Pihlajalinna Oyj

Pihlajalinna Plc has appointed Mika Videman as Chief People and Culture Officer, effective 1 October 2024. Videman, who has been serving as the interim HR Director since autumn 2023, brings extensive experience in human resources management and business leadership, having held senior positions at Fazer Group and Nokia Corporation. CEO Tuomas Hyyryläinen expressed confidence in Videman's ability to enhance employee satisfaction and contribute to the company's success. Videman emphasized the importance of building impactful healthcare services and a strong corporate culture. The updated management team includes Tuomas Hyyryläinen (CEO), Heikki Färkkilä (CSOO), Tuula Lehto (CCSO), Lauri Muhonen (CIO), Tarja Rantala (CFO), Sari Riihijärvi (CMO), Seppo Kariniemi (Interim COO, Public Services), Marko Savolainen (CLO), and Mika Videman (CPO). Pihlajalinna is a leading provider of private healthcare and social services in Finland, employing approximately 7,000 people and generating 720 million euros in revenue in 2023.

Pihlajalinna Plc released its unaudited Half Year Financial Report for the period from January 1 to June 30, 2024, on August 9, 2024. The company reported improved profitability and customer satisfaction. Key highlights include: - The adjusted EBITA increased to EUR 11.4 million from EUR 7.3 million in the previous year. - The Private Healthcare Services segment saw a revenue increase to EUR 112.3 million, with a 9.5% comparable organic revenue growth. - The Public Services segment experienced a revenue decline to EUR 66.1 million due to changes in outsourcing contracts but saw an adjusted EBITA increase to EUR 5.2 million from EUR 1.6 million. - The company's financial position strengthened, supported by a new EUR 170 million sustainability-linked loan agreement. - Customer satisfaction improved across various segments, with notable NPS scores. - The number of employees decreased to 6,721 due to service transfers, while the number of practitioners remained stable. CEO Tuomas Hyyryläinen noted continued efforts to strengthen organic growth and profitability. The company anticipates steady demand but acknowledges potential impacts from slowed economic growth and weakened consumer confidence. Pihlajalinna will hold a live webcast for analysts and media on August 9, 2024. The full report is available on the company's website.

Pihlajalinna Plc will release its Half Year Financial Report for January 1–June 30, 2024, on Friday, August 9, 2024, at approximately 8:00 a.m. The report will be available on the company's website. A live webcast for analysts, investors, and media will be held on the same day at 10:00 a.m., featuring CEO Tuomas Hyyryläinen, CFO Tarja Rantala, and Chief Communications and Sustainability Officer Tuula Lehto. The webcast will be conducted in Finnish, and a recording will be available later on the same webpage. Pihlajalinna is a leading private healthcare and social services provider in Finland, employing around 7,000 people and 2,200 practitioners, with a 2023 revenue of 720 million euros. Its shares are listed on Nasdaq Helsinki Oy. Further information can be obtained from CFO Tarja Rantala and Chief Communications and Sustainability Officer Tuula Lehto.

Pihlajalinna Plc has issued a profit warning, raising its profitability guidance for 2024. The company expects its adjusted EBITA to surpass EUR 48 million in 2024, up from EUR 37.8 million in 2023, while maintaining its revenue outlook. Pihlajalinna's focus for 2024 will be on organic growth and improving its financial position, although economic challenges may impact demand and financial results. Preliminary data for the second quarter of 2024 shows revenue at EUR 174.8 million, down from EUR 183.6 million in Q2 2023, but adjusted EBITA increased to EUR 11.4 million from EUR 7.3 million. The half-year financial report will be published on 9 August 2024. Pihlajalinna is a major provider of private healthcare and social services in Finland, with around 7,000 employees and 2,200 practitioners. In 2023, the company's revenue was EUR 720 million, and its shares are listed on Nasdaq Helsinki.

Pihlajalinna Plc announced the completion of its share repurchase program, which ran from March 27, 2024, to June 28, 2024. The company acquired 109,181 shares at an average price of EUR 8.5795 per share through public trading on Nasdaq Helsinki Ltd. The repurchase was authorized by the Annual General Meetings held on April 4, 2023, and April 10, 2024. The acquired shares will be used for the Group's incentive program and Board of Directors' remuneration. Post-repurchase, Pihlajalinna holds 141,184 own shares, representing 0.62% of the total shares. Pihlajalinna is a leading provider of private healthcare and social services in Finland, employing around 7,000 staff and 2,200 practitioners, with a 2023 revenue of 720 million euros.