HBI Deals+Insights / Business Models and Strategy

Ambea’s Norwegian turnaround requires “a lot more work”

Pan-Nordic care provider Ambea has released Q2 2019 results showing its Norwegian business requires "a lot more work" before achieving a successful turnaround and margin improvement. Group-wide sales nearly doubled thanks to its recent large acquisition although grow only 1% organically. The results were well-received by the market. Its share price rose 8% to a high of SEK 74 (€6.80) over the morning of the results day, Tuesday August 20th.