Terveystalo Oy Ord (TTALF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to Terveystal's first quarter 2026 results call and webcast. My name is Kati Kaksan. I'm responsible for investor relations and sustainability here at Terveystal. As usual, we'll go through the results with our CEO, Ville Iho, and our CFO, Juuso Pajunen, and after the presentation, you'll have time for your questions. Without further ado, over to you, Ville. Thank you, Kati, and good morning. Let's... dive into it. So Tervestalo first quarter, during the first quarter, the market was even more negative than we expected going into the year. That was then clearly reflected into our revenue line, which came clearly down. And despite the adjustment measures that we did especially in our operations to adjust the ops to lower demand, there was a drop through to our adjusted EBIT, which was at 34 million euros. Quality across the operations and services, high as per standard, even improving, which is, of course, a positive sign of a very professional and robust organization delivering in any circumstances. If one then dives a little bit deeper in what's happening in healthcare services market, it is the market that is exceptionally negative this time around. We have not seen this type of a dip since the start of COVID, and basically all of the segments, regardless of what data you look at, all of the segments and services are roughly minus five to minus 10% down. The positive thing and silver lining with this one is that we are seeing a market bottoming out. So according to our judgment, And that's reflected also in our plans and actions. The bottom has been passed. And now the market shall start gradually, slowly but steadily, grow from a low level. In our own operations, we have been, as we have reported earlier, we have been suffering...