Coor loses part of IFM contract with Equinor

Coor's agreement with Equinor in Norway consists of delivery of services to production sites, office sites and offshore. After performed tender process, Equinor has decided not to extend the office part of the contract when it expires in October 2021.

The contract value for the office sites is approximately SEK 500 M annually.

The production sites are not affected by this decision. The offshore part of the agreement was extended in March 2020.

For more information, images etc. please visit www.coor.com or contact:

Klas Elmberg, CFO and IR-director

+46 10 559 65 80

klas.elmberg@coor.com

AnnaCarin Grandin, President and CEO, Coor

+46 10 559 57 70

annacarin.grandin@coor.com

Magdalena Öhrn, Communications Director, Coor

+46 10 559 55 19

magdalena.ohrn@coor.com

This is information that Coor Service Management Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 16:00 CET on 12 January 2021.

As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers' service activities. This enables our customers to do what they do best.

Coor's customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, DNV-GL, E.ON, Ericsson, Equinor, ICA, NCC, "Danish Police,  Public Prosecution Authority and Prison and Probation Service", Saab, Sandvik, SAS, Telia Company, Swedish Transport Administration, Vasakronan and Volvo Cars.

Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. 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

Source: Cision
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