Brief: Terveystalo Gives Profit Warning On Q3 Result

Terveystalo Oyj

14/10/2022 07:09

Oct 14 (Reuters) - Terveystalo Oyj  TTALO.HE :
    * PROFIT WARNING: WEAKENED PROFITABILITY AND NON-RECURRING
ITEMS
HAVE A SIGNIFICANT NEGATIVE IMPACT ON TERVEYSTALO'S THIRD
QUARTER RESULT
    * Q3 PRELIMINARY REVENUE IS EXPECTED TO BE APPROXIMATELY EUR
276
MILLION (EUR 273 MILLION IN Q3 2021)
    * Q3 PRELIM ADJUSTED EBITA APPROXIMATELY EUR 13 MILLION (EUR
31
MILLION)
    * NEW OUTLOOK: * DEMAND FOR HEALTH SERVICES CONTINUES TO BE
STRONG. HOWEVER, DEMAND IS FOCUSED ON SHORT CARE PATHWAYS AND
SERVICES GROWTH OF WHICH IS LIMITED BY SUPPLY
    * RESULT OF Q3 IS FURTHER WEAKENED BY A ONE-OFF WRITE-DOWN
OF
APPROXIMATELY EUR 29 MILLION TO OTHER INTANGIBLE ASSETS
    * DEMAND FOR HEALTHCARE SERVICES IS AT A RECORD HIGH, BUT IT
IS
MORE STRONGLY FOCUSED ON LOW-MARGIN SERVICES THAN IN COMPARISON
PERIOD.
    * NEW OUTLOOK: * TIGHT LABOR MARKET AND RISING INFLATION
CREATE
GROWING PRESSURE ON OPERATING COSTS, INCLUDING WAGES.
    * NEW OUTLOOK: * DEMAND FOR COVID-19 RELATED SERVICES IS
EXPECTED
TO DECREASE AND DEMAND FOR DIGITAL SERVICES TO CONTINUE TO GROW.
    * NEW OUTLOOK: * SIGNIFICANT CHANGES IN EMPLOYMENT AND
CONSUMER
CONFIDENCE MAY BE REFLECTED IN UNDERLYING DEMAND.

Source text for Eikon:  ID:nWkr5nn9pS 
Further company coverage:  TTALO.HE 
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