Brief: Attendo Q4 EBITA Rises To SEK 193 Mln

Attendo AB (publ)

10/02/2021 07:05

Feb 10 (Reuters) - Attendo AB (publ)  ATTE.ST :
    * IN A CHALLENGING QUARTER, DEVELOPMENT REMAINED POSITIVE IN
FINLAND AND WAS STABLE IN SCANDINAVIA. ATTENDO PRESENTS NEW
FINANCIAL TARGETS FOR 2023.
    * MOVING INTO 2021, WE EXPECT CONTINUED EFFECTS ON SALES
DURING Q1
AND WE ENTER 2021 WITH LOW OCCUPANCY IN SWEDISH OPERATIONS
    * AS VACCINATION PROGRAMME PROGRESSES, WE EXPECT CUSTOMER
INFLOW
TO GRADUALLY NORMALISE DURING YEAR
    * EXTRAORDINARY COSTS FOR PPE AND OTHER DIRECT COSTS RELATED
TO
PANDEMIC ARE EXPECTED TO BE COVERED BY GOVERNMENT SUPPORT
SCHEMES.
    * TARGET IS ADJUSTED EARNINGS PER SHARE OF SEK 4 OR BETTER
BY
2023.
    * NEXT FEW YEARS WILL BE A PERIOD OF PROFIT GROWTH LINKED TO
CHANGES IN FINLAND, AN IMPROVED OPERATIONAL MODEL, ORGANIC
GROWTH WITHIN CURRENT AND PLANNED CAPACITY AND MINOR
ACQUISITIONS.
    * Q4 NET SALES AMOUNTED TO SEK 3,065M (3,054)
    * Q4 OPERATING PROFIT (EBITA)* AMOUNTED TO SEK 193M (139),
CORRESPONDING TO AN OPERATING MARGIN OF 6.3 PERCENT (4.6)
    * BOARD OF DIRECTORS IS PROPOSING NO DIVIDEND FOR 2020
FINANCIAL
YEAR.

Source text for Eikon:  ID:nWkrqWFx2 
Further company coverage:  ATTE.ST 

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