Humana AB (STU:47H)
€ 3.11 0.03 (0.97%) Market Cap: 164.01 Mil Enterprise Value: 585.63 Mil PE Ratio: 15.24 PB Ratio: 0.62 GF Score: 78/100

Q3 2023 Humana AB Earnings Call Transcript

Oct 27, 2023 / 07:00AM GMT
Release Date Price: €2.2 (-3.72%)
Ewelina Pettersson;publ;Head of IR
Humana AB

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Good morning, and welcome to Humana's Q3 results presentation. My name is Ewelina Pettersson, and I'm the Head of Investor Relations. With me today, I have our CEO, Johanna Rastad; and CFO, Fredrik Larsson. After the presentation, you will be able to ask questions.

I will now turn over to you, Johanna. Go ahead.

Johanna Rastad;publ;President;CEO
Humana AB

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Good morning. The revocation of the permit in Humana Assistans in the spring and the subsequent regain of the permit towards the summer had a highly negative impact on our group. In the third quarter, Personal Assistance had a negative organic growth of 18% and reduced its profitability with 73% versus last year. And thankfully, the other business areas weigh up, and as a group, we managed to reach an adjusted EBIT in line with last year. This is feasible because of the substantial increase in both organic growth and profitability in Finland as well as a solid

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