Brief: Attendo Q2 EBITA At SEK 121 Million

Attendo AB (publ)

19/07/2019 07:09

July 19 (Reuters) - Attendo AB (publ)  ATTE.ST :
    * ATTENDO'S REPORT FOR THE SECOND QUARTER 2019:CHALLENGES IN
FINLAND PRESSURES PROFITABILITY
    * Q2 NET SALES INCREASED BY 9 PERCENT DURING QUARTER TO SEK
2,990M
    * Q2 ORGANIC GROWTH FROM OWN HOMES REMAINS POSITIVE, WHILE
WE ARE
SEEING A DECLINE IN OUTSOURCING.
    * Q2 OPERATING PROFIT (EBITA) AMOUNTED TO SEK 121M, IN LINE
WITH
FORECAST WE ISSUED IN MID-JUNE
    * FIRST HALF OF YEAR HAS BEEN VERY CHALLENGING FOR ATTENDO'S
FINNISH OPERATIONS, WHICH IS NOT LEAST VISIBLE IN Q2
    * ATTENDO SCANDINAVIA IS SHOWING A STEADY DEVELOPMENT.
    * LOWER RESULT IS MAINLY EXPLAINED BY STRUCTURAL COST
INCREASES
AND CHALLENGES RELATED TO RAPID GROWTH IN FINNISH OPERATIONS

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

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