Outlook

Terveystalo updated its market outlook on 6th May 2020 when publishing the first quarter interim report. These views are based on the expected development of demand for Terveystalo’s services within the next six months, compared with the past six months.

In the short term, the market environment is very uncertain because of the exceptional measures to control the COVID-19 epidemic. This decreases demand for Terveystalo’s services in the short term.The improvement of demand in the second half of 2020 would require gradual lifting of the restrictions, on movement of people in particular, during the spring and summer. In April 2020, the revenue from corporate and private customer goups declined by approximately 30 percent year-on-year.
With respect to corporate customers, the restrictions on movement are expected to decrease revenue from nonurgent medical care, preventive services, and well-being services in the second quarter of2020. On the other hand, demand for remote services will increase considerably.
Among private customers, revenue from nonurgent medical care, well-being services, and oral health services is expected to decrease in the second quarter of the year. However, demand for remote services will increase considerably.
Public sector demand will continue strong in service sales and staffing services. Compared with the first quarter of 2020, revenue from outsourcing is expected to develop positively in the second quarter of the year, as a new contract is starting at the beginning of April.

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