Attendo AB (publ) (ATT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and good morning everyone. Today we present Attendo's results for the second quarter. I will start by giving a general update on the development in the quarter, then our CFO Mikael Malmgren will take you through the financials in more detail. First let me just give a brief backdrop to Attendo for new listeners. Founded 40 years ago, Attendo is one of the early pioneers in Nordic care. Today, we're the largest care operator in the Nordics, operating close to 800 care units, serving 28,000 customers across Finland, Sweden, and Denmark. Our mission is to provide a better and more appreciated care for our customers at the lower cost of society compared to public sectors on care operations. Next slide, please. In the second quarter, we continue to deliver in line with our strategy for sustainable growth with new openings in all markets combined with Bolton acquisitions in attractive segments. During the quarter, we open new care homes in both Finland, Sweden and Denmark, taking rolling 12 month new openings up to more than 400 new beds. With the announcement of our acquisition of the disabled care company Främja in Sweden earlier in the quarter, we're now already above our annual EBITDA growth plan of adding at least 2% EBITDA through new capacity and another 2% through acquisitions. Topline sales were down slightly compared to last year, mainly due to weaker euro, ended outsourcing and home care contracts in Scandinavia, and slightly lower pricing in elderly care in Finland, following the lower staffing requirements since the start of the year. From the underlying business, we still see healthy growth of around 4% compared to last year. Our release adjusted EBITDA continued to improve in the quarter up by 26%, or 42 million to 205 million SEK. Earnings were dri...