Sweden's Dedicare Q2 sales rise, partly on WeCare acquisition
Sweden's Dedicare Q2 sales rise, partly on WeCare acquisition
Overview
Sweden-based healthcare staffing firm's Q2 net sales rose 10% yr/yr, organic growth 5.3%
Q2 EBITA margin widened to 5.0% from 3.7%
Profitability gains driven by stable markets, rationalisation and WeCare acquisition
Outlook
Company did not provide specific financial guidance for upcoming quarters or the full year in the press release
Result Drivers
STABLE MARKETS - Co said more stable market conditions contributed to improved organic growth and profitability in Q2
RATIONALISATION MEASURES - Co attributed improved profitability to rationalisation measures executed during the quarter
WECARE ACQUISITION - Co said acquisition of WeCare made a positive contribution, especially in Denmark
Company press release: ID:nWkr5TYqtt
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 387 mln |
|
Q2 Net Income |
| SEK 13.60 mln |
|
Q2 EBIT |
| SEK 17.30 mln |
|
Q2 EBITA |
| SEK 19.40 mln |
|
Q2 EBITA Margin |
| 5.00% |
|
Q2 EBIT Margin |
| 4.50% |
|
Analyst Coverage
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago
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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