Terveystalo strategy review: Terveystalo enters the next development phase, financial targets updated
Terveystalo Plc Stock Exchange Release 15 June 2020 at 14:00 EEST
As a part of its annual strategy review, Terveystalo's Board of Directors has approved the new focus areas of the company’s strategy period of 2021-2025 along with strategic and financial targets.
Terveystalo’s mission continues to be fighting for a healthier life
Terveystalo will act for a healthier, better life for all. It means that we do not only tailor the care for our customers, we strive to build a healthier society.
Our vision is to empower lifelong health and well-being
Our work is not only to cure illnesses. We offer support, advice and stay connected. Our role is to support the customers’ health and wellbeing with our data-driven knowledge and services.
Strategic and financial targets
During the strategy period 2021-2025 Terveystalo’s strategic objectives are:
- The profitability leader in the Nordic region in private health services
- The preferred choice by customers and professionals
To achieve these strategic objectives the Board of Directors approved the following focus areas for the strategy period:
- We build the smartest service model in the industry - We offer the most relevant service to the customer regardless of time, place and channel, from the beginning to the end of the integrated care chain.
- We act as the customer’s health partner - We engage in dialogue with the customers, anticipate their needs and offer comprehensive wellbeing services.
In addition, service expansion in well-being and strategic and complementary acquisitions continue to be a part of Terveystalo’s growth strategy.
Terveystalo Board of Directors confirmed the following long-term financial targets:
At least 5% annual growth in revenue in the long term through a combination of organic growth and acquisitions
An adjusted EBITA margin of 12–13% of revenue in the medium to long term
Interest-bearing Net debt/Adjusted EBITDA not to exceed 3.5 times. However, indebtedness may temporarily exceed the target level, for example, in conjunction with acquisitions
The aim is to distribute at least 40% of net profit as dividends annually. The proposed dividend shall take Terveystalo’s long-term development potential and financial position into account.
Capital Markets Day in Helsinki 2 September 2020
Terveystalo has the pleasure to invite analysts, institutional investors and media to its Capital Markets Day in Helsinki. The event will take place on 2 September 2020. The event focuses on Terveystalo’s growth plans and business prospects. Through management presentations, the attendees will hear about Terveystalo’s roadmap to reach the strategic and financial targets.
For more information, please contact:
Kati Kaksonen, Director, Investor Relations and Corporate Responsibility
Tel. +358 10 345 2034
Nasdaq Helsinki Oy
Terveystalo in brief
Terveystalo is a listed company on the Helsinki Stock Exchange. Terveystalo is the largest healthcare service company in Finland with net sales and network. The company offers versatile primary and secondary healthcare services for corporate and private customers and the public sector. The nationwide network covers 300 locations across Finland. The clinic network is complemented by 24/7 digital services.
In 2019, Terveystalo had approximately 1.2 million individual customers and approximately 3.7 million visits to a physician. Terveystalo employs over 13,000 health care professionals. www.terveystalo.com