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Pihlajalinna (PIHLIS) investor relations material
Pihlajalinna Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary31 Oct, 2025
Executive summary
Profitability improved in Q3 2025, with adjusted EBITA margin rising to 9.7% and EPS increasing to €0.51 from €0.26 year-over-year, aided by one-time gains and efficiency measures.
Revenue declined 9.3% year-over-year to €148.7 million due to weaker demand, contract changes, and divestments, especially in Public Services.
Strategic focus shifted towards Private Healthcare Services, now accounting for 68% of total revenue.
Major new outsourcing contract secured for Northern Pirkanmaa, valued at least €222 million over five years.
Group-wide operational reform initiated, targeting up to 90 administrative role reductions and changes to 120 positions.
Financial highlights
Q3 2025 revenue: €148.7 million (down 9.3% year-over-year); 9M revenue: €501.4 million (down 3.9%).
Q3 adjusted EBITA: €14.4 million (9.7% margin); 9M adjusted EBITA: €47.1 million (9.4% margin).
Q3 EPS: €0.51 (up from €0.26); 9M EPS: €1.35 (up from €0.75), boosted by divestment gains and tax asset recognition.
Net debt/adjusted EBITDA: 2.6x, improved from 3.4x.
Net cash flow from operating activities: €7.3 million in Q3, €58.2 million for 9M.
Outlook and guidance
2025 revenue expected to be approximately €650 million (down from €704.4 million in 2024).
Adjusted EBITA projected to increase to at least €65 million (from €55.2 million in 2024).
Focus on organic growth in Private Healthcare Services and continued profitability improvement.
Impact of Kela reimbursement reduction on Private Healthcare?
Cost savings from operational model reform
Strategy for fixed-price occupational healthcare contracts
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Next Pihlajalinna earnings date
Q4 202512 Feb, 2026
Next Pihlajalinna earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
Pihlajalinna Oyj is a healthcare service provider that operates a network of private clinics, hospitals, and health centers throughout Finland. The company offers a broad range of medical services, including general practice, specialized care, occupational health, and dental care. Pihlajalinna also provides social care services, covering areas such as elderly care and child welfare, in partnership with public sector entities. The company serves individuals, companies, and municipalities, working to integrate public and private healthcare services. The company is headquartered in Tampere, Finland, and its shares are listed on the Helsinki Stock Exchange.
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