Business model and market

Leading private provider of care and health care services in the Nordics

Attendo is the leading private provider of care services in the Nordics. The company has operations in Sweden, Finland and Denmark. Attendo is a locally based company and has about 800 units in operation, in more than 200 municipalities. The company has approximately 35 000 employees. With the vision to empower the individual Attendo provides services within care for older people, care for people with disabilities and individual and families.

How we create value

Attendo operates on a long term attractive market with good growth potential. The business model is well-proven and Attendo rests on a stable platform with good conditions for continued development.

The system for welfare services

The Nordic system for welfare services in health and social care rests on public financing, local and regional responsibility as well as comprehensive regulations for procurement and quality supervision. The system has gradually opened up for alternative providers as reforms have been carried out.

Economic value creation

Attendo aims to be a long-term partner to public payors around the Nordic region. In order to be able to invest in new working methods, establish new capacity and develop employees' skills, it is crucial that Attendo achieves stable surpluses and has a strong balance sheet.

Financial targets

Attendo set new financial targets in May 2024:

Profit target:
The main target is to achieve earnings per share of at least SEK 5.50 by 2026. The target consists of three main building blocks:

EBITA improvement: Attendo company aims to achieve underlying EBITA growth of at least 10 per cent per year, driven by increased occupancy, operational efficiency, price adjustments, new units and add-on acquisitions in existing segments.
Team Olivia: A positive contribution from the acquired Team Olivia business, which is expected to be at least SEK 0.5 per share from 2025 when fully integrated.
Active capital allocation: Attendo intends to continue its buyback programmes when the conditions are right.

Debt and dividend target

Financing: Adjusted net debt to adjusted EBITDA should be in the range of 1.5 to 2.50. Attendo could temporarily exceed 2.5 times, for example in connection with a major acquisition.
Dividend: Attendo's dividend target is to pay out 30 percent of the company's adjusted net profit. The dividend must be well balanced with regard to the objectives, scope and risk of the business, including investment opportunities, and the company's financial position.