Coor News

Financial update for the fourth quarter and complementary action program with cost savings of approximately SEK 120 million

2025-01-14 15:35

Coor expects the turnover for the fourth to be approximately 2-3% lower compared to the previous year's fourth quarter and the group's margin is expected to land between 3.1%-3.3% (5.1%). Cashflow generation for the full year 2024 is expected to land on approximately 60%. This is due to that the fourth quarter has been characterised by operational challenges within both the Swedish and Danish businesses which together negatively affect the result. Coor is therefore complementing the ongoing action program with a simplified and unified organization that is planned to provide cost savings of approximately SEK 120 million. Our goal is still to reach our target margin level of 5.5% in 2026.

Coor extends Nordic IFM agreement with PostNord

2025-01-10 09:00

Coor extends Nordic IFM agreement with PostNord. The assignment will have an annual contract value of some SEK 155 M. The contract is for a period of two years and includes an option to extend it for a further two years.

The Nomination Committee proposes Mikael Stöhr as the new Chair of the Board of Coor

2025-01-07 09:00

The Nomination Committee has today informed Coor that the Chair of the Board Mats Granryd has decided not to stand for re-election to Coor's Board at the 2025 Annual General Meeting, and that the Nomination Committee proposes Mikael Stöhr as new Chair of the Board.

Peter Viinapuu appointed Acting President and CEO of Coor

2024-11-27 16:15

Peter Viinapuu will be taking up the position of Acting President and CEO of Coor on 1 December 2024. Peter Viinapuu replaces AnnaCarin Grandin, who is taking on new challenges outside Coor.

AnnaCarin Grandin will leave the position as President and CEO of Coor

2024-11-11 19:55

After more than four years as President and CEO, AnnaCarin Grandin will leave Coor to take on new challenges outside the company. The Board of Directors will now initiate the process of recruiting a successor. AnnaCarin Grandin will remain in her current position until a replacement is appointed or no later than 10 May 2025.

Coor extends IFM agreement with Borealis

2024-11-07 08:30

Coor extends the agreement with Borealis by signing a new 3-year agreement for IFM services. The agreement starts January 1, 2025. The collaboration has also been expanded to include several new services.