Continued positive performance development and focus on sustainability
Fourth quarter, October-December 2024
• Net revenue was SEK 2,687 million (2,396), an increase of 12 percent.
• Organic growth was 0.8 percent (-2.5). Excluding personal assistance, organic growth was 4.1 percent (7.8).
• Operating profit amounted to SEK 106m (85).
• Adjusted operating profit amounted to SEK 108m (89), an increase of 21 percent.
• Net profit after tax for the period amounted to SEK 29m (8).
• Earnings per share for the period amounted to SEK 0.55 (0.16).
• Cash flow for the period, amounted to SEK 133m (217).
• Operating cash flow amounted to SEK 331m (353).
Full year, January-December 2024
• Net revenue amounted to SEK 10,295m (9,638), an increase of 7 percent.
• Organic growth was 0.6 percent (0.9). Excluding personal assistance, organic growth was 5.5 percent (10.0).
• Operating profit amounted to SEK 467m (453).
• Adjusted operating profit was SEK 518m (441), an increase of 18 percent.
• Net profit after tax for the period amounted to SEK 145m (178).
• Earnings per share for the period amounted to SEK 2.87 (3.72).
• Cash flow for the period, including acquisitions, amounted to SEK -97m (13).
• Operating cash flow amounted to SEK 865m (846).
Highlights
• Net debt ratio reached the target of 3.0x.
• The adjusted operating margin for the full year improved to 5.0 percent.
• Client satisfaction increases by 4 percentage points.
• In February 2025, 21 elderly care homes in Finland were divested for a consideration of EUR 25m, corresponding to approx. SEK 285m
• Humana undertook to set science-based emissions targets
• Humana's Board proposed a dividend of SEK 1.00 per share for the 2024 financial year.
Significant events during the fourth quarter of 2024
- In October 2024, Humana announced that Leila Rutanen had been appointed country manager for Humana in Finland. Leila takes office on 19 June 2025 at the latest.
- In December 2024, Humana announced that the previously communicated Swedish organisation would continue to be implemented. As a result, Titti Lilja, business area manager for Individual & Family, will be part of Group executive management, and that Hans Dahlgren, business area manager for Personal Assistance and Director of Communications, will remain a member of Group executive management but in the role of business area manager for Personal Assistance with effect from 1 January 2025.
Significant events after the reporting date
- In January 2025, it was announced that Humana had signed up to the Science Based Targets initiative and undertaken to work towards scientifically based emissions targets.
- In February 2025, 21 elderly care homes in Finland were divested for a consideration of EUR 25m, corresponding to approx. SEK 285m.
- Humana's Board proposed that the 2025 AGM approve a dividend of SEK 1.00 per share for the 2024 financial year. The Board's dividend proposal corresponds to 35% of profit for the year, which is slightly above the company's communicated dividend policy of 30%.
President and CEO Nathalie Boulas Nilsson comments
" During the fourth quarter, we continued to improve on important key ratios compared to previous year. The basis for success is how satisfied our customers and clients are. Therefore, we are particularly pleased that customer satisfaction increased as much as 4 percentage points in the fourth quarter. The decision was also taken to further strengthen our commitment to sustainability by setting science based climate targets.
We will set a short-term target, and work towards a long-term net zero target. In addition, we have achieved efficiency improvements through the Swedish organisation during the quarter."
Read the full comment in the report.
Conference call
| A webcast will be held on 6 February 2025 at 09:00 CET at which President and CEO Nathalie Boulas Nilsson and CFO Christoffer Herou will present the report and answer questions. If you wish to take part via the webcast, use the following link. |
If you wish to participate via conference call, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the conference call.
Registration teleconference
For more information, please contact:
Christoffer Herou
CFO
+46 72 582 86 16, christoffer.herou@humana.se
Ewelina Pettersson
Ansvarig investerarrelationer
+46 73 074 79 12, ewelina.pettersson@humana.se
This disclosure contains information that Humana AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 06-02-2025 08:00 CET.
Humana is a leading Nordic care company providing services within individual and family care, personal assistance, elderly care and special service housing in accordance with LSS. Humana has 23,000 employees in Sweden, Norway, Finland and Denmark providing care for approximately 10,000 individuals and working to achieve the vision "Everyone is entitled to a good life". In 2023, Humana's net revenue was SEK 10,295m. Humana is listed on Nasdaq Stockholm and the company's headquarters are located in Stockholm. Read more about Humana on: https://www.humanagroup.com/
