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HUM — Humana AB News Story

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Corrected: Sweden's Humana Q2 revenue, adjusted operating profit rise

CORRECTED-Sweden's Humana Q2 revenue, adjusted operating profit rise

Corrects headline to remove errant comma and add dropped word "operating"


Overview

  • Sweden-based care provider's Q2 net revenue rose 3% yr/yr, organic growth was -0.3%

  • Adjusted operating profit for Q2 rose 6%, but company reported a net loss for the period

  • Company completed divestment of Strängnäs elderly care home, resulting in a capital loss


Outlook

  • Humana says demand for care services for individuals with functional disabilities remains strong

  • Humana did not provide specific quantitative guidance for the current or future periods in the press release


Result Drivers

  • PROFITABILITY IMPROVEMENTS - Co said profitability improved in Sweden and Finland

  • EXPANSION ACTIVITIES - Co opened new units and signed rental agreements, mainly for services for individuals with functional disabilities

  • SUSTAINABILITY INITIATIVES - Co linked loans to sustainability targets as part of operational priorities


Company press release: ID:nMFN3wT6WY


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

SEK 2.58 bln

SEK 2.53 bln (2 Analysts)

Q2 Net Income

-SEK 9 mln

Q2 Adjusted Operating Profit

SEK 81 mln

Q2 Operating Profit

SEK 44 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 Humana AB is SEK52.00, about 17.9% below its July 16 closing price of SEK63.30

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 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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