Brief: Attendo Profit Forecast For Second Quarter 2019 And A Comprehensive Action Programme

Attendo AB (publ)

18/06/2019 20:27

June 18 (Reuters) - Attendo AB (publ)  ATTE.ST :
    * ATTENDO: PROFIT FORECAST FOR THE SECOND QUARTER 2019 AND A
COMPREHENSIVE ACTION PROGRAMME INCLUDING STRENGTHENING OF
MANAGEMENT TEAM IN FINLAND
    * ATTENDO EXPECTS AN OPERATING PROFIT OF APPROXIMATELY SEK
120
MILLION DURING Q2 OF 2019
    * FORECAST FOR Q2 REFLECTS ONGOING PROFIT RUN-RATE AND DOES
NOT
INCLUDE NON-RECURRING ITEMS
    * EXPECTS LOWER PROFITS THAN FINANCIAL MARKETS EXPECTATIONS
IN Q2,
MAINLY DUE TO LOWER SALES GROWTH FROM NEW CARE BEDS IN FINLAND
    * COMPANY CONTINUES TO REDUCE NUMBER OF NEW ESTABLISHMENTS
    * EXPANSION PACE HAS ALSO ENTAILED LARGE NEGATIVE EFFECTS ON
PROFIT AND HAS BEEN CHALLENGING FOR FINNISH ORGANISATION
    * RECRUITING A NEW BUSINESS AREA DIRECTOR AND A NEW
FINANCIAL
DIRECTOR FOR FINLAND

Source text for Eikon:  ID:nWkr1TKpj 
Further company coverage:  ATTE.ST 

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