Q1 2025 Ambea AB (publ) Earnings Call Transcript
Key Points
- Ambea AB (STU:6MA) successfully closed the acquisition of Validia, expanding its presence to Finland and becoming the only care provider with a strong presence in all four largest Nordic countries.
- The company reported a 5% increase in net sales, driven by 4% organic growth and 1.9% acquired growth.
- Group EBITA rose by 10%, reaching a margin of 8.4%, indicating strong financial performance.
- Altiden Denmark showed significant profitability improvements with higher occupancy and operational enhancements.
- Ambea AB (STU:6MA) introduced a new AI-based recruitment tool in Vardaga, streamlining the hiring process and allowing managers to focus more on care and leadership.
- Nytida experienced a decrease in EBITDA due to occupancy challenges within the Individual & Family Care segment.
- Stendi reported a 2% decrease in net sales in SEK, although it increased by 1% in local currency.
- Klara faced a 5% decrease in net sales due to weak demand for staffing services.
- The company experienced negative currency effects of minus 1.5%, impacting overall growth.
- The pipeline of care places decreased slightly compared to the previous quarter due to newly opened units.
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Thank you so much, and welcome, everyone. Today, we will review Ambea's performance for the first quarter of 2025. My name is Mark Jensen, I'm CEO of Ambea, and I'm joined by our CFO, Benno Eliasson. Together, we will walk you through our results and highlights and the key developments during this period. After that, I will summarize the quarter and compare Ambea's performance 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. And with the market entry in Finland, we offer high-quality care and support for over 16,000 care receivers across more than 1,000 units in the four largest Nordic countries.
And with that in mind, let's look at the acquisition of the Finnish business and Validia. The acquisition of Validia was closed according to plan on April 1. Validia will be reported as a new business area and be consolidated in Ambea's accounts with full effect in the second
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