Strong quarter with favourable growth.
CEO comment:
Despite troubling international events, demand for our services remains favourable and our employees continue to deliver high-quality care to our care receivers. During the first quarter of the year, the focus was on growth and we completed several acquisitions, opened new residential facilities and started large management contracts.
Occupancy continues to increase in our nursing homes and we opened three new units in Vardaga during the quarter, two of which were dormant during the pandemic. Both
Net sales rose 13 per cent to
It has been an intense start to the year with a continued pandemic and high sick leave rates, but also many start-ups and acquisitions. Due to the hard work of our employees, their focus on our care receivers and the company's strong operative leadership, we were able to meet the challenges. Moreover, we are all distressed and concerned about the war in
Despite troubling international events, we are looking forward to the rest of the year with confidence and to creating enough secure and sustainable care for everyone together with our clients.
First quarter January - March
- Net sales rose 13 per cent to
SEK 3,080 million (2,727). Organic growth was 6 per cent, acquired growth was 5 per cent and the exchange rate effect was 2 per cent -
Operating profit (EBIT) totalled
SEK 167 million (125) -
EBITA rose 28 per cent to
SEK 195 million (152), representing a margin of 6.3 percent (5.6) -
Profit for the period totalled
SEK 66 million (46) -
Earnings per share were
SEK 0.70 (0.49) before and after dilution -
Cash conversion was 75.8 per
cent (77.5) -
Free cash flow totalled
SEK 193 million (172)
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The quarterly earnings report and associated presentation will be available on www.ambea.com
This disclosure contains information that
For more information, contact:
E-mail: ir@ambea.se
Telephone: +46 (0)10 33 00 501
E-mail: press@ambea.se
https://news.cision.com/ambea/r/ambea-s-interim-report-january--march-2022,c3559570
https://mb.cision.com/Main/5048/3559570/1574021.pdf
https://news.cision.com/ambea/i/ambea-vision-header-cision-eng-1440x500px,c3045581
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