ATTNasdaq StockholmHealth CareIFRS · SEK

Attendo

Attendo is a Nordic care services company that provides elderly care, disability care, individual and family care, and social psychiatry services. Its operations are organized into two business areas, Scandinavia and Finland, with services delivered mainly through local care homes, home care, and outsourced care contracts.

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Revenue19.0bn SEK
+0.1 %y/y
Operating profit (EBIT)1,772m SEK
+24.4 %y/y
EBIT margin9.3%
+1.8 ppy/y
Net income813m SEK
+80.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-505101520bn SEK2020: 12.3 bn SEK2020: EBIT -0.28 bn SEK20202021: 12.9 bn SEK2021: EBIT 0.76 bn SEK20212022: 14.5 bn SEK2022: EBIT 0.62 bn SEK20222023: 17.3 bn SEK2023: EBIT 1.3 bn SEK20232024: 19.0 bn SEK2024: EBIT 1.4 bn SEK20242025: 19.0 bn SEK2025: EBIT 1.8 bn SEK202519.01.8
RevenueOperating profit (EBIT)
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Business

Share of revenue
Care for older people72 %

Residential care homes and home care services for elderly people.

Disabled care14 %

Care and support services for people with disabilities.

Individual & family care and social psychiatry11 %

Specialized care services for individuals, families, and psychiatric support needs.

Other3 %

Smaller service lines and ancillary care-related activities.

Customers

Attendo serves people with care needs, including older adults, individuals with disabilities, and clients needing family or psychiatric support services. Its customers also include public-sector buyers and municipalities that procure care capacity through outsourced contracts, while end users are the care recipients and their relatives.

Older people

Buys nursing home and home care services for aging populations and long-term care needs.

Public-sector clients

Municipalities and public authorities procure outsourced care capacity and placements.

Disabled care clients

Require structured support, housing, and daily assistance tailored to disability needs.

Individual and family care clients

Need social care, family support, and psychiatric services delivered in local settings.

Strategy

Attendo’s strategy centers on efficient care delivery, the right competence, and growth in capacity and service quality across the Nordic region. The company emphasizes organic growth, selective acquired growth, digitalization, and a sustainability-led operating model that supports long-term trust with customers, employees, and public stakeholders.

Efficient operating modelMedium term

Care delivery must be scalable and consistent across many local units.

Good growthMedium term

New capacity is needed to meet rising care demand from demographics.

Right competenceShort term

Service quality depends on recruiting, developing, and retaining staff.

Responsibility and sustainabilityLong term

Public trust and long-term license to operate depend on care quality and ESG performance.

Geography

Attendo operates across the Nordic region through two business areas: Finland and Scandinavia. Reported net sales are split between Finland at 58% and Scandinavia at 42%, reflecting a business built around local care delivery and country-specific public funding and regulation.

Risks

Attendo is exposed to political and regulatory risk because private care provision depends on public funding, procurement rules, and policy decisions. Operationally, the business is sensitive to staffing availability, capacity utilization, contract renewals, and reputational issues, while financial risk also comes from leases, liquidity, and interest rates.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Political and regulatory risk1Capacity utilization risk2Skilled employee availability3Lease and impairment risk4Reputational risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Political and regulatory riskImpact: HighLikelihood: Medium

    Private care providers depend on national and municipal decisions on funding and regulation.

    Exposure: Nordic care markets

  2. Capacity utilization riskImpact: HighLikelihood: Medium

    Care homes and units need occupancy to absorb fixed operating costs.

    Exposure: Own-operated homes and new capacity

  3. Skilled employee availabilityImpact: HighLikelihood: Medium

    Care quality and service continuity depend on recruiting and retaining staff.

    Exposure: All care operations

  4. Lease and impairment riskImpact: HighLikelihood: Medium

    New homes and leased properties can trigger right-of-use and goodwill impairment judgments.

    Exposure: Property-heavy operations

  5. Reputational riskImpact: MediumLikelihood: Low

    Negative media or care-quality issues can reduce contract wins and employee attraction.

    Exposure: Public-facing care services

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Accounting

Judgemental items
IFRS 16 leases

Care homes and land/building leases create significant right-of-use assets and liabilities.

Impact: Affects leverage, depreciation, and interest expense

Goodwill and acquisition-related intangibles

Acquired care operations require periodic impairment testing.

Impact: Can create large non-cash write-downs

Onerous contract provisions

Care contracts can become loss-making if pricing, staffing, or occupancy deteriorate.

Impact: Affects operating profit and liabilities

Assets and liabilities held for sale

Own property development projects are classified for sale after completion.

Impact: Changes balance-sheet presentation and timing of gains/losses

Discount-rate assumptions

Lease liability measurement depends on geographic discount-rate inputs.

Impact: Moves lease liabilities and finance costs

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Last updated: 24/09/2026