FULLTEXT DEL 1 AV 1
Kvartalsrapport Q1 2026
===== SIDA 1 =====
Interim report
Q1 • JANUARY - MARCH 2026
===== SIDA 2 =====
Attendo | Interim report January - March 2026 2
Highlights
• Continued positive development in both our business areas
driven by increased occupancy and operational efficiency
• Strong profit and occupancy development in Finland
• Development in line with plan in Scandinavia with higher
earnings and growth in continuing operations of 7 percent
• Continued strong cash flow
-2%
Net sales growth1
+39%
Growth lease adj. operating
profit (EBITA)
6.47SEK
Adjusted earnings per
share, R12
88%
Occupancy
1 See further definitions of performance measures and alternative performance measures on pages 25-26. Note that all EBITA measures are excluding items affecting comparability.
===== SIDA 3 =====
Attendo | Interim report January - March 2026 3
Summary
First quarter January - March 2026
• Net sales amounted to SEK 4,664m (4,742), equivalent to a change of -1.6 per-
cent, of which organic growth was 0.4 percent. Growth in continuing operations,
excluding ended contracts and contract with decision of close down, divested op-
erations, as well as currency effects, was 5.2 percent.
• Lease adjusted operating profit (EBITA) amounted to SEK 326m (234), corre-
sponding to a margin of 7.0 percent (4.9).
• Operating profit (EBITA) amounted to SEK 470m (381), corresponding to an op-
erating margin of 10.1 percent (8.0).
• Profit for the period amounted to SEK 195m (132). Diluted earnings per share
were SEK 1.33 (0.87). Adjusted earnings per share after dilution amounted to
SEK 1.58 (1.14).
• Free cash flow to firm1 increased by SEK 161m to SEK 211m (50).
• The number of beds in Attendo's homes at the end of the period was 20,980
(21,091). Occupancy in homes was 88 percent (86).
Group key figures
1 See further definitions of performance measures and alternative performance measures on pages 25-26. Note that all EBITA measures are
excluding items affecting comparability.
2 Profit for the period attributable to the parent company shareholders excluding amortization and impairment of acquisition-related intangible
assets, items affecting comparability related to divestments or strategic close downs, IFRS 16 and related tax effects divided by the average
number of shares outstanding after dilution.
Jan-Dec
SEKm 2026 2025 Δ% 2025
Net sales 4,664 4,742 -2 18,991
Lease adjusted operating profit (EBITA)¹ 326 234 39 1,263
Lease adjusted operating margin (EBITA)¹, % 7.0 4.9 - 6.7
Operating profit (EBITA)¹ 470 381 24 1,872
Operating margin (EBITA)¹, % 10.1 8.0 - 9.9
Profit for the period 195 132 47 813
Earning per share diluted, SEK 1.33 0.87 53 5.42
Adjusted earnings per share diluted¹ʼ ², SEK 1.58 1.14 39 6.03
Free cash flow to firm¹ 211 50 322 1,179
Lease adjusted net debt /
lease adjusted EBITDA 1.1x 1.8x - 1.1x
Q1
===== SIDA 4 =====
Attendo | Interim report January - March 2026 4
CEO’S STATEMENT
Attendo continues to deliver according to plan
We started 2026 with a strong first quarter and continued positive development in both of our business areas. Underlying grow th was solid, and we are seeing clear results
from the improvement initiatives implemented during 2025. Our focus on quality in every individual care interaction, combined with increased occupancy and higher
operational efficiency, contributes to improved results and strong cash flow. Overall, we are strengthening our position as p art of the solution to society’s care needs.
During the quarter, we experienced good occupancy development in
both business areas. Reported sales amounted to SEK 4,664 million
(4,742), and growth in the continuing core operations before cur-
rency effects was 5.2 percent. Lease adjusted operating profit
(EBITA) amounted to SEK 326 million (234), primarily driven by
higher occupancy and improved operational efficiency. Free cash
flow to firm was strong and amounted to SEK 211 million (50). Ad-
justed earnings per share after dilution increased by 39 percent to
SEK 1.58 (1.14). During the quarter, the share buyback program
continued according to plan, with repurchases corresponding to ap-
proximately two million shares.
The results in the first quarter confirm the strength of our strategy
and our ability to continuously develop and improve the quality of
our care, which drives increased profitability. We are delivering ac-
cording to plan while also taking steps to further strengthen the
business going forward.
Continued strong performance in Finland
Earnings increased during the quarter, primarily driven by improved
occupancy and operational efficiency. The comparable quarter in
2025 was affected by the adjustment to new staffing requirements,
meaning that this year’s result reflects a more normalized cost level.
The collective bargaining process in Finland was concluded during
the period. The new salary levels represent an increase of 3.5 per-
cent and will take effect on 1 September 2026, as in the previous
year, followed by a further increase of 2.7 percent from 1 September
2027.
Occupancy increased compared with both the previous quarter and
the previous year, driven by systematic relationship-building with
welfare regions, increased inflow of new care recipients, and ad-
justed capacity. At the same time, we are optimizing operations by
discontinuing units in less attractive areas. During the quarter, we
completed an acquisition that strengthens our position in care for
people with disabilities in the Helsinki area.
In 2026, we plan to open approximately 410 new care places in Fin-
land and to take over a number of homes currently operated in the
public sector. As early as the second quarter, several new nursing
homes will become operational to meet the growing demand for
care.
Earnings continue to improve in Scandinavia
In Scandinavia, we are delivering according to plan with a clear im-
provement in margins. Earnings development is driven by higher oc-
cupancy in our own operations, improved staffing planning, and ad-
justments to central costs, for example within support functions. We
also continue to show strong underlying revenue growth of 7 percent
excluding terminated and expiring contracts.
Occupancy increased compared with both the previous quarter and
the previous year. In addition to better operational planning, this
provides a stable foundation for continued improvements.
We continue the strategic review of contracts where long-term sus-
tainable terms are absent. The effect of ended contracts is gradually
decreasing and has less impact on results compared with previous
periods.
In Scandinavia, we opened two units within disabled care with 12
places during the quarter. We plan to open a total of approximately
72 places in 2026, with the remaining openings planned toward the
end of the year.
Attendo is part of the solution as society’s care needs
increase
Society’s need for care is increasing, and we are well positioned to
continue to contribute to more care for more people together with
Finnish welfare regions and Swedish and Danish municipalities. I
would like to extend a sincere thank you to our talented employees
who make a meaningful difference in people’s everyday life.
By developing quality and adding capacity, we are part of the solu-
tion to todays and future care challenges. This is how we create
long-term value — in every individual care interaction and for
society as a whole.
Martin Tivéus, President and CEO
===== SIDA 5 =====
Attendo | Interim report January - March 2026 5
JANUARY - MARCH 2026
Group
Net sales
Net sales decreased by 1.6 percent to SEK 4,664m (4,742) in the
quarter. Adjusted for currency effects, net sales increased by 1.3
percent, of which organic growth amounted to 0.4 percent, and net
change due to acquisitions and divestments amounted to 0.9 per-
cent. Organic growth is explained by higher net sales in Attendo Fin-
land. Ended outsourcing and home care contracts in Attendo Scandi-
navia affected growth negatively. Growth in continuing operations,
excluding ended contracts and contract with decision of close down,
divested operations, as well as currency effects, was 5.2 percent.
Operating profit
Lease adjusted operating profit (EBITA) was SEK 326m (234), corre-
sponding to a margin of 7.0 percent (4.9). Profits and margins in-
creased in both business areas, but the increase is mainly attributa-
ble to the development in Attendo Finland. IFRS16 related effects
on operating profit (EBITA) amounted to SEK 145m (147). Currency
effects amounted to SEK -4m. Operating profit (EBITA) was SEK
470m (381) and the operating margin 10.1 percent (8.0). Currency
effects amounted to SEK -17m. Operating profit (EBIT) was SEK
445m (356), equivalent to an operating margin (EBIT) of 9.5 percent
(7.5). The change is explained by the same factors described above.
Net financial items
Net financial items amounted to SEK -198m (-189) in the quarter, of
which net interest expenses corresponded to SEK -24m (-31). Inter-
est expenses related to lease liability in real estate in accordance
with IFRS 16 amounted to SEK -164m (-173).
Taxes
Income tax amounted to SEK -52m (-35), corresponding to a tax
rate of 21.0 percent (20.7).
Profit for the period and earnings per share
Profit for the period amounted to SEK 195m (132), equivalent to
basic earnings per share for parent company shareholders of SEK
1.34 (0.87) and diluted of SEK 1.33 (0.87). Adjusted earnings per
share after dilution amounted to SEK 1.58 (1.14) in the quarter and
R12 to SEK 6.47.
Cash flow
Operating cash flow before net investments amounted to SEK 250m
(102). Changes in working capital were SEK 37m (-104). Net invest-
ments in fixed assets amounted to SEK -39m (-52). Free cash flow
to firm amounted to SEK 211m (50).
Cash flow from operations was SEK 628m (488). Cash flow from in-
vesting activities amounted to SEK -42m (-177). Repurchase of
shares amounted to SEK -202m (-162). During the quarter, the net
change in bank loans was SEK -490m (-50). Cash flow from financ-
ing activities amounted to SEK -1,102m (-608). Total cash flow
amounted to SEK -515m (-297).
Financial position
Equity attributable to shareholders in the parent company amounted
to SEK 5,453m (5,230) as of 31 March 2026, corresponding to SEK
37.33 (34.37) per share after dilution. Net debt amounted to SEK
15,072m (16,183). Lease adjusted net debt excluding lease liability
real estate amounted to SEK 1,788m (2,281).
Interest-bearing liabilities amounted to SEK 15,833m (16,696) as of
31 March 2026. Cash and cash equivalents as of 31 March 2026
were SEK 733m (502) and Attendo had SEK 2,000m (1,300) in unu-
tilized credit facilities. Lease adjusted net debt / lease adjusted
EBITDA amounted to 1.1x (1.8x). Net debt / EBITDA amounted to
3.9x (4.6x).
Beds and occupancy
The total number of beds in operation in homes at the end of the
quarter was 20,980 (21,091). Occupancy in homes at the end of the
quarter was 88 percent (86). The number of beds in own operations
under construction was 931, distributed among 20 homes.
LEASE ADJUSTED OPERATING PROFIT (EBITA)1 PER
QUARTER (SEKM)
NET SALES AND LEASE ADJUSTED OPERATING MARGIN
(EBITA)1 (SEKM), R12
ADJUSTED EARNINGS PER SHARE (SEK), R12
163
402
225205
482
343
234
326
Q2 Q3 Q4 Q1
2024 2025 2026
0.0%
2.0%
4.0%
6.0%
8.0%
0
5,000
10,000
15,000
20,000
25,000
Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Net sales Lease adj. EBITA margin
4.63 4.81 5.34
6.03 6.47
Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
1 Excluding items affecting comparability.
===== SIDA 6 =====
Attendo | Interim report January - March 2026 6
Cash Flow in Summary
(alternative performance measure)
Net Debt
(alternative performance measure)
Jan-Dec
SEKm 2026 2025 LTM 2025
Operating profit (EBITDA)¹ 956 866 3,912 3,822
Rent payments real estate, of which
Interest expense for lease liabilities (IFRS16) -164 -173 -671 -680
Amortization of lease liabilities (IFRS16) -410 -396 -1,627 -1,613
Operating profit (EBITDA) after premise rent payments 383 297 1,614 1,529
Paid income tax and non-cash items -170 -91 -172 -93
Changes in working capital 37 -104 76 -65
Operating cash flow before net investments
Net investments -39 -52 -179 -192
Free cash flow to firm 211 50 1,340 1,179
Interest received/paid -31 -10 -159 -138
Net borrowings -490 -50 -230 210
Free cash flow to equity -310 -10 951 1,251
Other items -205 -287 -689 -770
Total cash flow -515 -297 262 480
¹ Excluding items affecting comparability.
Q1
SEKm 2026 2025 2026 2025
Interest-bearing liabilities and provisions 2,522 2,783 15,805 16,685
Cash and cash equivalents -733 -502 -733 -502
Net debt 1,788 2,281 15,072 16,183
Net debt / EBITDA¹ 1.1x 1.8x 3.9x 4.6x
¹ Excluding items affecting comparability.
² Excluding lease liabilities of real estate.
Lease adjusted² Reported
31 Mar
Free Cash Flow to Firm, R12
(alternative performance measure)
Lease adjusted net debt
(alternative performance measure)
0
200
400
600
800
1,000
1,200
1,400
Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Free Cash Flow to Firm R12, SEKm
0.0
0.5
1.0
1.5
2.0
2.5
3.0
0
500
1,000
1,500
2,000
2,500
Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Net Debt, SEKm Net Debt / EBITDA, times
===== SIDA 7 =====
Attendo | Interim report January - March 2026 7
SUSTAINABILITY
Sustainable care
Non-financial key figures
During the first quarter of 2026, Attendo continued the process of
developing science-based climate targets. These targets will be
communicated during 2026.
Attendo works systematically and purposefully with sustainability.
Every quarter, we report the latest key figures in order to present the
outcomes of our work. cNPS and eNPS are updated in Q2 and Q4,
while rNPS and pSAT are updated in Q4. The NPS figures at the bot-
tom of the page refer to Q4 2025.
It is important that our financial result is combined with high and
stable satisfaction in our prioritised stakeholder groups. Satisfaction
among care recipients, relatives, employees, and purchasers re-
mained at a consistently high level in 2025. The next measurement
will be presented in Q2 2026.
Quality audits and deviations
Attendo has strict procedures for handling deviations in the care op-
erations. This includes procedures for reporting, managing and fol-
lowing up on any deviations from internal guidelines or working
methods, as well as serious incidents that have led to or risked lead-
ing to care related injuries for individuals (Lex Sarah and Lex Maria in
Sweden).
SCANDINAVIA
During the quarter, a total of 8 cases (5 in Q1 2025) from Sweden
were reported to the supervisory authority IVO according to Lex Sa-
rah or Lex Maria.
FINLAND
As of 2026, the key metric ‘open cases with the supervisory author-
ity Regional State Administrative Agencies (AVI)’ will be replaced by
‘the number of deviations identified during inspection visits carried
out by the Wellbeing Services Counties (WFR) and the National Su-
pervisory Authority for Welfare and Health (LVV)’.
As a result of changes in supervisory practices following the estab-
lishment of the Finnish wellbeing services counties in 2023, respon-
sibility for supervision has gradually shifted from AVI to WFR and
LVV. The new key metric reflects all reported deviations from in-
spections during the reporting period, unlike the previous metric,
which only showed open cases with the supervisory authority AVI.
Reports of deviations provide a basis for follow-up and improvement
work. A deviation is regarded as a quality insight leading to correc-
tive action and should not be equated with serious incidents that re-
sult in Lex Maria or Lex Sarah reports, which are reported within the
Scandinavian business area. The total number of deviations identi-
fied during inspection visits carried out by WFR and LVV amounted
to 20 at the end of the quarter.
Customer satisfaction
cNPS (-100 to +100)
48
(45)
Payor satisfaction
(pSAT)*
4/5
(4/5)
Relatives satisfaction
rNPS (-100 to +100)
51
(44)
Number of customers (000)
receiving care from Attendo
27.0
(29.4)
New beds opened in
own units, R12
261
(486)
Employee satisfaction
eNPS (-100 to +100)
21
(23)
* A group-wide survey during Q4 of payors’ views of Attendo, where payors were asked about their satisfaction with Attendo as a partner in general and in specific areas. The response rate to the survey was relatively low, which affects the ability to draw definitive conclusions.
===== SIDA 8 =====
Attendo | Interim report January - March 2026 8
BUSINESS AREA
Finland
Continued strong profit and occupancy development. The comparison
quarter was affected by adjustment to lower staffing requirements. The
Finnish collective bargaining process was finalized during the period and
salary increases will amount to 3.5 percent as of 1 September 2026.
January - March 2026
Net sales in Attendo Finland amounted to SEK 2,693m (2,745), corresponding to a change of -1.9 per-
cent. Adjusted for currency effects, net sales increased by 3.0 percent. The increase is explained by
growth in mainly care for older people. Growth in continuing operations, excluding individual and family
operations that were divested in the fourth quarter 2025 and currency effects was 4.0 percent.
Occupancy increased both compared to the previous quarter and the comparison quarter, affected by a
systematic relationship building in the welfare regions, with increased customer inflow and adjusted ca-
pacity.
Lease adjusted operating profit (EBITA) was SEK 254m (189) and the margin was 9.4 percent (6.9). In-
creased profits are explained by higher occupancy and better operational efficiency in care for older peo-
ple. The new law stipulating lower staffing requirements was effective as of 1 January 2025 and the ad-
justment to the new level was gradual throughout the comparison quarter.
IFRS16 related effects on operating profit (EBITA) amounted to SEK 85m (89). Currency effects
amounted to SEK -4m.
Operating profit (EBITA) amounted to SEK 339m (278) and the operating margin (EBITA) amounted to
12.6 percent (10.1). Currency effects amounted to SEK -17m.
The Finnish collective bargaining process was finalized during the quarter and the salary level entails an
increase of 3.5 percent as of 1 September 2026 and an additional 2.7 percent by next salary review in
2027.
Attendo started the construction of one nursing home with 59 beds and the number of own beds under
construction by the end of the quarter amounted to 645 beds. Attendo has also signed rental agreements
for an additional 182 beds.
NET SALES AND OPERATING PROFIT
LEASE ADJUSTED OPERATING MARGIN (EBITA), R12
NET SALES BY SERVICE OFFERING IN THE QUARTER, %
Jan-Dec
SEKm 2026 2025 2025
Net sales 2,693 2,745 11,100
Lease adjusted operating profit (EBITA)¹ 254 189 994
Lease adjusted operating margin (EBITA)¹, % 9.4 6.9 9.0
Operating profit (EBITA)¹ 339 278 1,363
Operating margin (EBITA)¹, % 12.6 10.1 12.3
¹ Excluding items affecting comparability.
Q1
5.6% 5.8% 6.5% 7.0% 7.5% 8.1% 8.9% 9.6%
Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Lease adjusted EBITA margin¹
75
9
10
6
Care for older people
Disabled care
Social psychiatry
Other (Meal svcs., etc.)
===== SIDA 9 =====
Attendo | Interim report January - March 2026 9
BUSINESS AREA
Scandinavia
Scandinavia continues to develop according to plan with clear profit
improvement. The improvement is explained by higher occupancy, better
operational efficiency and adjustments of central functions. In continuing
operations net sales growth was 7 percent and the margin 5 percent.
January - March 2026
Net sales in Attendo Scandinavia amounted to SEK 1,972m (1,997), representing a change of -1.3 per-
cent including currency effects and -1.1 percent excluding. The decrease is explained by ended outsourc-
ing and home care contracts. Net sales increased in own homes. Growth in continuing core operations, i.e.
operations excluding outsourcing and home care contracts that have ended or with a decision of closing,
amounted to 7.0 percent.
Occupancy in homes was higher than in the previous quarter as well as in the comparison quarter. The
increase is explained by more sold beds and closing of homes.
Lease adjusted operating profit (EBITA) amounted to SEK 93m (68), corresponding to a margin of 4.7
percent (3.4). The profit increase is explained by improved profits in own homes due to higher occupancy
and better operational efficiency, as well as lower costs for central functions. Profits were negatively af-
fected by lower profits in home care, partly due to weaker result in contracts under close down. The mar-
gin in continuing operations amounted to 5.0 percent (3.5).
IFRS16 related effects on operating profit amounted to SEK 60m (58). Operating profit (EBITA)
amounted to SEK 152m (126), corresponding to an operating margin (EBITA) of 7.7 percent (6.3). Cur-
rency effects had no material effect on profits.
During the quarter Attendo opened two homes with in total 12 beds. Attendo ended outsourcing con-
tracts and closed a few smaller own homes with in total some 100 beds. Construction started for one
nursing home with 80 beds and the number of own beds under construction amounted to 286 at the end
of the quarter. Attendo has also signed rental agreements for an additional 238 beds. Attendo ended
home care operations in three municipalities during the quarter.
Attendo won during the quarter outsourcing contracts not yet started for three disabled care homes with
estimated annual sales of SEK 20m.
NET SALES AND OPERATING PROFIT
LEASE ADJUSTED OPERATING MARGIN (EBITA), R12
NET SALES BY SERVICE OFFERING IN THE QUARTER, %
Jan-Dec
SEKm 2026 2025 2025
Net sales 1,972 1,997 7,891
Lease adjusted operating profit (EBITA) 93 68 358
Lease adjusted operating margin (EBITA), % 4.7 3.4 4.5
Operating profit (EBITA) 152 126 598
Operating margin (EBITA), % 7.7 6.3 7.6
Q1
3.8% 4.0% 3.8% 4.0% 3.9% 4.0%
4.5% 4.9%
Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Lease adjusted EBITA margin
69
21
10 0
Care for older people
Disabled care
Individual and family care and social psychiatry
Other
===== SIDA 10 =====
Attendo | Interim report January - March 2026 10
Development in continuing operations
Attendo Scandinavia has during and after the comparison quarter ended a number of contracts in out-
sourcing and home care, and a number of contracts are decided to be ended. These contracts have large
effect on net sales, but limited effect on profits. In order to clarify how the continuing operations de-
velop, Attendo has decided to present the information in the table below.
Ended or decided ending outsourcing or home care contracts refer to contracts that have ended during or
after the comparison quarter up until the closing of the first quarter 2026, as well as contracts where a
decision has been made on ending, but which at the end of the first quarter 2026 still was operated by
Attendo. Outsourcing and home care contracts for which no decision yet has been made on ending, as
well as all own operations are included in continuing operations.
SEKm Q1 2026 Q1 2025 Change Change %
Net sales 1,972 1,997 -25 -1.3
Ended or decided ending outsourcing or home
care contracts 67 215 -148 -68.8
Continuing operations 1,905 1,781 124 7.0
Lease adjusted operating profit (EBITA) 93 68 25 36.8
Ended or decided ending outsourcing or home
care contracts -2 6 -8 -133.3
Continuing operations 95 62 33 53.2
Lease adjusted operating margin (EBITA), % 4.7 3.4 1.3 -
Ended or decided ending outsourcing or home care
contracts -3.4 2.8 -6.2 -
Continuing operations 5.0 3.5 1.5 -
Scandinavia
===== SIDA 11 =====
Attendo | Interim report January - March 2026 11
Operational data
Finland
Scandinavia
Customers and beds
Q1 25 Q2 25 Q3 25 Q4 25 Q1 26Number of beds in homes in operation¹
Number of beds in homes in operation¹ 14,417 14,544 14,562 14,420 14,431
Occupancy in homes¹, % 86 85 86 87 87
Number of opened beds² 67 26 62 89 -
New beds opened in own units, R12² 305 184 231 244 177
Number of beds, construction start in the
quarter² 30 192 76 285 59
Number of beds under construction² 222 374 388 583 645
Number of beds, signed leases² 222 427 352 241 182
Number of home care customers 505 575 575 582 607
Outsourcing: net of decided end/start not yet in
force, SEKm - - - - -
¹ All homes.
² Own homes.
Q1 25 Q2 25 Q3 25 Q4 25 Q1 26Number of beds in homes in operation¹
Number of beds in homes in operation¹ 6,674 6,739 6,843 6,639 6,549
Occupancy in homes¹, % 87 87 88 89 89
Number of opened beds² 62 66 6 - 12
New beds opened in own units, R12² 181 247 141 134 84
Number of beds, construction start in the
quarter² 6 66 60 86 80
Number of beds under construction² 84 84 132 218 286
Number of beds, signed leases² 232 172 172 210 238
Number of home care customers 7,629 6,201 5,919 5,918 5,433
Outsourcing: net of decided end/start not yet in
force, SEKm -108 -245 -306 -227 -165
¹ All homes.
² Own homes.
===== SIDA 12 =====
Attendo | Interim report January - March 2026 12
Other information
Acquisitions and divestments
During the quarter, Attendo made a smaller acquisition in Finland.
Number of shares
The total number of shares amounts to 151,196,126.
Attendo's holding of own shares amounted to 6,784,473 shares,
which means that the number of outstanding shares on 31 March
2026 amounted to 144,411,653.
During the first quarter of 2026, Attendo repurchased 2,110,858
shares as part of the repurchase programme carried out during the
period 3 November 2025 to 4 February 2026 and the programme
between 11 February 2026 and 5 May 2026.
Number of employees
The average number of annual employees in the first quarter was
20,952 (21,636).
Related party transactions
Transactions with related parties are described in the annual report.
Related-party transactions take place on market terms. There were
no significant transactions with related parties during the period.
The parent company, Attendo AB (publ)
The business of the parent company is to provide services to the
subsidiaries and manage shares in subsidiaries. The company’s ex-
penses relate mainly to executive salaries, directors’ fees and costs
for external consultants.
Net sales for the period January - March amounted to SEK 6m (4),
and were entirely related to services provided to subsidiaries. The
loss for the period after financial items amounted to SEK -16m (-19).
At the end of the period, cash and cash equivalents amounted to
SEK 20m (21), shares in subsidiaries to SEK 6,494m (6,494) and
non-restricted equity SEK 6,142m (6,134).
Seasonal and calendar effects
Attendo’s profitability is affected by factors including seasonal varia-
tions, weekends and national public holidays. For Attendo, public
holidays and weekends have a negative effect on profitability mainly
due to wage compensation for unsocial working hours. For example,
profitability is affected by Easter in either the first or second quarter,
depending on the quarter in which Easter falls, while the first and
fourth quarters are affected by the Christmas and New Year’s holi-
days.
Roundings
Note that roundings occur in text, charts and tables.
Significant events after the reporting period
Attendo Finland has signed an agreement with A-klinikkasäätiö (A-
Clinic Foundation) to acquire A-klinikka Oy, a provider specializing in
substance abuse and addiction treatment services. Attendo Finland
has also signed an agreement for a small acquisition within care for
people with disabilities.
On 28 April, Attendo’s share buyback program, which was an-
nounced on 5 February 2026, resulted in Attendo’s holding of own
shares exceeded 5 percent.
Risks and uncertainties
Attendo works systematically with risk assessment and manage-
ment as a central part of Attendo's strategic process, where risks in
relation to the company's ability to achieve its strategic and financial
goals are evaluated in a structured and regular manner.
The main risks that may affect the company's ability to achieve its fi-
nancial and strategic objectives in the short to medium term are
negative impact of strained public finances on local decisions on
care, and that price adjustments do not fully compensate increased
costs or is received with delay. The risks and how Attendo works to
manage them are described in more detail in Attendo's annual re-
port (see section Risks and risk management in the Annual Report
for 2025, pages 36-38).
===== SIDA 13 =====
Attendo | Interim report January - March 2026 13
Accounting principles
The group applies International Financial Reporting Standards (IFRS) and interpretations from IFRIC, as
adopted by the European Union, the Swedish Financial Reporting Board’s standard RFR 1 Supplementary
Accounting Rules for Groups and related interpretations issued by The Swedish Corporate Reporting
Board, and the Swedish Annual Accounts Act.
This interim report has been prepared according to IAS 34 Interim Financial Reporting and the Swedish
Annual Accounts Act and should be read together with the annual report for 2025. The most significant
accounting policies under IFRS, the reporting norm applied in preparing this interim report, are set forth
in Note C1 on pages 86-89 of the annual report for 2025, which were applied to the preparation of this
interim report.
The interim information on pages 1-12 is an integrated part of this financial report. The parent company’s
financial statements are prepared in accordance with the Swedish Annual Accounts Act and the Swedish
Financial Reporting Board’s recommendation, RFR 2 Accounting for Legal Entities.
The interim report has not been reviewed by the company’s auditors.
This interim report is a translation of the Swedish report.
Outlook
Attendo does not publish forecasts.
Danderyd, 6 May 2026
Martin Tivéus
President and CEO
===== SIDA 14 =====
Financial statements
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Attendo | Interim report January - March 2026 15
Consolidated Income Statement
Consolidated Comprehensive Income
Jan-Dec
SEKm 2026 2025 2025
Net sales 4,664 4,742 18,991
Other operating income 8 7 34
Total revenue¹ 4,672 4,749 19,025
Personnel costs -2,969 -3,093 -12,155
Other external costs -747 -789 -3,048
Operating profit before amortization and depreciations
(EBITDA)¹
956 866 3,822
Amortisation and depreciation of tangible and intangible
assets
-486 -485 -1,949
Operating profit after depreciation (EBITA)¹ 470 381 1,872
Operating margin (EBITA)¹, % 10.1 8.0 9.9
Amortisation and write-down of acquisition related intangible
assets
-25 -24 -101
Operating profit (EBIT)¹ 445 356 1,772
Operating margin (EBIT)¹, % 9.5 7.5 9.3
Items affecting comparability - - 46
Operating profit (EBIT) 445 356 1,818
Operating margin (EBIT), % 9.5 7.5 9.6
Net financial items -198 -189 -795
Profit before tax 247 167 1,023
Income tax -52 -35 -210
Profit for the period 195 132 813
Profit margin, % 4.2 2.8 4.3
Profit for the period attributable to:
Parent company shareholders 195 132 813
Basic earnings per share, SEK 1.34 0.87 5.45
Diluted earnings per share, SEK 1.33 0.87 5.42
Average number of shares outstanding, basic, thousands 145,201 151,458 149,241
Average number of shares outstanding, diluted, thousands 146,058 152,150 150,046
¹ Excluding items affecting comparability.
Q1
Jan-Dec
SEKm 2026 2025 2025
Profit for the period 195 132 813
Other comprehensive income for the period
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit pension plans, net of tax -2 0 12
Items that may be reclassified to profit or loss
Exchange rate differences on translating foreign operations
attributable to the parent company shareholders
-28 -74 -84
Other comprehensive income for the period -30 -74 -72
Total comprehensive income for the period 164 58 741
Total comprehensive income attributable to:
Parent company shareholders 164 58 741
Q1
===== SIDA 16 =====
Attendo | Interim report January - March 2026 16
Consolidated Balance Sheet
SEKm 31 Mar 2026 31 Mar 2025 31 Dec 2025
ASSETS
Non-current assets
Goodwill 8,111 7,987 8,073
Other intangible assets 572 640 602
Equipment 611 629 612
Right-of-use assets 11,744 12,441 11,908
Financial assets 414 420 405
Total non-current assets 21,452 22,118 21,600
Current assets
Trade receivables 1,600 1,670 1,651
Other current assets 603 611 530
Cash and cash equivalents 733 502 1,269
2,936 2,783 3,450
Assets held for sale - 0 0
Total current assets 2,936 2,784 3,450
Total assets 24,388 24,902 25,050
SEKm 31 Mar 2026 31 Mar 2025 31 Dec 2025
EQUITY and LIABILITIES
Equity
Equity attributable to the parent company
shareholders
5,453 5,230 5,445
Total equity 5,453 5,230 5,445
Non-current liabilities
Liabilities to credit institutions 2,505 2,729 2,978
Long-term lease liabilities¹ 11,648 12,301 11,797
Provisions for post-employment benefits - - -
Long term provisions 69 72 67
Other non-current liabilities 231 235 233
Total non-current liabilities 14,452 15,337 15,076
Current liabilities
Liabilities to credit institutions - 6 -
Short-term lease liabilities² 1,680 1,661 1,662
Trade payables 424 350 502
Short-term provisions 70 71 79
Other current liabilities 2,308 2,248 2,286
Total current liabilities 4,483 4,335 4,529
Liabilities held for sale - 0 -
Total current liabilities 4,483 4,335 4,529
TOTAL EQUITY AND LIABILITIES 24,388 24,902 25,050
¹ Long-term lease liabilities include car leases amounting to SEK 5m (11) and full year 2025 15.
² Short-term lease liabilities include car leases amounting to SEK 39m (49) and full year 2025 29.
===== SIDA 17 =====
Attendo | Interim report January - March 2026 17
Consolidated Statement of Changes in Equity
Consolidated Cash Flow Statement
SEKm 31 Mar 2026 31 Mar 2025 31 Dec 2025
Opening balance 5,445 5,333 5,333
Total comprehensive income attributable to:
The parent company shareholders 164 58 741
Transactions with owners
Warrants -2 - 0
Dividend 0 - -179
Repurchase of own shares -156 -162 -455
Share-savings plan 2 1 7
Total transactions with owners -156 -161 -627
Closing balance 5,453 5,230 5,445
Equity attributable to:
Parent company shareholders 5,453 5,230 5,445
Operational cash flow Jan-Dec
(APM), SEKm 2026 2025 2025
Operating profit (EBITDA)¹ A 956 866 3,822
Rent payments real estate, of which
Interest expense for lease liabilities (IFRS16) A -164 -173 -680
Amortization of lease liabilities (IFRS16) C -410 -396 -1,613
Operating profit (EBITDA) after premise rent payments 383 297 1,529
Paid income tax A -163 -99 -150
Non-cash items A -7 8 57
Changes in working capital A 37 -104 -65
Operating cash flow before net investments 250 102 1,371
Investments on tangible and intangible assets B -40 -53 -201
Divestments of tangible and intangible assets B 1 1 9
Free cash flow to firm 211 50 1,179
Interest received/paid A -31 -10 -138
Net borrowing C -490 -50 210
Free cash flow to equity -310 -10 1,251
Acquisition of operations B -3 -125 -200
Divestments of operations B - - 62
Warrants C - - -
Dividend C - - -179
Repurchase of own shares C -202 -162 -453
Total cash flow -515 -297 480
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the beginning of the period 1,269 821 821
Effect of exchange rate changes on cash -20 -22 -33
Cash and cash equivalents at the end of the period 733 502 1,269
Jan-Dec
Cash flow according to IFRS, SEKm 2026 2025 2025
Cash flow from operations A 628 488 2,846
Cash flow from investing activities B -42 -177 -330
Cash flow from financing activities C -1,102 -608 -2,035
Total cash flow -515 -297 480
¹ Excluding items affecting comparability
Q1
Q1
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Attendo | Interim report January - March 2026 18
Summary of Segments
SEKm
Jan-Mar
2026
Jan-Mar
2025
Full-year
2025
Jan-Mar
2026
Jan-Mar
2025
Full-year
2025
Jan-Mar
2026
Jan-Mar
2025
Full-year
2025
Jan-Mar
2026
Jan-Mar
2025
Full-year
2025
Net sales 1,972 1,997 7,891 2,693 2,745 11,100 - - - 4,664 4,742 18,991
- Net sales, own operations 1,721 1,705 6,796 2,586 2,634 10,657 - - - 4,307 4,339 17,453
- Net sales, outsourcing 251 291 1,095 107 112 443 - - - 358 403 1,538
Lease adjusted operating profit (EBITA)¹ 93 68 358 254 189 994 -21 -24 -89 326 234 1,263
Lease adjusted operating margin (EBITA)¹, % 4.7 3.4 4.5 9.4 6.9 9.0 7.0 4.9 6.7
Operating profit (EBITA)¹ 152 126 598 339 278 1,363 -21 -24 -89 470 381 1,872
Operating margin (EBITA)¹, % 7.7 6.3 7.6 12.6 10.1 12.3 10.1 8.0 9.9
Scandinavia Finland Group
¹ Excluding items affecting comparability
Other and eliminations
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Attendo | Interim report January - March 2026 19
Net Financial Items
Net Debt
Investments
Financial Assets and Liabilities
The table shows Attendo's significant financial assets and liabilities. Assets and liabilities reported as
other non-current receivables and trade receivables and other financial liabilities are measured at amor-
tized cost. The fair value of all financial assets and liabilities is consistent with the carrying amount. For a
complete table and further information see Attendo's annual report 2025, note C23.
Collateral and Contingent Liabilities
Jan-Dec
SEKm 2026 2025 2025
Net interest expense (excluding lease liabilities for real estate) -24 -31 -118
Interest expense, lease liabilities for real estate -164 -173 -680
Other -10 15 4
Net financial items -198 -189 -795
Q1
31 Dec
SEKm 2026 2025 2025
Interest-bearing liabilities 15,833 16,696 16,437
Provision for post-employment benefits -28 -11 -28
Cash and cash equivalents -733 -502 -1,269
Net debt 15,072 16,183 15,141
Lease liability real estate -13,284 -13,902 -13,415
Lease adjusted net debt 1,788 2,281 1,725
31 Mar
Jan-Dec
SEKm 2026 2025 2025
Investments
Investments in intangible assets 0 3 11
Investments in tangible assets 40 50 189
Divestments of tangible and intangible assets -1 -1 -9
Total net investments 39 52 192
Intangible assets acquired through business combination
Goodwill 4 130 246
Customer relations 0 39 82
Other - - -
Total intangible assets acquired through business
combination 4 169 329
Q1
SEKm 31 Mar 2026 31 Mar 2025 31 Dec 2025
ASSETS
Financial assets measured at amortised cost
Other long term assets 36 56 37
Trade receivables 1,600 1,670 1,651
Cash and cash equivalents 733 502 1,269
Total financial assets 2,370 2,229 2,956
LIABILITIES
Financial liabilities at fair value through profit or loss
or equity
Contingent considerations 101 74 100
Financial liabilities measured at amortised cost
Borrowings 2,505 2,734 2,978
Trade payables 424 350 502
Total financial liabilities 3,031 3,158 3,580
SEKm 31 Mar 2026 31 Mar 2025 31 Dec 2025
Assets pledged as collateral 65 70 62
Contingent liabilities¹ 3,953 2,549 2,581
¹ Leases of assets not yet in use are reported in contingent liabilities.
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Attendo | Interim report January - March 2026 20
Adjusted Earnings per Share, quarter
Adjusted Earnings per Share, full-year
Q1 2025
SEKm Reported
Acq. and
divestment IFRS 16
Items
affecting
comparabilit
Adjusted
earnings
Adjusted
earnings
Net sales 4,664 - - - 4,664 4,742
Other operating income 8 - 0 - 8 6
Operating profit before
amortization and depreciation
(EBITDA) 956 - -574 - 382 293
Amortization and depreciation of
tangible and intangible assets -486 - 429 - -57 -60
Operating profit (EBITA) 470 - -145 - 326 234
Amortization and write-down of
acquisition related intangible
assets -25 25 - - - -
Items affecting comparability - - - - - -
Operating profit (EBIT) 445 25 -145 - 326 234
Net financial items -198 - 164 - -34 -16
Profit before tax (EBT) 247 25 19 - 291 218
Income tax -52 -5 -4 - -61 -45
Profit for the period 195 20 15 - 230 173
Profit for the period attributable
to:
The parent company
shareholders 195 20 15 - 230 173
Average number of shares
outstanding, basic, thousands 145,201 145,201 145,201 145,201 145,201 151,458
Average number of shares
outstanding, diluted, thousands 146,058 146,058 146,058 146,058 146,058 152,150
Earnings per share basic, SEK 1.34 0.14 0.11 - 1.59 1.14
Earnings per share diluted, SEK 1.33 0.14 0.11 - 1.58 1.14
Q1 2026
SEKm Reported
Acq. and
divestment IFRS 16
Items
affecting
comparabilit
Total
adj.
Adjusted
earnings
Net sales 18,991 - - - - 18,991
Other operating income 34 - -10 - -10 25
Operating profit before
amortization and depreciation
(EBITDA) 3,822 - -2,306 - -2,306 1,516
Amortization and depreciation of
tangible and intangible assets -1,949 - 1,697 - 1,697 -253
Operating profit (EBITA) 1,872 - -609 - -609 1,263
Amortization and write-down of
acquisition related intangible
assets -101 101 - - 101 -
Items affecting comparability 46 - - -46 -46 -
Operating profit (EBIT) 1,818 101 -609 -46 -554 1,263
Net financial items -795 - 680 - 680 -114
Profit before tax (EBT) 1,023 101 71 -46 126 1,149
Income tax -210 -20 -14 - -34 -245
Profit for the period 813 80 57 -46 92 904
Profit for the period attributable
to:
The parent company
shareholders 813 80 57 -46 92 904
Average number of shares
outstanding, basic, thousands 149,241 149,241 149,241 149,241 149,241 149,241
Average number of shares
outstanding, diluted, thousands 150,046 150,046 150,046 150,046 150,046 150,046
Earnings per share basic, SEK 5.45 0.54 0.38 -0.31 0.61 6.06
Earnings per share diluted, SEK 5.42 0.54 0.38 -0.31 0.61 6.03
Full-year 2025
===== SIDA 21 =====
Attendo | Interim report January - March 2026 21
Key Figures
Key Figures per Share
Jan-Dec
2026 2025 2025
Organic growth % 0.4 1.6 0.0
Acquired growth % 0.9 6.8 2.0
Change in currencies % -2.9 -0.3 -2.0
Total growth % -1.6 8.1 0.0
Operating margin (EBITA)¹, R12 % 10.4 8.3 9.9
Lease adjusted operating margin (EBITA)¹, R12 % 7.2 5.3 6.7
Working capital SEKm -600 -387 -686
Return on capital employed¹ % 8.6 7.0 8.1
Net debt to equity ratio times 2.8 3.1 2.8
Equity to asset ratio % 22 21 22
Net debt / EBITDA R12¹ times 3.9 4.6 4.0Lease adjusted net debt /
lease adjusted EBITDA R12¹ times 1.1 1.8 1.1
Free Cash Flow to Firm SEKm 211 50 1,179
Net investments SEKm -39 -52 -192
Average number of employees 20,952 21,636 21,943
¹ Excluding items affecting comparability
Q1
Jan-Dec
2026 2025 2025
Earnings per share,
basic SEK 1.34 0.87 5.45
Earnigns per share,
diluted SEK 1.33 0.87 5.42
Adjusted earnings per share,
diluted SEK 1.58 1.14 6.03
Equity per share,
basic SEK 37.55 34.53 36.49
Equity per share,
diluted SEK 37.33 34.37 36.29
Average number of shares outstanding, basic thousands 145,201 151,458 149,241
Average number of shares outstanding, diluted thousands 146,058 152,150 150,046
Number of shares,
end of period thousands 151,196 160,103 151,196
Number of treasury shares,
end of period thousands 6,784 10,010 5,131
Number of shares outstanding,
end of period thousands 144,412 150,093 146,065
Q1
===== SIDA 22 =====
Attendo | Interim report January - March 2026 22
Quarterly Data
SEKm Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Total net sales 4,841 4,875 4,878 4,742 4,684 4,769 4,796 4,664
- Net sales, Scandinavia 2,051 2,047 2,018 1,997 1,947 1,948 2,000 1,972
- Net sales, Finland 2,790 2,829 2,860 2,745 2,737 2,821 2,796 2,693
Lease adjusted operating profit (EBITDA)¹ 228 465 292 293 262 544 416 382
Lease adjusted operating profit (EBITA)¹ 163 402 225 234 205 482 343 326
Lease adjusted operating margin (EBITA)¹ , % 3.4 8.2 4.6 4.9 4.4 10.1 7.1 7.0
Operating profit (EBITDA)¹ 790 1,029 868 866 832 1,129 995 956
Operating profit (EBITA)¹ 299 536 394 381 349 648 494 470
Operating margin (EBITA)¹ , % 6.2 11.0 8.1 8.0 7.5 13.6 10.3 10.1
Profit for the period 44 235 108 132 88 333 259 195
Profit margin, % 0.9 4.8 2.2 2.8 1.9 7.0 5.4 4.2
Earnings per share basic, SEK 0.28 1.50 0.70 0.87 0.59 2.24 1.76 1.34
Earnings per share diluted, SEK 0.28 1.50 0.70 0.87 0.59 2.23 1.75 1.33
Adjusted earnings per share diluted, SEK 0.68 1.87 0.97 1.14 0.85 2.39 1.65 1.58
Average number of employees 23,494 24,461 22,823 21,636 22,093 22,461 20,818 20,952
Operational data
Number of units in operation² 781 782 786 772 778 775 764 753
Number of beds in homes² 21,326 21,225 21,159 21,091 21,283 21,405 21,059 20,980
Occupancy in homes³, % 86 86 85 86 85 87 88 88
Number of opened beds⁴ 147 127 83 129 92 68 89 12
Number of beds, construction start in the quarter ⁴ 164 12 21 36 258 136 371 139
Number of beds under construction⁴ 576 461 399 306 458 520 801 931
Number of beds, signed leases⁴ - - - 454 599 524 451 420
¹ Excluding items affecting comparability.
² All units in all contract models and segments.
³ All homes.
⁴ Own homes.
===== SIDA 23 =====
Attendo | Interim report January - March 2026 23
Parent Company Income Statement
Parent Company Balance Sheet
Jan-Dec
SEKm 2026 2025 2025
Net sales 6 4 21
Personnel costs -10 -16 -47
Other external costs -5 -4 -15
Operating profit -8 -16 -41
Net financial items -8 -3 -20
Profit after financial items -16 -19 -61
Group contributions - - -202
Profit before tax -16 -19 -263
Results of commission 447 43 550
Income tax -13 -5 -5
Profit for the period 419 18 282
Q1
SEKm 31 Mar 2026 31 Mar 2025 31 Dec 2025
ASSETS
Non-current assets
Shares in subsidiaries 6,494 6,494 6,494
Total non-current assets 6,494 6,494 6,494
Current assets
Receivables to group companies 476 82 405
Other receivables 17 4 34
Cash and cash equivalents 20 21 12
Total current assets 513 107 450
Total assets 7,008 6,600 6,945
EQUITY AND LIABILITIES
Equity 6,143 6,135 5,926
Current liabilities
Liabilities to group companies 827 451 996
Other liabilities 37 14 23
Total current liabilities 864 465 1,019
TOTAL EQUITY AND LIABILITIES 7,008 6,600 6,945
===== SIDA 24 =====
Attendo | Interim report January - March 2026 24
About Attendo
Attendo was founded in 1985 and is the largest care company in the Nordic region. We have about 33,000 employees at around 800 operations in Finland,
Sweden and Denmark (by the end of 2025). All our operations are based on our vision - to provide better care to more people. Attendo invests in new capac-
ity and leads the development of quality, innovations and new, cost-effective ways of working in Nordic care. We provide care for older people, care for
people with disabilities, and individ¬ual and family care to about 28,000 customers. Our mission is to empower the individual, which means that we see,
support and strengthen every person. Our values - care, commitment and competence - guide us in every action, every day.
Service offering
Attendo’s service offering consists of:
CARE FOR OLDER PEOPLE
Nursing homes for older people with dementia or somatic
needs and home care services, which usually involve a com-
prehensive approach to care, meals, cleaning, laundry, even-
ing and night-time services and home health care.
SUPPORT FOR PEOPLE WITH DISABILITIES
Housing and daily activities for people of different ages with
various disabilities or care needs. We also offer respite care
services to support relatives.
INDIVIDUAL AND FAMILY CARE
We offer individual and family care in consultant-supported
family homes, crisis and emergency accommodation, HVB
homes, addiction care and supported housing. The segment
also provides social psychiatry and rehabilitation as well as
other individualized care in housing or day and school activi-
ties.
OTHER SERVICES
Attendo provides meal services and conducts recruitment and
training of care staff.
Operations and contract model
Attendo operates through two business areas, Attendo Fin-
land and Attendo Scandinavia.
Attendo mainly have activities under own operation, where we
provide care in units/facilities under our own control, or home
care under customer choice systems. We also provide out-
sourced activities, where units/ facilities are controlled by the
public payor, or home care services on a contractual basis.
Attendo's payors are usually a local or regional public provider
(municipality or welfare region) or a national authority, but the
contract form and contract length vary depending on the con-
tract model and service offering. Our own operations are nor-
mally based on freedom of choice systems or framework
agreements while outsourcing operations are based on ten-
dered outsourcing contracts. The contracts usually run for a
period of 2-5 years.
Strategic goals
Attendo works systematically towards three long-term strate-
gic goals:
• To be the preferred choice for customers and their rela-
tives, employees and payors.
• To be a natural and fundamental part of society.
• To achieve sustainable and profitable growth.
Work towards these goals is supported by key performance
indicators for value creation, which are measured, reported
and monitored on an ongoing basis throughout the year.
Financial targets
For the period up until 2028, Attendo has set three financial
goals:
• To reach adjusted earnings per share of at least SEK 9.00
• We aim to provide a dividend to shareholders correspond-
ing to 30 percent of the year's adjusted earnings
• To have a balanced debt position where lease-adjusted net
debt/lease-adjusted EBITDA remains between 1.5x and
2.5x.
Read more about Attendo's strategy and value creation in the
annual report, which is available at www.attendo.com.
===== SIDA 25 =====
Attendo | Interim report January - March 2026 25
Definitions of performance measures and
alternative performance measures (APM)
Financial
ACQUIRED GROWTH
(APM)
The net between the increase in the company's
net sales from businesses and operations ac-
quired during the past 12 months and the loss of
net sales from businesses and operations divested
during the past 12 months and strategic close
downs in relation to the comparable period’s net
sales.
ADJUSTED EARNINGS PER SHARE
(APM)
Profit or loss for the period attributable to the par-
ent company shareholders excluding effects from
amortization and impairment of acquisition re-
lated intangible assets, IFRS 16 as well as items
affecting comparability related to divestments and
strategic close downs as well as related tax items
divided by the number of outstanding shares after
dilution. See tables Adjusted earnings per share
for more information.
CAPITAL EMPLOYED
(APM)
Equity plus interest-bearing liabilities and provi-
sions for post-employment benefits. See Note C31
Reconciliation of alternative performance
measures in the 2025 Annual Report for a full year
reconciliation.
CASH AND CASH EQUIVALENTS
Cash and bank balances, short-term investments
and derivatives with a positive fair value.
EARNINGS PER SHARE
Profit or loss for the period attributable to the par-
ent company shareholders divided by the average
number of outstanding shares. Calculated both
before (basic) and after dilution.
EQUITY/ASSETS RATIO
Equity divided by total assets.
EQUITY PER SHARE
Equity attributable to the parent company share-
holders divided by the average number of out-
standing shares. Calculated both before (basic)
and after dilution.
FREE CASH FLOW TO FIRM
(APM)
Free cash flow to firm (FCFF) is the cash flow
available to all funding providers including equity
shareholders and debt lenders. FCFF is the cash
flow generated from operations after all expenses,
including premise rents (lease payments),
changes in working capital, net investments, and
paid taxes. Lease payments for premises are a sig-
nificant part of Attendo’s operations and are
therefore recorded as cash outflow in FCFF. See
the table Consolidated cash flow statement for
reconciliation.
ITEMS AFFECTING COMPARABILITY
Items whose effects on profit are important to pay
attention to when profit for the period is compared
with earlier periods, such as significant
impairment losses and other significant, non-re-
curring costs or income.
LEASE ADJUSTED EBITA
(APM)
See the definition of operating profit (EBITA) be-
low. Lease adjusted operating profit (EBITA) is op-
erating profit according to the previous reporting
standard IAS 17, i.e. excluding the effects of the
implementation of IFRS 16. Car leases were re-
ported as finance leases under the previous
standard. Consequently, it is the effects of leases
of real estate under IFRS 16 that differentiate op-
erating profit from lease adjusted operating profit.
See tables Adjusted earnings per share for more
information.
LEASE ADJUSTED EBITDA
(APM)
See the definition of operating profit (EBITDA) be-
low. Lease adjusted operating profit (EBITDA) is
operating profit according to the previous ac-
counting standard IAS 17, i.e. excluding the ef-
fects of the implementation of IFRS 16. Car leases
were reported as finance leases under the previ-
ous standard. Consequently, it is the effects of
leases of real estate under IFRS 16 that differenti-
ate operating profit from lease adjusted operating
profit. See tables Adjusted earnings per share for
more information.
LEASE ADJUSTED NET DEBT
(APM)
See the definition of net debt below. Lease ad-
justed net debt is net debt according to the
previous reporting standard IAS 17, i.e. excluding
the IFRS 16 effect on lease liabilities attributable
to right-of-use assets for real estate. See tables
Net debt for more information.
LEASE ADJUSTED NET DEBT / LEASE ADJUSTED
EBITDA
(APM)
Lease adjusted net debt in relation to lease-ad-
justed EBITDA R12.
LEASE ADJUSTED OPERATING MARGIN, (EBITA)
(APM)
Lease adjusted operating profit (EBITA) divided by
net sales.
LEASE ADJUSTED OPERATING MARGIN,
(EBITDA)
(APM)
Lease adjusted operating profit (EBITDA) divided
by net sales.
NET DEBT
(APM)
Net debt is a way of describing the group's indebt-
edness and its ability to repay its debts with cash
and cash equivalents if all debts were to be due
for payment today. Net debt is defined as interest-
bearing liabilities plus provisions for post-employ-
ment benefits minus cash and cash equivalents.
Net debt is presented both including and exclud-
ing lease liabilities attributable to right-of-use as-
sets for real estate. See tables Net debt in this re-
port for a reconciliation of net debt.
===== SIDA 26 =====
Attendo | Interim report January - March 2026 26
NET DEBT / EBITDA
(APM)
Net debt in relation to operating profit (EBITDA)
R12.
NET DEBT TO EQUITY RATIO
(APM)
Net debt divided by equity.
NET INVESTMENTS
The net of investments in and divestments of tan-
gible and intangible assets, excluding acquisitions
and divestment of operations as well as invest-
ments in and divestments of assets held for sale.
OPERATING MARGIN (EBIT MARGIN)
Operating profit or loss (EBIT) divided by net
sales.
OPERATING MARGIN (EBITA MARGIN)
Operating profit or loss (EBITA) divided by net
sales.
OPERATING MARGIN (EBITDA MARGIN)
Operating profit or loss (EBITDA) divided by net
sales.
OPERATING PROFIT (EBIT)
(APM)
Attendo reports operating profit (EBIT) as a per-
formance measure because it shows the develop-
ment of operating activities independent of financ-
ing. Operating profit (EBIT) refers to profit before
financial items and tax. See the consolidated in-
come statement for a reconciliation of EBIT.
OPERATING PROFIT (EBITA)
(APM)
Operating profit (EBITA) is used as a performance
measure because it shows the development of op-
erating activities without the effect of amortization
and impairments of intangible assets from ac-
quired companies and independently of financing.
Operating profit (EBITA) refers to profit before
amortization of acquisition related intangible as-
sets, financial items and tax. See the consolidated
income statement for a reconciliation of EBITA.
OPERATING PROFIT (EBITDA)
(APM)
Attendo reports operating profit (EBITDA) as a
performance measure because it shows the devel-
opment of operating activities independent of fi-
nancing and investments. Operating profit
(EBITDA) refers to profit or loss before deprecia-
tion, amortization and impairments, financial
items and tax. See the consolidated income state-
ment for a reconciliation of EBITDA.
OPERATING PROFIT (EBITDA) AFTER PREMISE
RENT PAYMENTS
(APM)
See the definition Operating profit (EBITDA). Op-
erating profit (EBITDA) after premise rent pay-
ments (lease payments) is Operating profit
(EBITDA) minus lease payments for premises.
ORGANIC GROWTH
(APM)
Attendo reports organic growth as a performance
measure to show underlying net sales develop-
ment excluding acquisitions/divestments and cur-
rency effects. The performance measure is calcu-
lated as net sales growth excluding acquisi-
tions/divestments and changes in exchange rates.
PROFIT (LOSS) FOR THE PERIOD
Profit for the period attributable to the parent
company shareholders and non-controlling inter-
ests.
PROFIT MARGIN
Profit or loss for the period divided by net sales.
R12, “ROLLING 12 MONTHS”
The sum of the period’s past 12 months.
RETURN ON CAPITAL EMPLOYED
(APM)
Attendo reports return on capital employed be-
cause it shows profits in relation to the capital
used in operations. The definition of return on
capital employed is operating profit (EBIT) exclud-
ing items affecting comparability for the past 12
months divided by average capital employed. See
Note C31 Reconciliations of alternative key figure
calculations in the annual report 2025 for recon-
ciliation on a full-year basis.
WORKING CAPITAL
(APM)
Working capital is a key performance measure for
optimising cash generation. The performance
measure is defined as current assets excluding
cash and cash equivalents and current interest-
bearing assets minus current non-interest-bearing
liabilities and provisions. Assets and liabilities
held for sale are not included in working capital.
See Note C31 Reconciliations of Alternative Per-
formance Measures in the Annual Report 2025 for
a full-year reconciliation.
Operational
COP
Care for older people.
OCCUPANCY
The number of occupied beds divided by the num-
ber of available beds. Occupancy is a weighted av-
erage in the last month of each reporting period.
Sustainability
ASCOT (QUALITY OF LIFE INTERVIEWS)
A research-validated Adult Social Care Outcomes
Toolkit (ASCOT) methodology designed to meas-
ure key aspects of an individual's quality of life in a
social care environment.
BEDS OPENED IN OWN OPERATIONS (CAPACITY
MADE AVAILABLE), R12
Refers to beds in residential homes in own opera-
tions opened in the past twelve months.
CUSTOMER SATISFACTION CNPS
Percentage of customers that answer 9 or 10 (0-
10) when asked to recommend Attendo minus the
percentage that answer 6 or lower. Based on the
most recently completed measurements in each
business area.
EMPLOYEE SATISFACTION ENPS
Percentage of employees that answer 9 or 10
(0-10) when asked to recommend Attendo minus
the percentage that answer 6 or lower. Based on
the most recently completed measurements in
each business area.
NUMBER OF CUSTOMERS WHO RECEIVE CARE
FROM ATTENDO
Refers to beds sold in homes, daily activities, fam-
ily care home placements and customers in the
home care segment by the end of the quarter.
PAYOR SATISFACTION (PSAT)
Payor satisfaction with Attendo's services on a
five-point scale from very dissatisfied (1) to very
satisfied (5). Based on the most recent surveys in
each business area.
RAI INDEX
Measured quality of life based on reported RAI in-
dicators in Attendo Finland. Based on the most re-
cent surveys.
RELATIVES SATISFACTION RNPS
Percentage of relatives of customers that answer
9 or 10 (0–10) when asked to recommend At-
tendo minus the percentage that answer 6 or
lower. Based on the most recently completed
measurements in each business area.
===== SIDA 27 =====
Attendo AB (publ), Box 715, 182 27 Danderyd, org. nr 559026 -7885 27
Information for share-
holders and analysts
Financial calendar
Annual General Meeting 6 May 2026
Interim report January-June 2026 20 August 2026
Interim report January-September 2026 6 November 2026
Report presentation
A webcast presentation will be held on 6 May 2026 at 10:00 (CET).
You can follow the presentation at the following web link:
https://attendo.events.inderes.com/q1-report-2026/
Analysts and investors can ask questions during the presentation by calling in. Contact de-
tails can be obtained by emailing: annie.adielsson@attendo.com
This report and other information will be made available at: https://www.attendo.com/
Contact details
Mikael Malmgren, Chief Financial Officer
Tel. +46 8 586 252 00
Josefine Uppling, Director of Communications
Tel. +46 76 114 54 21
This is information that Attendo AB (publ) is obliged to make public pursuant to the EU Market
Abuse Regulation and the Securities Markets Act. The information was submitted for publica-
tion, through the agency of the contact persons set out above, at 08.00 CET on
6 May 2026.
Forward-looking information
This report contains forward-looking information that reflects management's current beliefs
about certain future conditions and possible outcomes. This type of forward-looking infor-
mation involves risks and uncertainties that could materially affect future results. The infor-
mation is based on certain assumptions including those relating to economic conditions in
general in the company's markets and the level of demand for the company's services.
English convenience translation from Swedish original. In case of discrepancies between the
Swedish original and the English translation, the Swedish original shall prevail.