Q2 2024 Terveystalo Oyj Earnings Call Transcript
Key Points
- Terveystalo PLC (FRA:4TS) reported its strongest second quarter ever, with significant improvements across all key financial metrics.
- Healthcare services, the company's largest business segment, drove both top-line and margin growth, contributing to a 5% increase in revenue.
- The company's Net Promoter Score (NPS) reached a record-high level, indicating strong customer satisfaction.
- Adjusted EBITA increased by 50% year-on-year, reaching EUR 42.5 million, with a margin of 12.5%.
- The company has successfully implemented a profitability improvement program, resulting in a 91% increase in EPS and strong cash flow generation.
- The Swedish business has not yet shown full results, with improvements expected to materialize in 2025.
- The portfolio business, including dental and massage services, continues to be impacted by lower consumer purchasing power.
- Outsourcing services within the portfolio business are experiencing a decline, as anticipated.
- The company faces challenges in the Swedish market due to weak demand and ended customer contracts.
- Despite improvements, the company acknowledges that the consumer demand environment remains unstable, particularly in the dental segment.
Good morning, everybody, and welcome to Terveystalo's half-year results webcast and phone conference. My name is Kati Kaksonen and I'm responsible for Terveystalo investor relations, sustainability, and communications. As usual, we'll have the presentations held first by our CEO, Ville Iho, and then the result analysis followed by our CFO, Juuso Pajunen and, after that, we'll have time for your questions. We'll take questions from the phone lines as well as through the webcast after the presentations. Without further ado, over to you, Ville.
Thanks, Kati. From my behalf as well, very good and hopefully sunny July morning from Helsinki. Terveystalo Q2 results, I have a great pleasure to present them today. We can say that this is strongest second quarter ever in Terveystalo history. And it's not only one number. It's across-the-board great results and strong
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
