Attendo AB (publ) Expects Increased Costs of Approximately SEK 200m Related to the Operations in Finland Call Transcript
Ladies and gentlemen, welcome to the Attendo Press Conference Call. (Operator Instructions) Today, I am pleased to present Martin Tivéus, CEO; and Fredrik Lagercrantz, CFO. Speakers, please begin.
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Thank you, operator. This is Martin Tivéus. First of all, thank you all for joining in. As you've all seen, we announced yesterday evening a profit warning due to additional costs related to our Finnish operations.
As a consequence of the past 8 weeks' intense debate regarding elderly care in Finland, we have seen a dramatic increase in number of authority inspections at our units and sharpened requirements on both staff levels related to individual client care needs and support staff.
In order to comply with these sharpened requirements and to secure industry-leading quality of care and restore market confidence in Attendo as well as the sector as a whole, we are today launching a responsibility program for our Finnish
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