and includes cleaning, workplace service, telephony, and customer services, as well as other services and advice. The customers are mainly found among larger corporate customers, as well as institutions. The company's head office is located in Kista.

Coor Service Management Holding

* Q3 report due 23 October; we cut '25e-'27e EPS by ~2%* We expect further margin and cash flow recovery...* ...while organic growth should remain muted, but positiveQ3e: +1% organic growth,...

* Q3 report due 23 October; we cut '25e-'27e EPS by ~2%* We expect further margin and cash flow recovery...* ...while organic growth should remain muted, but positiveQ3e: +1% organic growth, +5% adj. EBITA y-o-yWe expect that Q3e will follow the same themes as Q2, with continued margin and cash flow improvements but muted organic growth. The organic growth remains muted in Sweden (-2%) and Denmark (-3%) on the back of slower customer intake and a few churning customers. On the other hand, we expect Norway to continue its strong trend (+12%), due to new customers and high project volumes (mainly in the energy/gas sector). This translates to +1% organic growth on group level, vs. +3% in Q2 and 0% in Q3'24. We expect SEK 127m adj. EBITA, +5% y-o-y, for a margin of 4.3% (4.1%). We fine-tune our estimates and trim EPS by ~2% for '25e-'27e.Lowered gearing allows for higher dividendsAfter very weak cash generation in connection with the profit warning and weak profitability in Q4'24, Coor's cash generation has started to bounce back. The cash conversion in H1'25 was unusually high, and we expect continued good momentum in H2e, with 100% conversion from EBITA to free cash flow in Q3e. As such, we expect the LTM free cash flow to improve to SEK 300m in Q3e, up from SEK 0m in Q4'24. For the full year 2025e, we expect close to SEK 500m FCF. This in turn should allow Coor to increase the dividends or initiate share buybacks, as we also expect the gearing to be more reasonable again (2.5x in Q4'25e vs 3.4x in Q4'24). A return to historical DPS (SEK 4.8), would correspond to a yield of 10%.Valuation gap to peers has narrowedWe note that the share has traded up with the Nordic service sector this year, but also that the valuation gap has narrowed. Based on FactSet consensus NTM EBITA, Coor trades ~10% below Nordic service peers. On our estimates for 2026, Coor trades fairly in line with peers on EV/EBITA and P/E. We reiterate our fair value range of SEK 35-80 per share.