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Extensive research

Nightingale Health: Seeking a commercial recipe for success

By Antti LuiroHead of Nordic ER Development, Analyst
Nightingale Health
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Nightingale Health is a technology company built around blood analysis. The company tries with new technology, which initially seems competitive, to break into a conservative health care customer base, where achieving commercial success and its possible timing are, however, very uncertain. Despite the high long-term potential, we still have to wait for the signs of success and believe that positive share price drivers are still scarce. We, therefore, believe that the risk/return ratio will be weak over the next 12 months.

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Nightingale Health operates in the medical technology sector. The company specializes in the development of medical technology products. The product portfolio is broad and includes platforms and services within blood analysis that are used for disease prevention purposes. In addition to the main business, service and related ancillary services are also offered. The business is operated globally with the largest presence in Europe.

Read more on company page

Key Estimate Figures05.06.2023

202223e24e
Revenue2.34.35.2
growth-%0.3 %84.2 %22.2 %
EBIT (adj.)-13.6-18.4-17.8
EBIT-% (adj.)-589.5 %-431.1 %-342.5 %
EPS (adj.)-0.23-0.30-0.30
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA3.1neg.neg.

Forum discussions

I went to ask Teemu about news from the autumn and early winter on video Merry Christmas to the thread! Inderes Nightingale Health: Kaupalliset...
2 hours ago
by Antti Luiro
11
@Homeros This 2022 Nature article was not written by people working at NG. It was the 2023 Nature article. Additionally, it is sometimes forgotten...
12/20/2025, 4:25 PM
by Monsieur
3
Homeros clearly has an understanding of natural sciences, health economics, and medicine regarding the matter.
12/19/2025, 2:05 PM
1
Neither of your claims is true: the cost-benefit ratio is not good, it is therefore completely unproven, and I don’t understand the time savings...
12/19/2025, 2:03 PM
0
I don’t actually know anything; I’m only trying to discuss openly the research results that NG itself refers to. People here didn’t seem to ...
12/19/2025, 1:55 PM
by Homeros
5
Wouldn’t it make sense in Finland to test the entire population (adults) once a year, combined with a meeting (a nurse would suffice) for some...
12/19/2025, 11:58 AM
by Junnu
2
True, that’s how it goes. What is the real price? Hardly that TT’s selling price, but I don’t believe that HVA gets it at the RRP (ovh) either...
12/19/2025, 8:50 AM
by Peetuli
0
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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.