Pihlajalinna - No bigger surprises with Q2 result
Pihlajalinna’s Q2 result was somewhat in line with our expectations. Q2 revenue amounted to EUR 114.7m vs. EUR 112.1m/119.1m Evli/cons, while adj. EBIT landed at EUR 0.6m vs. EUR 0.2m/1.8m Evli/cons estimates. EPS was EUR -0.03 vs. our EUR -0.03.
- Q2 revenue was EUR 114.7m vs. EUR 112.1m/119.1m Evli/cons estimates. Revenue declined by 11.6% y/y.
- Q2 adj. EBITDA was EUR 9.0m (7.9% margin) vs. EUR 9.1m/10.3m Evli/cons estimates.
- Q2 adj. EBIT was EUR 0.6m (0.5% margin) vs. EUR 0.2m/1.8m Evli/cons estimates.
- Q2 EPS was EUR -0.03 vs. EUR -0.03/0.02 Evli/cons.
- According the company, the pandemic and restrictions reduced customer flows the most in fitness centers, private clinics and dental clinics but over half of the business remained stable during Q2, despite of the situation.
- The company didn’t provide a guidance for 20E at this point, due to the weak visibility caused by the virus.