* Signs major IFM contract with Entra in Norway * Adds ~10% to Norway sales, ~2% on group * The contract should be margin-accretive
ANNONS
On the right track for scalable growth
Coor announced this morning that it has signed a new IFM contract with Entra in Norway, with an annual value of SEK 275m. This is one of the largest IFM contracts this year in the Norwegian market and builds on Coor's strong momentum in Norway. Starting in Q2 2027, the contract corresponds to ~10% of Norway sales in 2028 or ~2% of group. The contract includes major regions like Oslo and Bergen, and management told us that it does not need to add overhead cost which means that the margin profile should be attractive. It also adds further diversification from the more volatile oil and gas business in Norway. Including scale benefits, we estimate potential upside of 2-4% to 2028 consensus EBITA. This provides further evidence that the company is on the right track back to scalable growth after the restructuring carried out by the new management over the last year.
