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

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. 

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Magdalena Öhrn

Communications Director
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Andreas Engdahl

CFO & IR-director

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