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AMBEA — Ambea publ AB News Story

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Sweden's Ambea Q3 sales rise on higher occupancy, operational improvements

Sweden's Ambea Q3 sales rise on higher occupancy, operational improvements


Overview

  • Sweden care provider's Q3 net sales rose 8% yr/yr to SEK 4,447 mln

  • Adjusted EPS for Q3 rose to SEK 4.86 from SEK 3.83 yr/yr

  • Company completed Humana acquisition after quarter end


Outlook

  • Company sees growing demand for care services across the Nordic region

  • Ambea expanding capacity to address anticipated future care needs

  • Company has started integrating Humana acquisition, aiming for operational synergies


Result Drivers

  • HIGHER OCCUPANCY - Co said increased occupancy rates across operations drove earnings growth

  • STAFFING EFFICIENCY - Co said improved staffing efficiency contributed to profitability, notably in Nytida and Stendi

  • ACQUISITIONS - Co said acquisitions, including Validia and Humana, supported growth and expansion


Company press release: ID:nWkr8J9Sgl


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Slight Miss*

SEK 4.45 bln

SEK 4.49 bln (2 Analysts)

Q3 EBIT

SEK 619 mln

Q3 EBITA

SEK 645 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the healthcare facilities & services peer group is "buy."

  • Wall Street's median 12-month price target for Ambea publ AB is SEK216.50, about 16.6% above its November 3 closing price of SEK185.60

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Nov 3 - LTC Properties Q3 revenue surges on SHOP acquisitions

  • Nov 3 - Omega Healthcare Investors Q3 AFFO rises, full-year guidance raised

  • Nov 3 - Senior care provider InnovAge's Q1 revenue beats as participants increase


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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