Brief: Terveystalo Q2 Adjusted EBITDA Rises To EUR 40.9 Mln

Terveystalo Oyj

08/08/2019 07:15

Aug 8 (Reuters) - Terveystalo Oyj  TTALO.HE :
    * TERVEYSTALO GROUP HALF-YEAR REPORT 1 JANUARY - 30 JUNE
2019
    * Q2 REVENUE EUR 258.6 MILLION VERSUS EUR 189.0 MILLION YEAR
AGO
    * SAYS OUR REVENUE FOR Q2 OF YEAR WAS HIGHEST EVER AT EUR
258.6
MILLION
    * REVENUE WAS DRIVEN BY ATTENDO ACQUISITION AND IMPROVED
ORGANIC
GROWTH.
    * QUARTER'S RELATIVE PROFITABILITY WAS NEGATIVELY IMPACTED
BY
CHANGE IN SALES MIX TOWARDS MORE APPOINTMENT DRIVEN SERVICES,
LOWER MARGIN OF ATTENDO BUSINESS, NEGATIVE WORKING DAY IMPACT
AND POSITIVE ONE OFFS IN COMPARISON PERIOD
    * OVERALL, PROFITABILITY DEVELOPED IN LINE WITH OUR
EXPECTATIONS.
    * REVENUE FOR Q2 OF YEAR WAS HIGHEST EVER AT EUR 258.6
MILLION
    * WITH HEALTHCARE AND SOCIAL WELFARE REFORM STILL BEING
DELAYED,
DEMAND IN PUBLIC SECTOR IS EXPECTED TO GROW
    * Q2 ADJUSTED EBITDA EUR 40.9 MILLION VERSUS EUR 25.5
MILLION YEAR
AGO
    * CORPORATE CUSTOMERS KEEP UP A STEADY DEMAND, AND RELATIVE
SHARE
OF PREVENTIVE SERVICES IS INCREASING
    * PRIVATE CUSTOMER DEMAND ALSO REMAINS AT A STEADY LEVEL BUT
NEW
CAPACITY THAT ENTERED MARKET AT BEGINNING OF 2018 STILL HAS A
NEGATIVE IMPACT ON TERVEYSTALO'S REVENUE GROWTH

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

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