Terveystalo Oyj

TTALO

Equity

ISIN FI4000252127 / Valor 37893402

NASDAQ Helsinki Ltd, Equities (2024-11-21)

EUR 9.80-1.61%

Terveystalo Oyj
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About company

Terveystalo Oyj stands as Finland's premier private healthcare service provider, distinguished by its extensive revenue and expansive network. It holds a significant position in the Nordic region as a foremost provider of occupational health services. The company's comprehensive offerings encompass a broad spectrum of primary healthcare, specialized care, and well-being services catering to a diverse clientele that includes corporate entities, private individuals, and the public sector. Terveystalo's innovative approach is further exemplified by its round-the-clock digital services, ensuring healthcare accessibility irrespective of geographical and temporal constraints. With a robust presence manifested through over 377 clinics across Finland and 152 occupational health service clinics in Sweden, Terveystalo demonstrates a commitment to healthcare excellence. The company's notable market position is underscored by its listing on the Helsinki Stock Exchange and its recognition as an attractive employer within the healthcare and pharmaceutical industry. In 2023, Terveystalo reported a revenue of EUR 1,286 million, serving approximately 1.2 million individual customers in Finland through around 7.6 million customer appointments. The organization's workforce comprises over 15,500 healthcare and well-being professionals, highlighting its substantial contribution to the healthcare sector. Additionally, Terveystalo's engagement in clinical research, through its Terveystalo Biobank and Clinical Research (TBCR) unit, emphasizes its role in advancing medical knowledge and practices.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

Terveystalo Oyj reported a revenue increase of 2.7 percent year-on-year for the first quarter of 2024, reaching EUR 350.2 million compared to EUR 341.1 million in the same period the previous year. This growth was achieved despite having one less working day in the quarter.

Healthcare Services Segment

The Healthcare Services segment of Terveystalo Oyj saw a significant revenue increase of 7.3 percent, amounting to EUR 268.0 million in Q1 2024, up from EUR 249.8 million in Q1 2023. This growth was driven by a more favorable customer and service mix and successful commercial measures.

Adjusted EBITA

Adjusted earnings before interest, taxes, amortization, and impairment losses (EBITA) for Terveystalo Oyj increased by 29.5 percent year-on-year, reaching EUR 47.2 million in Q1 2024, up from EUR 36.5 million in Q1 2023. This improvement represents 13.5 percent of the revenue, driven by improved operational efficiency and better sales mix.

Earnings Per Share

Terveystalo Oyj's earnings per share (EPS) more than doubled in the first quarter of 2024, reaching EUR 0.19 compared to EUR 0.09 in the same period the previous year. This significant increase reflects the company's strong financial performance during the quarter.

Profit Improvement Program

Terveystalo Oyj launched a profit improvement program in Sweden during the fourth quarter of 2023, which progressed as planned in Q1 2024. The program aims to achieve a structural improvement in profitability, with the full impact expected to be realized by 2025.

Summarized from source with an LLMView Source

Key figures

39.4%1Y

-13.9%3Y

-7.89%5Y

Performance

27.7%1Y

27.2%3Y

27.7%5Y

Volatility