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Sweden still affected by cautious hiring policy. Positive development in UK. Normalisation before next growth phase?
Dedicare reported Q3 net sales of SEK 525m (+16.5%, of which 13% organic), which was 6% better than we expected driven by higher organic sales
Dedicare reported Q2 numbers below our expectations, with net sales of SEK 484m (+13% y-o-y) and adj. EBIT of SEK 34.4m (38.4m), corresponding to an adj. EBIT margin of 7.1% (9.0%).
Weakness for nurses segment in Sweden more than offset by other regions/segments: a strong start to the year.
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