Terveystalo Oy Ord (TTALF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to Terveystalo's first quarter results webcast and conference call. My name is Kati Kaksanen. I'm responsible for Terveystalo Investor Relations and Sustainability. As usual, our CEO Ville Iho and our CFO Juuso Pajuelen will present the results and we'll follow that with a Q&A. We'll take questions from the phone lines as well as through the webcast and from the audience, if there's any. But without further ado, over to you, Ville. Thank you, Kati. So diving into Q1 very shortly through the key numbers. All in all, a solid start of the year and continuing on the improvement path that we have laid out during the last two years. Margin is up. Our adjusted EBIT is up by 20 percent. EPS up by 40 percent. against slightly dropping revenue line, which is then again due to softness in Sweden, softness in portfolios and some discontinued outsourcing contracts in portfolios. Healthcare services still growing with healthy 5%, but all in all a flattest quarter in revenue. Very glad to still see our NPS customer satisfaction trending upwards as it has done throughout the improvement journey that we have conducted. So strong, solid start for this year 2025. Looking at different businesses, if there's one headline for the agenda, it's improvement. As we have communicated previously, we are looking for still incremental improvement in health care services, which is already on a very strong place. Q1 was one step in that journey. In portfolio businesses in Sweden, we are looking for more drastic performance improvement. Against tough market conditions in portfolios and in Sweden, I'm very glad to say that both of these businesses have been able to improve their relative profitability. first step in Sweden to see the real benefits of turnaround ag...