Pihlajalinna Plc publishes historical financial information for new business areas and customer groups

Pihlajalinna Plc                            Stock Exchange Release                                      27 April 2018 at 13:30


Pihlajalinna Plc publishes historical financial information for new business areas and customer groups

Pihlajalinna publishes historical revenue information for 2017 for the new geographical business areas and customer groups. Pihlajalinna's segment reporting changes due to the operational restructuring, as the company announced on 14 March 2018. The operating segments will be the geographical business areas that are combined into one reportable segment.

Pihlajalinna will report its Group-level results as its segment data in 2018, while its Group-level results for 2017 will be presented as comparative data. Pihlajalinna will also report its revenue in 2018 based on business areas and customer groups according to the IFRS 15 requirements on disaggregation of revenue.

Revenue by geographical business areas

Pihlajalinna’s geographical business areas are Southern Finland, Mid-Finland, Ostrobothnia and Northern Finland

  • Southern Finland includes Pihlajanlinna's business operations in the regions of Uusimaa, South West Finland, Päijät-Häme, Kymenlaakso and South Karelia.
  • Mid-Finland includes Pihlajalinna's business operations in the regions of Pirkanmaa, Satakunta, Kanta-Häme, Central Finland, South Savo, North Karelia and North Savo.
  • Ostrobothnia includes Pihlajalinna's business operations in the regions of Southern Ostrobothnia, Ostrobothnia and Central Ostrobothnia.
  • Northern Finland includes Pihlajalinna's business operations in Northern Ostrobothnia, Kainuu and Lapland.
quarterly
EUR million  Q4/2017  %  Q3/2017  %  Q2/2017  %  Q1/2017  % 
Southern Finland  15.0 12 12.2 11 16.3 13 17.1  14 
Mid-Finland  76.8 62 71.4 63 75.4 62 77.8  63 
Ostrobothnia  26.7 22 25.8 23 26.3 22 26.6  21 
Northern Finland  2.6 2 2.0 2 1.3 1 1.6  1 
Other  1.7 1 1.2 1 1.8 1 1.4  1 
Elimination -14.9 -13.2 -14.5 -14.4    
Consolidated revenue  107.9     99.4     106.7     110.0    


cumulative
EUR million  1-12/2017  %  1-9/2017  %  1-6/2017  %  1-3/2017  % 
Southern Finland  60.7  13  45.6 13 33.4 14 17.1  14 
Mid-Finland  301.4  63  224.6 63 153.2 62 77.8  63 
Ostrobothnia  105.4  22  78.7 22 52.9 22 26.6  21 
Northern Finland  7.6  2  5.0 1 2.9 1 1.6  1 
Other  6.0  1  4.4 1 3.1 1 1.4  1 
Elimination -57.1     -42.2 -29.0 -14.4    
Consolidated revenue  424.0     316.1     216.7     110.0    


Revenue by customer groups

Pihlajalinna’s customer groups are corporate customers, private customers and public sector customers.

  • Group’s corporate customers consists of Pihlajalinna’s occupational healthcare customers, insurance companies and other corporate agreement customers excluding public sector occupational healthcare customers (municipalities, joint municipal authorities, congregations, hospital districts, public administration).
  • Group’s private customers are self-paying individuals, who may apply for compensation from insurance companies later.
  • Group’s public sector customers consists of public sector organisations in Finland such as municipalities, joint municipal authorities, congregations, hospital districts and public administration procuring social and healthcare outsourcing services, residential services, occupational healthcare services and staffing services.

quarterly 

EUR million  Q4/2017  %  Q3/2017  %  Q2/2017  %  Q1/2017  % 
Corporate customers  21.1 17 18.2 16 20.9 17 22.4 18
   of which insurance companies  6.5 5 5.4 5 6.9 6 7.8 6
Private customers  17.3 14 13.6 12 18.0 15 19.0 15
Public sector customers  84.5 69 80.8 72 82.2 68 83.0 67
Eliminations  -14.9 -13.2 -14.5 -14.4    
Consolidated revenue  107.9     99.4     106.7     110.0    


cumulative
EUR million  1-12/2017  %  1-9/2017  %  1-6/2017  %  1-3/2017  % 
Corporate customers  82.6 17 61.5 17 43.3 18 22.4 18
   of which insurance companies  26.6 6 20.1 6 14.7 6 7.8 6
Private customers  67.9 14 50.6 14 37.0 15 19.0 15
Public sector customers  330.5 69 246.0 69 165.2 67 83.0 67
Eliminations  -57.1     -42.2 -29.0 -14.4    
Consolidated revenue  424.0     316.1     216.7     110.0    

For further information, please contact:
Siri Markula, Head of Communications and IR, tel. +358 40 743 2177, siri.markula@pihlajalinna.fi

Distribution:
Nasdaq Helsinki
Key media
investors.pihlajalinna.fi

Pihlajalinna in brief
Pihlajalinna is one of the leading private social and healthcare services providers in Finland. The company serves private individuals, businesses, insurance companies and public sector entities, such as municipalities and joint municipal authorities. In its private clinics and hospitals Pihlajalinna provides general practitioner services, specialised care, emergency and on-call services, a wide range of surgical services, occupational healthcare and dental care. In addition, the company offers innovative social and healthcare service provision models to public sector entities.

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