Increased provision in Stendi as a result of legal proceedings for temporary staff

Through the acquisition of the Aleris Omsorg 2019, Ambeas subsidiarie Stendi, has been involved in an legal proceeding in Norway regarding costs for temporary staff. During the fourth quarter of 2021, the court decision from Lagmannsretten, became final when the appeal to Norwyas supreme court not was granted.

The judgment became prejudicial to similar legal conditions and as a consequence Ambeas has now reserverad an additional 70 MSEK, which burden the fourth quarter to cover estimated claims that have been received or may come from new plaintiff.

The cost for the orignal legal process is limited to SEK 30 million, which has been reserved as a provision in the combined companies’ balance sheet.

This disclosure contains information that Ambea 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 12-01-2022 20:18 CET.

For more information, contact:

Benno Eliasson, CFO
E-mail: ir@ambea.se

Ambea press contact
Telephone: +46 (0)10 33 00 501
E-mail: press@ambea.se

Ambea is the market leading care provider in Sweden, Norway and Denmark respectively, with over 900 care units and around 26,000 employees. We offer services in disabled care, individual and family care, and elderly care with a focus on residential care and own management. We aim to be the quality leader in all that we do and our vision is to make the world a better place, one person at a time. The company was founded in 1996 and its head office is located in Solna, Sweden. Ambea is listed on Nasdaq Stockholm.