Brief: Terveystalo Q3 Profit For Period Falls To EUR 14.5 Mln

Terveystalo Oyj

28/10/2021 07:20

Oct 28 (Reuters) - Terveystalo Oyj  TTALO.HE :
    * TERVEYSTALO GROUP INTERIM REPORT 1 JANUARY - 30 SEPTEMBER
2021:
REVENUE GROWTH DRIVEN BY STRONG, BROAD-BASED DEMAND
    * Q3 REVENUE INCREASED BY 13.7 PERCENT YEAR-ON-YEAR TO EUR
273.1
(240.2) MILLION.
    * Q3 ADJUSTED2) EARNINGS BEFORE INTEREST, TAXES, AND
AMORTIZATION
(EBITA) INCREASED BY 1.9 PERCENT TO EUR 31.5 (30.9) MILLION,
REPRESENTING 11.5 (12.9) PERCENT OF REVENUE.
    * Q3 PROFIT FOR PERIOD WAS EUR 14.5 (16.1) MILLION.
    * MARKET ENVIRONMENT HAS NORMALIZED AND DEMAND FOR HEALTH
SERVICES
IS STRONG. DEMAND, HOWEVER, VARIES BETWEEN DIFFERENT SERVICES
AND COULD BE RESTRICTED BY SUPPLY.
    * DEMAND FOR COVID-19 RELATED SERVICES IS EXPECTED TO REMAIN
ACTIVE, DESPITE A DECLINE IN VOLUMES FROM PREVIOUS PEAK LEVELS
    * DEMAND FROM CORPORATE CUSTOMERS FOR PREVENTIVE AND
STATUTORY
OCCUPATIONAL HEALTH SERVICES IS EXPECTED TO DEVELOP FAVORABLY
    * IN PRIVATE CUSTOMER SEGMENT, OVERALL DEMAND IS EXPECTED TO
DEVELOP FAVORABLY AND GROW SUBSTANTIALLY.
    * DEMAND FROM PUBLIC SECTOR IS EXPECTED TO REMAIN STRONG IN
OCCUPATIONAL HEALTH, SERVICE SALES, AND STAFFING SERVICES.
    * DEMAND IN SWEDISH OCCUPATIONAL HEALTHCARE MARKET IS
EXPECTED TO
DEVELOP FAVORABLY.

Source text for Eikon:  ID:nWkrH8Vnh 
Further company coverage:  TTALO.HE 

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