Terveystalo Oyj (TTALF) Q2 2026 Earnings Call Transcript

Terveystalo Oyj (TTALF) Q2 2026 Earnings Call July 17, 2026 3:30 AM EDTCompany ParticipantsJuuso Pajunen - Chief Financial OfficerVille Iho - President...

Company Participants Juuso Pajunen - Chief Financial Officer Ville Iho - President & CEO Conference Call Participants Sami Sarkamies - Danske Bank A/S, Research Division Presentation Juuso Pajunen Chief Financial Officer Good morning, all. My name is Juuso Pajunen. I will be having today a dual role as the host of the Terveystalo half year results presentation and as a CFO at a later stage.

But let's now give the word to Ville Iho, President and CEO of Terveystalo, and let's start the webcast for the half year results. Ville, please? Ville Iho President & CEO Thank you, Juuso, and good morning from sunny Helsinki.

Let's start recapping Terveystalo's second quarter. Of course, it was a busy quarter for Terveystalo. We, of course, released multiple big things, not the least, the Silmaasema acquisition, our new financial targets and our new strategy.

On the business side, it was still a challenging quarter. The market conditions continue to be abnormally negative, and that has been reflecting into our revenue line and with that one also to profitability to our numbers. We made adjustments according to the lower volumes.

And given that one, given the actions we took, we can be, of course, pleased with the customer service results, customer experience numbers are all-time high as well as medical quality key indicator PEI. But revenue line, obviously negative as well as adjusted EBIT EPS and also net debt-to-EBITDA leverage ratio went slightly up. Double-clicking on those negative market drivers.

First of all, public purchases from private health care, which are not even seen in this Slide, were still almost nonexistent. So health care counties have insourced quite a bit of their activities, and they are still reorganizing the cooperation models with the private health care