Edition:
India

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. 

Company Quote

40.92
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17 Jul 2019