Pihlajalinna Oyj: Pihlajalinna changes its segment reporting and provides comparative segment information for 2023
Pihlajalinna Plc Stock Exchange Release 24 April 2024 at 9:00 a.m.
Pihlajalinna changes its segment reporting and provides comparative segment information for 2023
Pihlajalinna will change its segment reporting from 1 January 2024. In the future, Pihlajalinna will have two reportable segments: Private Healthcare Services and Public Services. The new reporting structure follows Pihlajalinna's business model and organisational structure.
Private Healthcare Services operating segment consists of private clinic, diagnostics, hospital, occupational healthcare, remote and fitness center services. These comprehensive care path services are provided by Pihlajalinna to corporate customers, insurance companies, the public sector and private customers through its nationwide network of medical centers and diverse digital channels.
Public Services operating segment consists of social and healthcare services produced for the public sector, which include outsourcing and housing services, mainly remotely produced responsible doctor services, as well as a wide range of staffing and recruitment services.
Pihlajalinna publishes comparable data in accordance with the new reporting structure for the financial year 2023. The comparable data includes revenue as well as reported and adjusted EBITA for each quarter. The comparable data is unaudited.
In connection with the change, Pihlajalinna has carried out impairment testing on 31 March 2024, and goodwill has been allocated to cash-generating units in accordance with the new segment structure. The testing identified no impairment charges.
Pihlajalinna publishes Q1 2024 Interim Report on Friday, 3 May 2024, at around 8:00 a.m. using the new reporting structure.
The following tables present the unaudited financial information for the reporting segments of Pihlajalinna for the quarters of 2023 and for the full year 2023.
2023
EUR million Private Healthcare Services Public Services Group total
Segment revenue 424.3 313.0
of which -16.5 -0.9
intersegment
Revenue from 407.8 312.2 720.0
external customers
EBITA 27.0 1.7 28.8
EBITA, % of segment 6.4 0.6 4.0
revenue
Adjusting items 0.5 8.5 9.0
affecting
comparability
Adjusted EBITA 27.5 10.3 37.8
Adjusted EBITA, % 6.5 3.3 5.2
of segment revenue
Q1 / 2023
EUR million Private Healthcare Services Public Services Group total
Segment revenue 113.0 79.4
of which -4.2 -0.4
intersegment
Revenue from 108.8 79.0 187.8
external customers
EBITA 9.2 3.3 12.5
EBITA, % of segment 8.1 4.2 6.6
revenue
Adjusting items -1.0 -0.5 -1.4
affecting
comparability
Adjusted EBITA 8.2 2.8 11.0
Adjusted EBITA, % 7.3 3.6 5.9
of segment revenue
Q2 / 2023
EUR million Private Healthcare Services Public Services Group total
Segment revenue 106.2 81.6
of which -3.9 -0.3
intersegment
Revenue from 102.3 81.3 183.6
external customers
EBITA 5.4 1.6 7.0
EBITA, % of segment 5.1 2.0 3.8
revenue
Adjusting items 0.4 -0.1 0.3
affecting
comparability
Adjusted EBITA 5.8 1.5 7.3
Adjusted EBITA, % 5.5 1.8 4.0
of segment revenue
Q3 / 2023
EUR million Private Healthcare Services Public Services Group total
Segment revenue 94.1 75.6
of which -3.9 -0.1
intersegment
Revenue from 90.1 75.5 165.6
external customers
EBITA 5.4 3.8 9.2
EBITA, % of segment 5.7 5.0 5.5
revenue
Adjusting items 0.4 0.0 0.4
affecting
comparability
Adjusted EBITA 5.8 3.8 9.6
Adjusted EBITA, % 6.1 5.0 5.8
of segment revenue
Q4 / 2023
EUR million Private Healthcare Services Public Services Group total
Segment revenue 111.0 76.5
of which -4.5 -0.1
intersegment
Revenue from 106.6 76.4 183.0
external customers
EBITA 7.1 -6.9 0.2
EBITA, % of segment 6.4 -9.0 0.1
revenue
Adjusting items 0.6 9.1 9.7
affecting
comparability
Adjusted EBITA 7.7 2.2 9.9
Adjusted EBITA. % 7.0 2.8 5.4
of segment revenue
Pihlajalinna Plc
Further information:
Tarja Rantala, CFO, tel. +358 40 774 9290, tarja.rantala@pihlajalinna.fi
Tuula Lehto, Chief Communications and Sustainability Officer, tel. +358 40 5885 343, tuula.lehto@pihlajalinna.fi
Distribution:
Nasdaq Helsinki Ltd.
Key media
investors.pihlajalinna.fi