Sweden · Delayed Price · Currency is SEK Attendo AB Earnings Call Transcripts
Fiscal Year 2026
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Strong underlying growth and margin improvement driven by higher occupancy and operational efficiency, despite reported sales decline from contract exits and FX. Cash flow and low leverage support continued investments, acquisitions, and share buybacks.
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A balanced, asset-light growth strategy is driving strong earnings and margin recovery, with new financial targets set for 2028. Operational excellence, digital innovation, and demographic trends underpin continued expansion in Finland and Sweden, supported by stable public-private partnerships.
Fiscal Year 2025
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Strong Q4 and full-year results driven by higher occupancy, operational efficiency, and margin uplift in both Finland and Scandinavia. Adjusted EPS rose ~50% year-over-year, with robust cash flow supporting continued investments, share buybacks, and a new EPS target of at least 9 SEK by 2028.
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Strongest quarter to date with 20% EBITDA growth, driven by Finnish operations and higher occupancy. Free cash flow and EPS surged, supporting share buybacks and new projects. On track to exceed 2026 EPS target this year.
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Sustainable growth achieved through new openings and acquisitions, with strong operational improvements in Finland and stable results in Scandinavia. Margins and cash flow improved, and the outlook remains positive, especially in Finland, despite FX and contract exit headwinds.
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Q1 saw 8% revenue growth and a 45% rise in lease-adjusted EBITDA, driven by acquisitions and operational improvements, especially in Finland. Margin and EPS gains are expected to continue, with a positive outlook for 2025 and ongoing capital returns to shareholders.
Fiscal Year 2024
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Achieved strong financial and operational improvements in 2024, with net sales up 10% in Q4 and adjusted EPS surpassing SEK 4 per share. Integration of Team Olivia and efficiency gains in Finland drove profitability, while active capital allocation supported shareholder returns.
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Q3 saw 9% sales growth and a 21% rise in adjusted EBITDA, driven by the Team Olivia acquisition and operational gains. Customer satisfaction outperformed public sector benchmarks, and the company expects further margin and occupancy improvements, especially in Finland and Denmark.
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Q2 2024 saw 12% sales growth, strong cash flow, and improved profitability, driven by the Team Olivia acquisition and operational gains in Scandinavia and Finland. EPS target set at SEK 5.50 by 2026, with continued share buybacks and stable debt levels.