Humana Reports Strong Q4 2024 Results; Guides for Full Year 2025

Humana AB, a leading Nordic care company, reported robust financial results for the fourth quarter and full year 2024, demonstrating continued positive performance development and a strong focus on sustainability. The company's commitment to customer satisfaction, operational efficiency, and sustainability initiatives has driven its improved financial performance.

Fourth Quarter 2024 Highlights

* Net revenue increased by 12 percent year-over-year (YoY) to SEK 2,687 million, driven by organic growth of 0.8 percent and excluding personal assistance, organic growth was 4.1 percent.
* Adjusted operating profit grew by 21 percent YoY to SEK 108 million, reflecting the company's improved operational efficiency and focus on core business segments.
* Net profit after tax for the period amounted to SEK 29 million, a significant improvement from the previous year's SEK 8 million.
* Earnings per share for the period increased to SEK 0.55, up from SEK 0.16 in the fourth quarter of 2023.
* Cash flow for the period amounted to SEK 133 million, while operating cash flow was SEK 331 million.

Full Year 2024 Highlights

* Net revenue grew by 7 percent YoY to SEK 10,295 million, with organic growth of 0.6 percent and excluding personal assistance, organic growth was 5.5 percent.
* Adjusted operating profit increased by 18 percent YoY to SEK 518 million, reflecting the company's improved operational efficiency and focus on core business segments.
* Net profit after tax for the period amounted to SEK 145 million, a slight decrease from the previous year's SEK 178 million.
* Earnings per share for the period were SEK 2.87, down from SEK 3.72 in 2023.
* Cash flow for the period, including acquisitions, amounted to SEK -97 million, while operating cash flow was SEK 865 million.

Sustainability and Strategic Initiatives

Humana's commitment to sustainability has been a significant driver of its improved financial performance. The company has undertaken to set science-based emissions targets, demonstrating its dedication to responsible business practices. Additionally, Humana's Board proposed a dividend of SEK 1.00 per share for the 2024 financial year, corresponding to 35 percent of profit for the year, which is slightly above the company's communicated dividend policy of 30 percent.

Full Year 2025 Financial Guidance

Humana provided guidance for the full year 2025, expecting:

* Net revenue growth of 5-7 percent YoY.
* Adjusted operating profit margin of 5.0-5.5 percent.
* Capital expenditure (CapEx) of SEK 1.2-1.5 billion.

Humana's strong financial performance in the fourth quarter of 2024 and full year 2024, coupled with its commitment to sustainability and strategic initiatives, positions the company well for continued growth in 2025. The company's focus on customer satisfaction, operational efficiency, and responsible business practices has driven its improved financial performance and solidified its competitive position in the Nordic care market.