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Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Hälsovård |
| Industri | Vård & Omsorg |
Continued growth and stronger financial position.
CEO comment:
The second quarter was characterised by events such as acquisitions, integrations and contract management wins. During the period Nytida continued to win management contracts, while Vardaga sustained a positive trend of increased occupancy in elderly care. In Altiden, we acquired two social care companies, which will further strengthen our position in Denmark. In Norway, we divested and handed back elderly care units, which is a key step for increasing the focus and improving margins for Stendi. I would like to thank all of our employees who are delivering high-quality and effective care every day. Their commitment and knowledge forms the basis for our business and creates the trust we receive from care receivers, their family members and our clients.
Increased net sales and earnings
In the second quarter, net sales rose 10 per cent to SEK 3,143 million (2,851). EBITA was SEK 229 million (146), corresponding to 7.3 per cent (5.1). Earnings were positively impacted by non-recurring effects, while the effect of higher costs due to inflation was negative. A strong cash flow is contributing to reduced indebtedness and stronger financial position.
- Net sales rose 10 per cent to SEK 3,143 million (2,851). Organic growth was 6 per cent, acquired growth was 3 per cent and the exchange rate effect was 1 per cent.
- Operating profit (EBIT) totalled SEK 202 million (119).
- EBITA rose 57 per cent to SEK 229 million (146), representing a margin of 7.3 per cent (5.1).
- Profit for the period totalled SEK 86 million (37).
- Earnings per share were SEK 0.91 (0.39) before and after dilution.
- Cash conversion was 139.3 per cent (133.6).
- Free cash flow totalled SEK 603 million (371).
Telephone conference
In connection to the announcement, Ambea will host a telephone conference at 10:00 (CET) today. The presentation will be held in English and also available as webcast on www.ambea.com or direct link: https://edge.media-server.com/mmc/p/ny5zzajx
To ensure that you are connected to the conference call, please dial in at least ten minutes before the start of the conference call to register your attendance. Code for registration: 14 26 30 15 #.
Dial-in numbers (new numbers):
Sweden: +46 (0)8 566 42 651
United Kingdom: +44 333 300 0804
United States: +1 63 19 131 422
The quarterly earnings report and associated presentation will be available on www.ambea.com
This disclosure contains information that Ambea is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 18-08-2022 07:00 CET.