Q4 2024 Ambea AB (publ) Earnings Call Transcript
Key Points
- Ambea AB (FRA:6MA) achieved a 7% increase in net sales for Q4 2024, driven by increased occupancy and new acquisitions.
- The company reported a 20% growth in EBITA, with a margin improvement to 9.5%, reflecting strong operational performance.
- Ambea AB (FRA:6MA) successfully integrated four new acquisitions in 2024, expanding its footprint in the Swedish social care sector.
- The company celebrated the graduation of 28 Ukrainian employees as certified care assistants, enhancing its workforce.
- Ambea AB (FRA:6MA) maintained a strong cash flow, allowing for strategic investments, dividend payments, and share buybacks.
- Klara, one of Ambea AB (FRA:6MA)'s business areas, experienced a 9% decrease in net sales due to weak demand for staffing services.
- The company faced occupancy challenges within the individual and family care segment, impacting earnings.
- Growth in Vardaga is expected to slow down in the first half of 2025 due to fewer new openings.
- Ambea AB (FRA:6MA) is dealing with cost inflation pressures, particularly in salary and rental agreements.
- The company anticipates lower growth pace in Vardaga due to fewer openings in the previous year.
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Welcome everyone. Today, we will review Ambea's performance for the fourth quarter of 2024. My name is Mark Jensen, I'm CEO of Ambea and I'm joined by our CFO Benno Eliasson. Together we'll walk you through our results and highlight the key developments during this period. After that, I will summarize the quarter and compare to our financial targets before we open for questions.
I would like to begin with a brief overview of Ambea. Ambea remains the leading care provider in Sweden, Norway, and Denmark, offering high quality care and support for over 15,000 care receivers across 980 units.
We are delivering care across a wide spectrum of services including elderly care, disability care, and psychosocial support. Our competency-based approach ensures that every person receives high quality personalized care.
Let's go straight to some of the important achievements within care quality. Quality ultimately arises in the interaction between our care receivers and our employees. We always want to
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