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ATT Attendo AB (publ) News Story

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Sweden's Attendo Q4 posts revenue beat helped by increased occupancy

Overview

Nordic care firm's Q4 revenue beat analyst expectations despite a slight yr/yr decline

Q4 EBITA rose significantly, beating analyst estimates

Company updated financial target to achieve adjusted EPS of at least SEK 9 by 2028

Outlook

Attendo targets adjusted EPS of at least SEK 9 by 2028

Company plans 800 new beds to expand capacity

Result Drivers

HIGHER OCCUPANCY - Attendo reported increased occupancy in its homes, reaching 88% compared to 85% in the previous year

STAFFING PLANNING - Improved staffing planning contributed to Attendo's positive results for the quarter

EXPANSION PLANS - Attendo plans to add 800 new beds to meet growing care needs, as stated by CEO Martin Tivéus

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 SalesBeatSEK 4.80 blnSEK 4.75 bln (4 Analysts)
Q4 Adjusted EPSSEK 1.65
Q4 EPSSEK 1.75
Q4 Net IncomeSEK 259 mln
Q4 EBITABeatSEK 494 mlnSEK 429.05 mln (4 Analysts)
Q4 Free Cash FlowSEK 482 mln
Q4 Organic Growth0.10%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 SEK97.50, about 7.5% above its February 4 closing price of SEK90.70 The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago Press Release: ID:nMFN288NbD 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.)

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