Terveystalo Oyj

Sari Heinonen, Executive Vice President of Healthcare Services at Terveystalo Plc, will leave the company on April 15, 2025, to become President of LocalTapiola Group. Terveystalo plans to announce her successor later. CEO Ville Iho expressed gratitude for Heinonen's leadership, noting the successful completion of a profit improvement program and a strong development agenda. Heinonen praised her team and expressed confidence in Terveystalo's future success. Terveystalo is Finland's largest private healthcare provider and a leading occupational health provider in the Nordic region, with extensive services and a significant customer base.

Terveystalo Plc announced that its Shareholders' Nomination Board has made proposals for the 2025 Annual General Meeting. The Board recommends that the number of Board members remain at seven, with Kari Kauniskangas, Sofia Hasselberg, Ari Lehtoranta, Carola Lemne, Kristian Pullola, Matts Rosenberg, and Teija Sarajärvi being re-elected. Kari Kauniskangas is proposed to continue as Chairman, and Matts Rosenberg as Vice Chairman. All candidates are independent of the company, with Matts Rosenberg not being independent of major shareholders due to his role as CEO of Rettig Group. The Nomination Board also proposed that Board members receive part of their remuneration in company shares and cash, with specific attendance fees for meetings based on the location of residence. The proposals will be included in the invitation to the Annual General Meeting. Terveystalo is the largest private healthcare provider in Finland and a leading occupational health provider in the Nordic region, employing over 15,500 professionals.

Terveystalo Oyj announced that its Board of Directors has approved updated financial targets and a dividend policy for the medium term, reflecting the company's improved performance and focus on value creation. The targets include profitable growth, a moderate leverage ratio, and attractive dividends. Terveystalo will hold a Capital Markets Day on December 4 to discuss its strategy and long-term financial targets, with webcast details and presentations available on their website. Terveystalo is Finland's largest private healthcare provider and a leading occupational health provider in the Nordic region, offering a range of healthcare services through numerous clinics in Finland and Sweden. The company is listed on the Helsinki Stock Exchange and employs over 15,500 professionals.

Terveystalo Plc has updated its profitability guidance for 2024, expecting an adjusted EBITA margin of 12.5-13.1%, up from the previous estimate of 12.0-12.5%, while maintaining its revenue growth forecast. The improved outlook is attributed to stronger-than-expected demand and enhanced operational efficiency. The company anticipates its full-year revenue to grow from EUR 1,286 million in 2023, despite a projected annual revenue decrease of EUR 10 million in its outsourcing business and a decline in the Sweden segment due to macroeconomic factors. The estimates take into account factors such as inflation, consumer demand, employment, VAT increases, salary adjustments, and a one-off personnel cost payment. No major acquisitions or divestments are included in these projections. Terveystalo is the largest private healthcare provider in Finland and a leading occupational health service provider in the Nordic region, with extensive digital and physical healthcare services. The company is listed on the Helsinki Stock Exchange and employs over 15,500 professionals.