Clear improvements in Individual & Family and better cash flow
Fourth quarter: October-December 2017
· Operating revenue was SEK 1,616 M (1,681), a decrease of 4% or SEK 65 M. The majority of the decrease is attributable to the disposal of the home care services business.
· Operating profit was SEK 66 M (73).
· Net profit after tax for the period was SEK 34 M (34).
· Earnings per share for the period before and after dilution were SEK 0.63 (0.65).
· Operating cash flow was SEK 197 M (-247).
Full year: January-December 2017
· Operating revenue was SEK 6,557 M (6,362), an increase of 3% or SEK 195 M.
· Operating profit was SEK 316 M (329).
· Net profit after tax for the year was SEK 194 M (170).
· Earnings per share for the year before and after dilution were SEK 3.64 (2.87).
· Operating cash flow was SEK 184 M (-134).
Events during the fourth quarter
· Humana acquired Ryhmäkoti Raide Oy in Finland in October 2017.
Events after the end of the year
· The Board proposes that the 2018 AGM approve a dividend of SEK 0.60 per share for the 2017 financial year and that the remaining profit be carried forward.
· The government continues to propose a cap on profits in the welfare sector.
Conference call
A conference call will be held today, 21 February, at 09:00 CET, at which President and CEO Rasmus Nerman and CFO Ulf Bonnevier will present the report and answer questions. To participate, please call:please call one of the following numbers:
· SE: +46 8 566 426 90 or
· UK: +44 203 008 98 10
· US: +1 855 753 22 35
For more information, please contact:
Ulf Bonnevier, CFO, +46 (0)70-164 73 17, ulf.bonnevier@humana.se
Cecilia Lannebo, Head of Investor Relations, +46 (0)72-220 82 77, cecilia.lannebo@humana.se