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DEDI — Dedicare AB (publ) News Story

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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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