Terveystalo shares in ugly decline – The portfolio manager evaluates new information

Health service company Health house reports grim figures for the first quarter of the year. Turnover decreased by 11 percent.

“Yes, it says something,” he said S‑Bank portfolio manager Jyrki Nyberg Directly from Kauppalehti Economic morning on Friday.

At the beginning of the year, Terveystalo’s adjusted operating result fell by as much as 30 percent from the comparison period and clearly fell short of analysts’ forecasts.

“Yes, these clearly indicate that there are few challenges in the health care market at the moment,” Nyberg said and added that another company in the health care industry has also announced challenges.

Rival Pilajalinna said at the end of March that he would start the big ones change negotiationswhich include 2,100 people out of 4,500 employees. According to a preliminary estimate, approximately 270 positions may be reduced.

Terveystalo, on the other hand, said earlier this week from large change negotiations, which concern approximately 4,400 people and 110 positions may be reduced. According to Nyberg, it is still difficult to say about the outcome of the negotiations and thus the effects on the company.

Terveystalo’s share price has fallen by around 30 percent in a year. The journalist who hosted the broadcast Heidi Huotilainen asked Nyberg how Terveystalo looks now as an investment target.

“It has to be looked at with new eyes, what are the possibilities from now on. History has been visible in itself for some time, that there are challenges in the entire market and there have not been as many flu patients as, say, a year before and so on. There are a lot of market-specific factors that are not the company’s fault in themselves,” Nyberg stated.

“But we do have to analyze with new eyes what the future expectations are,” said Nyberg.

After 10:30 a.m., Terveystalo’s share price was down more than nine percent.

Vaisala’s CEO also visited the day’s broadcast Kai Öistämö reporting on the company’s situation and Kiinteistöliito’s social relations manager Janne Salakka opening the effects of the renovation construction support measures outlined in the opening framework on housing associations. You can watch Friday’s Economic Morning in its entirety below.