IPO, refinancing and acquisitions

First quarter: January-March 2016

  · Operating revenue amounted to SEK 1,471 M, an increase of 9% or SEK 120 M.
Acquisitions contributed SEK 88 M to revenue. Revenue from disposal of companies
last year totalled SEK 12 M. Revenue increased organically by SEK 43 M, or 3.2%.
In constant currency, revenue increased organically by 3.9%.

  · Operating profit was SEK 41 M (84). Acquisitions contributed SEK 11 M to
operating profit. Profit was negatively affected by costs for non-recurring
items related to the IPO of SEK 38 M (2). Operating profit adjusted for non
-recurring items (IPO costs) thereby totalled SEK 79 M (86), corresponding to an
adjusted operating margin of 5.4% (6.4%).

  · Net profit after tax for the period was SEK -16 M (42). Costs for
renegotiating the company’s long-term financing of about SEK 42 M were charged
to earnings in the quarter.

  · Earnings per ordinary share for the period before and after dilution were
SEK -0.82 SEK (0.46).

  · Operating cash flow was SEK -33 M (32).

Events during the first quarter

  · Humana is listed on the Nasdaq Main Market
On 22 March, Humana was listed on the Nasdaq Main Market. The initial price was
SEK 62, corresponding to a market value of about SEK 3.3 billion.

  · New share issue, new number of shares and new ownership structure
In connection with the IPO, Humana conducted a new share issue amounting to SEK
450 M, with net proceeds of SEK 404 M after SEK 46 M in total listing expenses,
of which SEK 38 M encumbered cash flow and operating profit. The number of
shares increased by 7,258,064. At the end of March 2016, the total number of
shares amounted to 53,140,064 and the number of shareholders was 7,204.

  · Humana refinances
Humana has entered into a new long-term financing agreement. The new loan
agreement amounts to SEK 2,200 M and has a term of five years. The agreement
lowers Humana’s interest expenses significantly, while providing the company
more advantageous covenant conditions.

Events after end of the first quarter

  · Humana expands into Finland through the acquisition of Arjessa
Arjessa is a leading individual and family care provider in Finland. The
company’s revenue for 2015 amounted to EUR 32.1 M and operating profit before
goodwill amortisation was EUR 3.1 M. The purchase price, paid in cash, amounts
to EUR 32 M. The transaction, that is approved by the Finnish Anti-Trust
Authority, is expected to be completed during the end of the second quarter
2016.

  · Humana acquires Nygårds Vård Gotland AB
Revenues in Nygårds Vård Gotland AB, which provides accommodation with special
services for adults with mental disabilities, amounted to SEK 12 M in 2015.

The information is such that Humana AB is required to disclose in accordance
with the Swedish Financial Instruments Trading Act and/or the Swedish Securities
Market Act. The information was submitted for publication at 08.00 CET on May
19, 2016.
Humana is a leading Nordic care company providing services within individual and
family care, personal assistance, elderly care and special service housing in
accordance with LSS. Humana has more than 14 000 employees in Sweden and Norway
providing care for over 7 000 individuals, and working towards the vision
“Everyone is entitled to a good life”. In 2015, Humana’s operating revenue was
SEK 5 655 M. The company’s headquarters are located in Stockholm, Sweden. Read
more about Humana on www.humana.se (http://www.corporate.humana.se) or
http://corporate.humana.se (http://www.corporate.humana.se) (http://www.corporat
e 
.humana.se)