Brief: Terveystalo Q1 Adjusted EBITA Falls To EUR 22.9 Million

Terveystalo Oyj

06/05/2020 07:13

May 6 (Reuters) - Terveystalo Oyj  TTALO.HE :
    * TERVEYSTALO GROUP INTERIM REPORT 1 JANUARY - 31 MARCH 2020
    * Q1 REVENUE DECREASED BY 3.9 PERCENT YEAR-ON-YEAR TO EUR
257.4
MILLION (267.8) MAINLY DUE TO EXPIRED OUTSOURCING AGREEMENTS.
    * Q1 ADJUSTED EARNINGS BEFORE INTEREST, TAXES, AND
AMORTIZATION
(EBITA) DECREASED BY 29.4 PERCENT TO EUR 22.9 MILLION (32.4)
    * Q1 PROFIT FOR PERIOD WAS EUR 8.8 MILLION (17.2)
    * IMPROVEMENT OF DEMAND IN SECOND HALF OF 2020 WOULD REQUIRE
GRADUAL LIFTING OF RESTRICTIONS, ON MOVEMENT OF PEOPLE IN
PARTICULAR, DURING SPRING AND SUMMER
    * IN APRIL 2020, REVENUE FROM CORPORATE AND PRIVATE CUSTOMER
GOUPS
DECLINED BY APPROXIMATELY 30 PERCENT YEAR-ON-YEAR.

Source text for Eikon:  ID:nWkr4Ts8qc 
Further company coverage:  TTALO.HE 

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