Attendo AB (publ) reported earnings results for the second quarter of 2018. Net sales increased by 25% to SEK 2,743 million against SEK 2,189 million a year ago. Adjusted for currency affects, net sales increased by 22%. Operating profit (EBITA) amounted to SEK 128 million against SEK 186 million a year ago. Operating profit (EBITA) adjusted for non-recurring items amounted to SEK 181 million against SEK 186 million a year ago. Profit for the period amounted to SEK 40 million against SEK 111 million a year ago. Diluted earnings per share were SEK 0.25 against SEK 0.69 a year ago. Operating cash flow was SEK 267 million against SEK 262 million a year ago. Underlying operating profit for the second quarter of 2018 was on par with the corresponding quarter in 2017. CapEx amounted to SEK 67 million, mainly due to fixed assets in the new own nursing homes. Net debt amounted to SEK 4.8 billion.

The company expects second half of 2018 to be better than first half in terms of margins and profits.

The company expects tax rate to be 24.5% for the full year 2018.