Attendo first quarter report 2022: HIGH ORGANIC GROWTH BUT PROFITABILITY UNDER PRESSURE DUE TO THE PANDEMIC
Attendo shows high organic growth during the first quarter of 2022, driven by higher prices in Finland and a normalized demand for nursing homes in Scandinavia. At the same time, the quarter is burdened by high sick leave costs in Finland as a result of the sharp spread of infection, which is expected to gradually decrease but will continue to have a negative impact on earnings during the second quarter. The margin for the Attendo Group is expected to increase during the second half of 2022.Comments from Martin Tivéus, Attendo president and CEO “Attendo has had strong organic growth