Brief: Attendo Expects Increased Costs Of About SEK 200 Mln Related To Operations In Finland In 2019

Attendo AB (publ)

27/03/2019 17:47

March 27 (Reuters) - Attendo AB (publ)  ATTE.ST :
    * ATTENDO EXPECTS INCREASED COSTS OF APPROXIMATELY SEK 200M
RELATED TO THE OPERATIONS IN FINLAND, AN EFFECT OF NEW
REQUIREMENTS AND AN ACTION PROGRAM TO FURTHER STRENGTHEN THE
CUSTOMER SATISFACTION
    * SEES INCREASED COSTS OF APPROXIMATELY SEK 200 MILLION IN
2019
    * ATTENDO AB- CO TODAY LAUNCHING AN ACTION PROGRAMME AIMED
TO
FURTHER STRENGTHEN QUALITY, EMPLOYEE ENGAGEMENT AND CUSTOMER
EXPERIENCE IN FINLAND
    * COST INCREASE WILL TO A LARGE EXTENT IMPACT RESULT ALREADY
DURING Q1
    * SAYS COMPANY IS ALSO ADJUSTING ITS RATE OF NEW UNIT
OPENINGS IN
FINLAND DOWNWARDS, WHICH GIVES A POSITIVE MARGIN EFFECT FROM
2020
    * ONGOING REVIEW OF CARE FOR OLDER PEOPLE IN FINLAND COULD
LEAD TO
A NUMBER OF CHANGES AFTER APRIL ELECTION
    * ESTIMATES POSSIBILITY OF PRICE ADJUSTMENTS TO COMPENSATE
FOR
INCREASED COSTS AS LIMITED DURING CURRENT YEAR

Source text for Eikon:  ID:nWkr7DDWZk 
Further company coverage:  ATTE.ST 

 ((Reuters.Briefs@thomsonreuters.com;))