Pihlajalinna (PIHLIS) Pre-silent presentation summary

Strategic developments

• Selected as service provider for Northern Pirkanmaa outsourcing and as occupational healthcare partner for Lassila & Tikanoja, Restel, and Onni.

• Continued divestment of care units, with three sold to Attendo.

• Ended operations in the South Ostrobothnia wellbeing service county at the end of 2025.

• Continues as occupational healthcare partner for the Northern Ostrobothnia wellbeing area.

• New operating model and management team to be implemented from the beginning of 2026.

Financial outlook and performance

• Revenue for 2025 estimated at approximately €650 million, down from €704.4 million in 2024.

• Adjusted EBITA expected to increase to at least €65 million, up from €55.2 million in 2024.

• Focus on organic growth in Private Healthcare Services and continued profitability improvement.

Operational highlights and market trends

• Seasonal strengthening of demand observed.

• Operational management of fixed-price occupational healthcare customers progressed as planned.

• Ongoing management of personnel costs amid business transformation.

• Rapid public-sector tendering introduced to reduce queues.