DEDINasdaq StockholmHealth CareIFRS · SEK

Dedicare B

Dedicare B is a Nordic staffing and recruitment company focused on qualified personnel for healthcare, social work, and life science assignments. The group operates through local businesses in Sweden, Norway, Denmark, Finland, and the United Kingdom, with services delivered directly into customers’ day-to-day operations.

Revenue1,720m SEK
−1.1 %y/y
Net income33.1m SEK
−29.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

05001,0001,5002,000m SEK2020: 885 m SEK2020: EBIT 44 m SEK20202021: 1,283 m SEK2021: EBIT 88 m SEK20212022: 1,789 m SEK2022: EBIT 136 m SEK20222023: 1,994 m SEK2023: EBIT 148 m SEK20232024: 1,739 m SEK2024: EBIT 60 m SEK20242025: 1,720 m SEK20251,720
RevenueOperating profit (EBIT)

Business

Share of revenue
Healthcare staffing55 %

Placement of qualified nurses, doctors, and other healthcare professionals into public and private care settings.

Life science staffing15 %

Recruitment and staffing for pharmaceutical, biotech, and related life science employers.

Social work staffing10 %

Supply of social workers and related professionals to public service organizations.

Recruitment services10 %

Permanent and interim recruitment support for specialist and professional roles.

Other specialist staffing10 %

Smaller specialist assignment categories and local market services across the Group.

Customers

Dedicare primarily serves public-sector buyers such as regional health authorities, municipalities, hospitals, and public authorities. It also works with private care providers and, in life science, with pharmaceutical and other private-sector customers that need specialist talent on flexible terms.

Public healthcare authorities

Regional health authorities and public care organizations buy temporary and specialist healthcare personnel to keep essential services staffed.

Municipalities and regions

Local and regional public bodies purchase staffing for care, social work, and related public services.

Hospitals and clinics

Hospitals and other care facilities buy clinical staffing to cover shortages, peaks, and specialist needs.

Private care providers

Private operators use Dedicare for flexible personnel in care delivery and related services.

Life science companies

Pharma and life science customers hire specialist professionals through Dedicare’s recruitment and staffing channels.

Strategy

Dedicare’s strategy centers on expanding specialist staffing and recruitment through local market presence, acquisitions, and broader service coverage. It also emphasizes operational efficiency, digital process development, and strong delivery quality to protect customer relationships in regulated public-service markets.

Geographic and service expansionMedium term

Broadens the addressable market and reduces concentration risk in core staffing niches.

Operational efficiencyShort term

Efficient staffing and recruitment processes are central to margin resilience and scalability.

Acquisition-led growthMedium term

Acquiring locally established specialist firms adds capability and market access quickly.

Employer and consultant attractivenessShort term

Access to qualified professionals is the core input to the business model.

Geography

Dedicare is organized around four main markets: Sweden, Norway, Denmark, and the United Kingdom, with Finland included within the Sweden segment for recruitment activity. Its footprint is heavily tied to Nordic healthcare systems, while the UK provides an additional non-Nordic market for specialist staffing.

Risks

Dedicare depends on access to qualified professionals, stable customer relationships, and compliance in regulated public-service environments. Key risks include shortages of staff and consultants, customer concentration in some markets, IT and data security issues, and failures in corporate culture or regulatory compliance.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Inability to retain key employees and leaders1Customer dependence2Lack of competencies in consultancy operations3Regulated operations and political risk4Inadequate IT security5Deficiencies in corporate culture6
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Inability to retain key employees and leadersImpact: HighLikelihood: High

    The business depends on scarce professional talent to staff customer assignments.

    Exposure: All operating markets

  2. Customer dependenceImpact: HighLikelihood: High

    Some segment revenues are concentrated in a few large public-sector customers.

    Exposure: Denmark and the UK segments

  3. Lack of competencies in consultancy operationsImpact: HighLikelihood: Medium

    Service quality depends on matching specialist skills to customer needs.

    Exposure: Healthcare and life science staffing

  4. Regulated operations and political riskImpact: HighLikelihood: Medium

    Public healthcare staffing is influenced by procurement rules, regulation, and policy decisions.

    Exposure: Nordic public sector

  5. Inadequate IT securityImpact: MediumLikelihood: Medium

    Recruitment and staffing processes rely on data systems and sensitive personal information.

    Exposure: Group-wide

  6. Deficiencies in corporate cultureImpact: MediumLikelihood: Medium

    Weak governance could lead to unethical behavior, compliance failures, or reputational damage.

    Exposure: Own operations and customer assignments

Accounting

Judgemental items
Goodwill impairment

Acquisitions create goodwill that can be written down if performance or assumptions weaken.

Impact: Could materially affect reported equity and operating results

Acquired intangible assets

Client contracts, brands, and databases are recognized separately and amortized over time.

Impact: Affects depreciation and amortization expense

Lease accounting

Office premises and other leased assets create right-of-use assets and lease liabilities.

Impact: Affects EBITDA, lease expense presentation, and balance sheet leverage

Provisions

The company uses estimates for obligations that may arise from operations or contracts.

Impact: Can change short-term earnings and liabilities

Foreign currency translation

Operations in Sweden, Norway, Denmark, Finland, and the UK expose the Group to exchange movements.

Impact: Can affect equity and comparability across periods

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

Dedicare B (DEDI) Revenue, Earnings & Financials 2025 – Clarifo