Terveystalo Oy Ord (TTALF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to Terveys Talos Q3 results call and webcast. My name is Kati Kaksonen. I'm responsible for investor relations and sustainability here at Terveys Talos. As usual, we'll go through the result highlights with our CEO, Ville Iho, and our CFO, Juuso Pajunen. And after the presentation, you will have a chance to ask questions. I will take the questions from the phone lines as well as through the webcast after the presentation. Without further ado, over to you, Ville. Thank you, Kati. And good morning from my behalf. Let's dive directly into Q3 highlights. As you can see from the numbers, this quarter three was a quarter of margin improvement amid revenue headwind. So the adjusted EBIT margin developed positively. Very strong operating cash flow. EPS developing positively as expected. Very high NPS taking all-time highs all the time. but then with the decline of some 5% top line, adjusted EBIT in absolute terms slightly down. Double-clicking into different P&Ls and their role in the business, how they are contributing and continue contributing in the future, starting from Sweden. Just as a reminder, Sweden is in a phase still of turnaround. We have been adamant in the fact that we continue focusing only on turnaround and profitability improvement. Our Sweden team is getting the results. The underlying efficiency is continuously improving. The results continue to improve. The market being fairly muted at this stage. Still, we are not making proper profits yet, but looking at next year. Volume development looks positive and we start making results and then it's time to focus on growth. Portfolio business is quite the same story. The profitability turnaround has for large parts happened. Some minor fixes in smaller businesses, but the bigg...