Q1 2026 Humana AB Earnings Call Transcript
Key Points
- Humana AB (FRA:47H) has seen improved occupancy rates in its adult, elderly, and child and youth care segments in Sweden.
- The company completed the acquisition of Familiehjelpgruppen in Norway, adding NOK120 million in annual revenue.
- Humana AB has been recognized for the fourth time as the most sustainable brand within the care and healthcare sector in Sweden.
- The efficiency program in Sweden is beginning to show positive effects on margins, with an increase from 4.3% to 4.6%.
- The company has signed new contracts for elderly care and LSS group homes, expected to add SEK140 million in yearly revenues.
- There was a year-over-year net revenue decrease of SEK450 million, primarily due to the divestment of the Finnish elderly care segment and currency exchange headwinds.
- The company is facing legal proceedings in Norway concerning overtime compensation, which could potentially impact financials.
- Organic growth for the quarter was negative at minus 0.5%, indicating challenges in expanding the customer base.
- Temporary costs impacted the quarter's EBIT, amounting to SEK7 million, affecting profitability.
- The Finnish segment experienced a decline in margins due to startup costs and depreciation harmonization, impacting overall financial performance.
Good morning and welcome to Humana's Q1 presentation. With me today, I have our CEO, Natalie Boulas Nilsson and our CFO, Christoffer Herou. They will walk you through Humana's development in the first quarter and after that, we open up for questions.
And with that, I leave the word to Nathalie. Please go ahead.
Thank you. We will give you a short introduction, followed by financials and operational performance. We will then wrap it up with concluding remarks and open up for questions. Humana is a Nordic care provider with a high degree of specialized care. We have a well-diversified portfolio of services in the Nordic countries, with Sweden being the largest market, followed by Norway and then Finland.
As regards our Q1 highlights, we are expecting, executing on our plan to reach our financial targets and we have in Q1 seen that the efficiency program, that to a large extent targets the Swedish market as well as the new sales and marketing organizations are beginning to show on
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