contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


pihlajalinna-role-outsourcing-continues-shrinking

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Olli Vilppo

Petri Kajaani

Pihlajalinna produces private social and health services. The company offers comprehensive medical center and hospital services as well as occupational health and insurance cooperation services. In addition, Pihlajalinna offers services for welfare areas, such as social and health care service production models. The company was founded in 2001 and its head office is located in Tampereella, Finland.

By the way, Ron made quite a big geographical error in the title.

Here are Roni’s comments as Pohde has chosen Pihlajalinna as the provider of occupational health services.  This is a continuation of the old contract, but slightly broader. Pihlajalinna announced yesterday that the North Ostrobothnia (Pohde) wellbeing services county has chosen Pihlajalinna as the provider of occupational health services. The agreement covers 14,000 employees, making it a rather significant occupational health agreement for Pihlajalinna. It is mainly a continuation of the old agreement, but includes extensions regarding certain services.                   Inderes              Pihlajalinna ja Pohjois-Pirkanmaan hyvinvointialue jatkavat...    Pihlajalinna tiedotti eilen Pohjois-Pohjanmaan (Pohde) hyvinvointialueen valinneen Pihlajalinnan työterveyspalveluiden tuottajaksi.

Nordea’s card data for October looks a bit weak in Pihlajalinna’s segment:  Admittedly, a strong comparison period as well.

OP was slightly more bullish than Ron in its recent report and ended up with a Buy recommendation with a target price of €18: “Pihlajalinna’s quarter was more challenging than expected due to lost occupational health customers, low purchases from wellbeing services counties, and significantly lower morbidity. On the other hand, the profitability of public services was at a record level, and the company’s sales pipeline looks promising for next year. We raised our forecasts for next year, which is why our target price is adjusted to 18.00 euros (prev. 17.70). Following the share price decline in recent days, we consider the return potential over a one-year horizon to be very good. We raise the recommendation to BUY (prev. ADD).”

Roni has prepared a new company report on Pihlajalinna.  Pihlajalinna’s Q3 figures fell short of our estimates, which, given the profit warning issued the day before the results, was not a big surprise. In our opinion, the softness is mainly due to external factors, and the company’s own operations are still on track. At the current valuation, we remain invested in the stock (26e adj. P/E below 10x) and see the risk-reward ratio as attractive. We cut our target price to EUR 17.0 (previously EUR 17.5) and reiterate our Add recommendation. https://www.inderes.fi/research/pihlajalinna-q325-tuloskasvussa-pysyttiin-vastatuulista-huolimatta

A lot has happened at Pihlajalinna this autumn! We went through the themes quite comprehensively in the CEO’s interview:                   Inderes              Pihlajalinna Q3'25: Tulosohjeistus vaatii vahvaa tekemistä loppuvuonna - Inderes    Aika: 31.10.2025 klo 13.48 Pihlajalinna antoi tulospäivän kynnyksellä tulosvaroituksen, kun yhtiö arvioi liikevaihdon jäävän tänä vuonna odotettua matalammalle tasolle.  Toisaalta yhtiö piti tulosohjeistuksen ennallaan, mikä vaatii vahvaa tekemistä...

Here are Roni’s comprehensive comments on Pihlajalinna’s Q3 results.   *Pihlajalinna’s Q3 figures fell short of our forecasts regarding operational figures, which was not a big surprise after yesterday’s [profit warning](https://www.inderes.fi/releases/pihlajalinna-oyj-sisapiiritieto-tulosvaroitus-pihl

Pihlajalinna

Pihlajalinna’s Q1 result was strong and slightly above our estimates. The positive earnings development was again based on clearly improved profitability in the private clinic network. We raised...

<p>Pihlajalinna’s Q1 result was strong and slightly above our estimates. The positive earnings development was again based on clearly improved profitability in the private clinic network. We raised our estimates in line with the earnings overshoot of Q1. We still find the company’s return/risk ratio good despite the elevated political risks. </p> 

	2020	21e	22e
Revenue	508.7	549.0	568.8
growth-%	-1.9 %	7.9 %	3.6 %
EBIT (adj.)	21.1	26.4	27.7
EBIT-% (adj.)	4.1 %	4.8 %	4.9 %
EPS (adj.)	0.52	0.72	0.76
Dividend	0.20	0.24	0.25
Dividend %	2.1 %	1.7 %	1.8 %
P/E (adj.)	18.1	19.7	18.7
EV/EBITDA	7.8	8.0	7.5

Pihlajalinna: Role of outsourcing continues shrinking

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Key Estimate Figures09.05.2021

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