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Attendo AB (publ) (ATTE.ST)

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Latest Key Developments (Source: Significant Developments)

Attendo Q2 EBITA At SEK 121 Million
Friday, 19 Jul 2019 

July 19 (Reuters) - Attendo AB (publ) ::ATTENDO'S REPORT FOR THE SECOND QUARTER 2019:CHALLENGES IN FINLAND PRESSURES PROFITABILITY.Q2 NET SALES INCREASED BY 9 PERCENT DURING QUARTER TO SEK 2,990M.Q2 ORGANIC GROWTH FROM OWN HOMES REMAINS POSITIVE, WHILE WE ARE SEEING A DECLINE IN OUTSOURCING..Q2 OPERATING PROFIT (EBITA) AMOUNTED TO SEK 121M, IN LINE WITH FORECAST WE ISSUED IN MID-JUNE.FIRST HALF OF YEAR HAS BEEN VERY CHALLENGING FOR ATTENDO'S FINNISH OPERATIONS, WHICH IS NOT LEAST VISIBLE IN Q2.ATTENDO SCANDINAVIA IS SHOWING A STEADY DEVELOPMENT..LOWER RESULT IS MAINLY EXPLAINED BY STRUCTURAL COST INCREASES AND CHALLENGES RELATED TO RAPID GROWTH IN FINNISH OPERATIONS.  Full Article

Attendo Profit Forecast For Second Quarter 2019 And A Comprehensive Action Programme
Wednesday, 19 Jun 2019 

June 18 (Reuters) - Attendo AB (publ) ::ATTENDO: PROFIT FORECAST FOR THE SECOND QUARTER 2019 AND A COMPREHENSIVE ACTION PROGRAMME INCLUDING STRENGTHENING OF MANAGEMENT TEAM IN FINLAND.ATTENDO EXPECTS AN OPERATING PROFIT OF APPROXIMATELY SEK 120 MILLION DURING Q2 OF 2019.FORECAST FOR Q2 REFLECTS ONGOING PROFIT RUN-RATE AND DOES NOT INCLUDE NON-RECURRING ITEMS.EXPECTS LOWER PROFITS THAN FINANCIAL MARKETS EXPECTATIONS IN Q2, MAINLY DUE TO LOWER SALES GROWTH FROM NEW CARE BEDS IN FINLAND.COMPANY CONTINUES TO REDUCE NUMBER OF NEW ESTABLISHMENTS.EXPANSION PACE HAS ALSO ENTAILED LARGE NEGATIVE EFFECTS ON PROFIT AND HAS BEEN CHALLENGING FOR FINNISH ORGANISATION.RECRUITING A NEW BUSINESS AREA DIRECTOR AND A NEW FINANCIAL DIRECTOR FOR FINLAND.  Full Article

Attendo Q4 EBITA Falls To SEK 98 Million
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Attendo AB (publ) ::Q4 NET SALES INCREASED BY 15 PERCENT TO SEK 2,818M (2,457).Q4 OPERATING PROFIT (EBITA) AMOUNTED TO SEK 98M (188).PROPOSES DIVIDEND OF SEK 0.60 PER SHARE.HIGH RATE OF OPENINGS WILL CONTINUE IN 2019 AND 2020.PREDICTS A GOOD PROFIT GROWTH DURING COMING YEARS.ATTENDO - GIVEN ONGOING EXPANSION AND EXPECTED LOWER CONTRIBUTION FROM OUTSOURCING, SEES POSSIBILITIES TO INCREASE MARGINS FROM EXISTING LEVEL TO BE LIMITED DURING THIS PERIOD.OPERATING PROFIT IN THE FOURTH QUARTER WAS REDUCED BY INCREASED PROVISIONS OF SEK 60M REFERRING TO DISCONTINUING OPERATIONS AND OPERATIONS EXPECTED TO BE LOSS-MAKING IN COMING PERIODS.  Full Article

Attendo Q2 operating profit falls
Thursday, 26 Jul 2018 

July 26 (Reuters) - Attendo AB (publ) ::ATTENDO AB (PUBL) Q2 NET SALES INCREASED BY 25 PERCENT TO SEK 2,743M (2,189).ATTENDO AB (PUBL) Q2 OPERATING PROFIT (EBITA) AMOUNTED TO SEK 128M (186).  Full Article

Terveystalo To Acquire Attendo's Healthcare Operations In Finland
Thursday, 17 May 2018 

May 17 (Reuters) - TERVEYSTALO OY ::REG-TERVEYSTALO PLC: TERVEYSTALO TO ACQUIRE ATTENDO'S HEALTHCARE OPERATIONS IN FINLAND.COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE LATE 2018,.WOULD ACQUIRE ATTENDO'S FINNISH HEALTHCARE OPERATIONS FOR AN ENTERPRISE VALUE OF EUR 233 MILLION.AGREED PRICE REPRESENTS A MULTIPLE OF 13.3X ENTERPRISE VALUE / 2017 ADJUSTED EBITA, AND 10.6X INCLUDING RUN-RATE SYNERGIES.TARGETED COST SYNERGIES OF APPROXIMATELY EUR 5 MILLION PARTICULARLY FROM PROCUREMENT.  Full Article

Attendo divests its healthcare operations in Finland
Thursday, 17 May 2018 

May 17 (Reuters) - Attendo AB (publ) ::ATTENDO DIVESTS ITS HEALTHCARE OPERATIONS IN FINLAND.ATTENDO AB (PUBL) SAYS ENTERPRISE VALUE OF TRANSACTION IS EUR 233 MILLION.SAYS THE COMBINED NET SALES IN 2017 WERE APPROXIMATELY EUR 230 MILLION WITH A CONTRIBUTION TO ATTENDO’S OPERATING PROFIT (EBITA) OF APPROXIMATELY EUR 20 MILLION.  Full Article

Terveystalo Says Evaluates Possible Acquisition Of Attendo's Finnish Healthcare Operations As A Strategic Alternative
Friday, 11 May 2018 

May 11 (Reuters) - Terveystalo Oy ::TERVEYSTALO PLC EVALUATES POSSIBLE ACQUISITION OF ATTENDO'S FINNISH HEALTHCARE OPERATIONS AS A STRATEGIC ALTERNATIVE.  Full Article

Attendo Appoints Martin Tivéus As New President And CEO
Thursday, 12 Apr 2018 

April 12 (Reuters) - Attendo AB (publ) ::ATTENDO APPOINTS MARTIN TIVÉUS AS NEW PRESIDENT AND CEO.SAYS TIVÉUS WILL TAKE UP HIS ROLE AS CEO OF ATTENDO ON 1 SEPTEMBER.SAYS PERTTI KARJALAINEN WILL REMAIN ACTING CEO OF ATTENDO UNTIL MARTIN TIVÉUS TAKES UP ROLE.  Full Article

Attendo says long-time CEO Borelius to leave firm
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Attendo AB (Publ) :Henrik Borelius has decided to leave his position as CEO after 17 years at Attendo.Says ‍board of directors has initiated process of appointing a successor​.Says Borelius will continue as CEO in Attendo during his termination period until may 2018.Says Borelius will remain as a board member until the Annual General Meeting 2018​.  Full Article

Attendo Q3 EBITA just lags expectations​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Attendo AB (Publ) :Q3 ‍net sales increased by 7 percent to SEK 2,741m (2,568)​.Q3 ‍adjusted for currency effects net sales increased by 7 percent​.Q3 ‍operating profit (EBITA) amounted to SEK 337m (340), representing an operating margin of 12.3 percent (13.2)​.Reuters poll: Attendo Q3 sales were seen at SEK 2,843 million, EBITA seen at 345 million.  Full Article