Terveystalo Oy Ord (TTALF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to Terveys Talos Q4 and full year 2025 results call and webcast. As usual, we'll go through the results with our CEO, Ville Iho, and our CFO, Juuso Pajonen, and we'll follow that with a Q&A. My name is Kati Kaksanen. I'm responsible for investor relations and sustainability here at Tervastalo. We'll take the questions via the phone lines first and then follow with the questions via the webcast at the end of the presentation. Without further ado, over to you, Ville. Thanks, Kati. and good morning from cold and beautiful Helsinki. Let's dive into it. Tervestalo results 2025. It's again time to take a couple of steps back and look at how we performed last year. Sort of the big headline here is profitability and efficiency. If one looks at our performance, financial performance, we are delivering all time high profitability. And as you can see later across all of the segments, they are improving. If one looks at profitability, things are great. If one looks at quality of our services, things are great. On the other hand, of course, you can see that we are living in a market which is not favorable, but that only underlines the efficiency of our operational and financial engine. We are able to produce robust results even during headwinds. Healthcare services is post-cyclical industry and now we can see in our services frequency of use of services we can see decline even though number of customers during the year was the same as during 2024. But strong financials, declining revenue due to macro and post-cyclical nature of our business, very strong improving quality. Double-clicking in the performance of our three different P&Ls. Healthcare services improving with declining revenue, portfolio businesses improving with declining revenue, a...