A full year well-aligned with Humana’s objectives

Fourth quarter: October-December 2016

• Operating revenue amounted to SEK 1,681 M (1,521 incl. capital gain of SEK 62 M), an increase of 11% or SEK 160 M.
• Operating profit was SEK 73 M (78). Operating profit adjusted for one-offs was SEK 73 M (60), equivalent to an operating margin of 4.3% (3.9).   
• Net profit after tax for the period was SEK 34 M (47).
• Earnings per share for the period before and after dilution were SEK 0.65 (0.56).
• Operating cash flow was SEK -247 M (197). The change is primarily attributable to changed payment terms in Personal Assistance and increased investments.

Full year: January-December 2016

• Operating revenue amounted to SEK 6,362 M (5,655 including a capital gain of SEK 62 M), an increase of 13% or SEK 707 M.
• Operating profit was SEK 329 M (312), an increase of SEK 17 M. Operating profit adjusted for IPO expenses amounted to SEK 369 M (340 adjusted for items affecting comparability of net SEK -27 M), an adjusted operating margin of 5.8% (6.0). 
• Net profit after tax for the year was SEK 170 M (114).
• Earnings per share for the year before and after dilution were SEK 2.87 M (0.61).
• Operating cash flow was SEK -134 M (390). The change is primarily attributable to changed payment terms in Personal Assistance and increased investments. 

Events during the fourth quarter

• Försäkringskassan transitions from paying in advance to paying in arrears
  Försäkringskassan initiated payment in arrears instead of the previous payment in advance as of 1 October 2016. The negative impact on working capital in the fourth quarter was approximately SEK 300 M. The previous estimate of a total impact of SEK 200–300 M remains unchanged. 

Significant events after the end of the period

• The Board proposes a dividend of SEK 0.50 per share to be distributed for 2016
  The Board proposes that a dividend of SEK 0.50 per share is to be paid for 2016. The remaining profit for the year is to be carried forward.  

Presentation of report today at 09:00 CET 
To participate in the conference call, and thereby be able to ask questions, please call one of the following numbers:

• SE: +46 8 566 426 62 or
• UK: +44 203 008 98 02 

The presentation material will be published before the conference starts on Humana’s website, http://corporate.humana.se under Investor Relations. 

For further information, please contact: 
Rasmus Nerman, President and CEO, +46 70 828 1860, rasmus.nerman@humana.se
Ulf Bonnevier, CFO, +46 70 164 7317, ulf.bonnevier@humana.se
Cecilia Lannebo, Head of Investor Relations, +46 72-220 82 77, cecilia.lannebo@humana.se

Humana is a leading Nordic care company providing services within individual and family care, personal assistance, elderly care and special service housing in accordance with LSS. Humana has some 16,000 employees in Sweden, Norway and Finland providing care for over 9,000 individuals and working to achieve the vision “Everyone is entitled to a good life”. In 2016, Humana’s operating revenue was SEK 6,362 M. Humana is listed on Nasdaq Stockholm since 2016 and company’s headquarters are located in Stockholm. Read more about Humana on: www.humana.se or http://corporate.humana.se