Coor Extends Larger Agreement

Regulatory News:

Coor Service Management (STO:COOR)

One of Coor´s clients has chosen to extend its agreement with Coor Service Management (Coor) regarding delivery and development of a number of FM services to the client´s operations in Sweden. The contract consists of fixed subscription volumes just over SEK 60 m annually, plus potential additional variable assignment volumes. The contract spans over a period of two years with an option to extend the contract for a further two years.

After a long period of cooperation with Coor, the client has decided to extend the contract for a further contractual period. The services include workplace services and property services, such as real estate operations, building maintenance, external environment, cleaning, surveillance, mail management, reception, telephone switchboard and janitorial services.

"We are delighted of this extension. Our ambition is to continue to develop the services we deliver in close collaboration with the customer, so that they support their core business optimally” commented Mikael Stöhr, CEO and President of Coor Service Management.

The agreement is effective from January 1, 2016.

The information is disclosed pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication on October, 12, 2015 at 08:00 CET.

More information, press images etc. are available on www.coor.com.

Coor Service Management (Coor) is a leading provider of facility management services in the Nordics, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services (soft FM), property services (hard FM) and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including AB Volvo, Aibel, Det Norske Veritas, DR (Danish Radio), E.ON, Ericsson, EY, ICA, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Skanska, Statoil, TeliaSonera, Swedish Transport Administration, Vasakronan and Volvo Cars.

Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. At 30 June 2015 the company had 6,600 employees based mainly in Sweden, Denmark, Norway and Finland, and annual sales of SEK 7,300 million (rolling twelve-month basis). 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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