Attendo, the Nordic care services provider, reported a 56% increase in lease-adjusted EBITA to SEK 321 million for Q2 2026, driven by higher occupancy and margin expansion. The company’s rolling 12-month lease-adjusted EBITA margin widened to 7.8% from 5.8% a year earlier, while net sales rose 1% year-over-year to SEK 4.74 billion.
Adjusted earnings per share climbed 79% to SEK 1.52, supported by improved operational efficiency and bolt-on acquisitions. Free cash flow to the firm totaled SEK 269 million in the quarter, down from SEK 376 million a year earlier, though rolling 12-month free cash flow stood at SEK 1.23 billion. Lease-adjusted net debt decreased to SEK 1.92 billion from SEK 2.19 billion, with the leverage ratio improving to 1.1x lease-adjusted EBITDA.
Occupancy reached 88% in the quarter, up from 86% a year prior, with Scandinavia occupancy climbing to 89% and Finland maintaining 87%. The company’s pipeline expanded to 1,469 beds, including 607 under construction in Finland and 572 in Scandinavia. Approximately 770 new places are expected to open over the next 12 months, with 440 slated for Finland in 2026.
Finland’s net sales grew 2% year-over-year to SEK 2.79 billion, while lease-adjusted EBITA rose 29% to SEK 235 million. Scandinavia’s net sales were flat at SEK 1.96 billion, but underlying growth in continuing operations reached 7%, with lease-adjusted EBITA surging 141% to SEK 106 million.
Attendo completed four bolt-on transactions in the first half of 2026, adding SEK 450 million in annual net sales and SEK 50 million in lease-adjusted EBITA pre-synergies. The company reaffirmed its 2028 adjusted EPS target above SEK 9, underpinned by 10%+ annual EBITA growth through capacity additions, margin-accretive M&A, and productivity gains.
