Strong start to the year.
CEO comment:
During the first months of the year, occupancy was favourable and we had good control over operations, which led to improved earnings and stronger cash flow. Stendi's earnings increased clearly year-on-year, supported by increased occupancy, price increases and operational improvements. It is gratifying to see how the positive trend in
The positive trend has also continued for Vardaga. The earnings growth is due to several factors, including increased occupancy and lower start-up costs for new facilities year-on-year. We also expanded the number of places under construction when Vardaga signed an agreement to open an additional nursing home in Gävle, Villa Hagaström, with 80 beds. The home will open in autumn 2026.
Organic growth and strong cash flow
Net sales rose 8 per cent to
First quarter January-March
- Net sales rose 8 per cent to
SEK 3,484 million (3,235). Organic growth was 8 per cent. -
EBITA was
SEK 279 million (216), representing a margin of 8.0 percent (6.7) . -
Operating profit (EBIT) totalled
SEK 256 million (191), representing a margin of 7.3 percent (5.9) . -
Profit for the period totalled
SEK 111 million (70). -
Earnings per share were
SEK 1.25 (0.77) before and after dilution. -
Cash conversion was 97.8 per
cent (72.9) . -
Free cash flow totalled
SEK 414 million (244).
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https://news.cision.com/ambea/r/ambea-s-interim-report-january--march-2024,c3972399
https://mb.cision.com/Main/5048/3972399/2775786.pdf
https://news.cision.com/ambea/i/ambea-vision-header-cision-eng-1440x500px,c3296245
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