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Attendo: Attendo year-end report and report for fourth quarter 2015: Strong demand for own operations gave a positive effect on growth and earnings

Attendo reports strong growth in both sales and earnings in the fourth
quarter of 2015. The full year results for 2015 are well in line with
Attendo's long-term financial goals. Both growth and earnings are
driven by a strong demand for Attendo's own nursing homes in Sweden
and Finland.

Comments from Attendo's CEO Henrik Borelius
"The fourth quarter showed a strong growth and strong profit driven by
own operations, where there is a great demand for our homes. The
quarter was one of Attendo's strongest in terms of new operations,
where for example eight own homes opened, while construction of seven
new units began. In summary it was a strong quarter and a good 2015,
well in line with our long term goals. The need for new beds in care
for older people in Sweden was highlighted during the quarter, which
confirms the opportunities for continued growth. I look forward to a
good development of Attendo as a listed company.

The full year and the fourth quarter were characterized by very strong
performance in Own operations. Attendo's offerings are attractive
which has generated strong organic growth. Occupancy in our own homes
is good and we have worked in a structured way with planning and
improved processes, which is reflected in the profit for the fourth
quarter. As reported during the quarter, there is a shortage of
nursing homes within care for older people and to meet this demand
Attendo continues to invest. During 2015 Attendo opened around 700
nursing home beds for older people, and at year-end we had around 700
nursing home beds under construction. In Outsourcing operations net
sales increased slightly both on a full year as well as on a
quarterly basis, mainly due to the start of new contracts in the
beginning of 2015. Staffing operations, which earlier this year had a
weak sales trend, improved during the fourth quarter. Our assessment
is however that both outsourcing and staffing will continue to be
challenging markets.

Structured quality work and competence developments are high on the
agenda of Attendo. During the fourth quarter the company's quality
thermometer showed a good development, with an index of 85 percent
compared with 78 percent at the end of 2014. In Attendo Academy
nearly 140 000 hours of training were conducted in 2015 - an
important investment in our employees and important in order to be
able to offer high quality care services.

In Finland, the government has agreed on the content and structure of
the new SOTE regions which as of January 1, 2019 are taking over the
main responsibility for care and health care. Freedom of choice
should be encouraged and private providers should be able to offer
care and health care services. In Sweden, the current anti-profit
inquiry got partly new directives. For example, it will no longer
propose an abolition of freedom of choice within primary care.

During 2015 we celebrated Attendo's 30th anniversary. The highlight of
the fourth quarter was the company's IPO which attracted great
interest from institutions and the interest from private investors
was one of the highest ever in Sweden. 30,000 private investors
subscribed for shares and we are particularly satisfied that from
them, approximately 800 were Attendo employees. We welcome the many
new owners which through their participation in the listing show us
their confidence and willingness to take part of Attendo's future

To summarize, Attendo is positive about 2016. Our market position is
strong and prospects are good for continued stable growth with good
quality and profitability."

Summary of the fourth quarter 2015

· Net sales increased by 11 percent to SEK 2,564 (2,316), before and
after adjustments for currency effects.

· Operating profit (EBITA) increased by 41 percent to SEK 215m
(153), representing an operating margin of 8 percent (7).

· Adjusted profit for the period amounted to SEK 114m (-27), which
represents adjusted earnings per share after dilution of SEK 0.71

· Profit for the period amounted to SEK -9m (-27), which represents
a profit margin of -0 percent (-1) and earnings per share after
dilution of SEK -0.06 (-0.17).

· Operating cash flow amounted to SEK 324m (312).
Summary of the period January - December 2015

· Net sales increased by 9 percent to SEK 9,831 (9,045). Adjusted
for currency effects, growth was 7 percent.

· Operating profit (EBITA) increased by 14 percent to SEK 933m
(822), representing an operating margin of 9 percent (9).

· Adjusted profit for the period amounted to SEK 409m (263), which
represents adjusted earnings per share after dilution of SEK 2.56

· Profit for the period amounted to SEK 286m (263), which represents
a profit margin of 3 percent (3) and earnings per share after
dilution of 1.79 (1.64).

· Operating cash flow amounted to SEK 765m (700).
· The Board proposes a dividend of SEK 0.54 per share for the year

Invitation to teleconference
The report will be presented at a teleconference call on February 25,
2016 at 10.00am CET. The conference is hosted by Attendo CEO Henrik
Borelius and CFO Tomas Björksiöö. The presentation will be held in

To participate, please call in on one of the following numbers at
least 10 minutes before the conference is scheduled to start:

SE: +46 8 566 426 91
FI: +358 9 817 104 91
UK: +44 203 008 9819

You can follow the presentation and the conference call on the
following web link:
The report and other information material will be made public at:

Attendo AB

For further information, please contact:
Ingalill Östman, Head of Investor Relations Attendo
Phone: +46 708 67 42 12

Stefan Svanström, Communications Director Attendo
Phone: +46 708 67 38 07

Attendo is required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial
Instruments Trading Act.

Attendo - the leading care and healthcare company in the Nordics
Attendo is the leading private provider of publicly financed care and
healthcare services in the Nordic region. The company was founded in
1985 and was first to provide outsourced care for older people in
Sweden. In addition to care for older people, Attendo provides care
for people with disabilities, individuals and families, and, in
Finland, healthcare and dental care. Attendo has 19 000 employees and
is locally anchored with 510 operations in more than 200
municipalities in Sweden, Finland, Norway and Denmark.


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