Sweden's Attendo Q3 sales and EBITA beat estimates
Sweden's Attendo Q3 sales and EBITA beat estimates
Overview
Sweden-based care provider's Q3 sales rose 3.1%, beating analyst expectations
Q3 EBITA margin improved to 14.4%, beating analyst expectations
Adjusted EPS for Q3 rose to SEK 2.93 from SEK 2.39
Outlook
Company did not provide specific financial guidance for the current qtr or full year in its press release
Result Drivers
EFFICIENCY IMPROVEMENTS - Co attributed strong results to several years of systematic work to improve quality and strengthen operations
TECHNOLOGY AND WORK PRACTICES - Co cited better ways of working supported by technology as contributing to improved financial performance
OCCUPANCY RATE - Co reported occupancy in homes rose to 88% from 87% a year earlier
Company press release: ID:nMFN41HK6X
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | SEK 4.91 bln | SEK 4.18 bln (3 Analysts) |
Q3 Adjusted EPS |
| SEK 2.93 |
|
Q3 EPS |
| SEK 2.68 |
|
Q3 Net Income |
| SEK 381 mln |
|
Q3 EBITA | Beat | SEK 706 mln | SEK 677.30 mln (3 Analysts) |
Q3 Free Cash Flow |
| SEK 375 mln |
|
Q3 Organic Growth |
| 1.30% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 Attendo AB (publ) is SEK135.00, about 20.2% above its November 5 closing price of SEK112.30
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
Nov 4 - Sweden's Ambea Q3 sales rise on higher occupancy, operational improvements
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Nov 5 - Chartwell Q3 FFO per unit rises on higher occupancy, rate gains
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.)