Sales growth and continued favourable demand for elderly care.
CEO comment:
During the year,
Toward the end of the year, the impact of the ongoing pandemic once again increased. Despite the high level of community transmission, I can safely say that the incidence of severe illness in our units is very rare. In elderly care, all care receivers have been offered a third vaccine dose in good time, which has effectively reduced the risk of severe outcomes. This is obviously gratifying, because it provides security for our care receivers, their loved ones and our employees.
In the fourth quarter, net sales rose 8 per cent to
During the quarter Stendi was informed that the
In 2022, our efforts to improve margins will continue, while also seeking complementary acquisitions and opening new residential facilities. Finally, I would like to address all of the care receivers, loved ones and clients who have been in contact with
Fourth quarter October-December
- Net sales rose 8 per cent to
SEK 2,988 million (2,764). Acquired growth was 4 per cent, exchange rates had a positive impact of 2 per cent on growth, and organic growth was 2 per cent. -
Operating profit (EBIT) totalled
SEK 37 million (174). -
EBITA declined 66 per cent to
SEK 69 million (200), representing a margin of 2.3 percent (7.3) . -
Adjusted EBITA, which excluded items affecting comparability of
SEK -145 million , rose 7 per cent toSEK 214 million (200). -
The adjusted EBITA margin was 7.2 per
cent (7.3) . -
Loss for the period totalled
SEK -37 million (profit: 93) -
Loss per share was
SEK -0.39 (earnings: 0.98) before and after dilution. -
Free cash flow totalled
SEK 410 million (466).
Full-year January-December
- Net sales rose 4 per cent to
SEK 11,478 million (11,083). Acquired growth was 2 per cent and organic growth 2 per cent. -
Operating profit (EBIT) totalled
SEK 598 million (717). -
EBITA declined 14 per cent to
SEK 712 million (829), representing a margin of 6.2 percent (7.5) . -
Adjusted EBITA, which excluded items affecting comparability of
SEK -145 million (-50), declined 3 per cent toSEK 857 million (879). The adjusted EBITA margin was 7.5 percent (7.9) . -
Profit for the period totalled
SEK 237 million (359). -
Earnings per share were
SEK 2.51 (3.80) before and after dilution. -
Cash conversion was 95.7 per
cent (103.3) . -
Free cash flow totalled
SEK 1,139 million (1,270). -
The Board proposes a dividend of
SEK 1.15 (1.15) per share for 2021
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