Attendo AB (publ) (ATT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, and good morning, everyone. Today, we present Attendo's results for the first quarter. As usual, we will focus on the key drivers behind our performance, our operational progress and how we continue to execute on our strategy. I will start by giving a general update on the development in the quarter, then our CFO Mikael Malngrin will take you through the financials in more detail. Next slide please. So let me start with the key highlights from the quarter. We continue to see positive development in both Finland and Scandinavia, driven by higher occupancy, stable quality indicators and improved operational efficiency. While reported net sales decreased slightly, underlying growth in continuing operations remained at around 5%. The delta is fully explained by ended outsourcing and home care contracts in Sweden, as well as currency effects. Profitability improved significantly, with lease adjusted EBITDA increasing by around 40% to SEK $326,000,000. The comparison quarter last year was affected by the transition to the 0.6 staffing requirements in Finland that came into effect January first last year, and this means that this quarter's results in our Finnish operations reflects a normalized run rate, based on current staffing ratios. In Scandinavia, we continued to improve earnings according to plan. Adjusted earnings per share continued to increase and we delivered a strong free cash flow of SEK211 million, supporting continued investments in new capacity. During the quarter, we opened two new disabled care units with 12 new places. Overall, this is a quarter where we clearly see the effects of the actions taken during the past year, coming through both margins and cash flow. By continuing to develop quality of care and adding new care capacity to society, w...