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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