Bli medlem
Bli medlem

Du är här

2019-08-26

Frösunda Omsorg AB: Brado AB Q2 Interim Report 2019: Continued improvements in several segments

Q2 2019 Highlights (Pro forma)

· Q2'19 revenues of SEK 524.7 million
· EBITA of SEK 4.3 million (0.8 %)
· Another stable but seasonally weak quarter within Personal
Assistance

· Slightly lower volumes within Disability, but increasing margins
· Continued improvements within Elderly Care, higher occupancy and
increased efficiency strengthening margins

· Individual & family stable on low revenues and continued big
losses

· At the end of Q2'19, total available cash including the RCF was
SEK 144.8 million, compared to SEK 125.1 million at the end of Q1'19.
Undrawn amount on the RCF was SEK 80 million.

Comment by Kristoffer Lorck, CEO Brado AB and Frösunda Omsorg AB:

"The intense work on improvements continues and gives a strong
foundation going forward.

The second quarter is seasonally weak within Personal Assistance,
driven by a series of holidays and inconvenient working hours.
Further stabilization of churn and customer satistfaction can be
noted. Marketing work has intensified and the number of customers
showed a positive net growth in June.

Within Disability, costs have been successively reduced. Slightly
higher occupancy in full responsibility units and a distinct
follow-up of the business have positive effects on margins, as have
expiring contracts, which had a low margin..

Within Individual and Family, challenges remain with low revenues and
losses. A strategic review is ongoing and will be concluded during
Q3'19.

Stability in the service and in the quality delivered charactarized
Eledrly Care during the quarter. Occupancy and efficiency continues
to improve. The occupancy at the beginning of Q3'19 is the highest in
a long time, expected to have a positive impact on the margins ahead.

The Q2 Interim Report 2019 is available at:

https://www.brado.se

For more information contact:

Johan Wewel, Chief Financial Officer Frösunda Omsorg

Telephone: 010 130 40 35

E-mail: johan.wewel@frosunda.se

Torbjörn Carlbom, Chief Communications Officer Frösunda Omsorg

Telephone: 010-130 37 72

E-mail: torbjorn.carlbom@frosunda.se

-----------------------------------------------------------
http://publish.ne.cision.com//Release/ViewReleaseHtml/B7ED75F0D8004C51E0...
https://mb.cision.com/Main/18118/2888796/1095627.pdf
https://mb.cision.com/Public/18118/2888796/b23429f7f1670856.pdf

Författare Cision News

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.