Pihlajalinna Oyj - Other information disclosed according to the rules of the Exchange

Pihlajalinna changes its segment reporting and provides comparative segment information for 2023

Pihlajalinna Plc Stock Exchange Release 24 April 2024 at 9:00 a.m.

Pihlajalinna changes its segment reporting and provides comparative segment
information for 2023

Pihlajalinna will change its segment reporting from 1 January 2024. In the
future, Pihlajalinna will have two reportable segments: Private Healthcare
Services and Public Services. The new reporting structure follows Pihlajalinna's
business model and organisational structure.

Private Healthcare Services operating segment consists of private clinic,
diagnostics, hospital, occupational healthcare, remote and fitness center
services. These comprehensive care path services are provided by Pihlajalinna to
corporate customers, insurance companies, the public sector and private
customers through its nationwide network of medical centers and diverse digital
channels.

Public Services operating segment consists of social and healthcare services
produced for the public sector, which include outsourcing and housing services,
mainly remotely produced responsible doctor services, as well as a wide range of
staffing and recruitment services.

Pihlajalinna publishes comparable data in accordance with the new reporting
structure for the financial year 2023. The comparable data includes revenue as
well as reported and adjusted EBITA for each quarter. The comparable data is
unaudited.

In connection with the change, Pihlajalinna has carried out impairment testing
on 31 March 2024, and goodwill has been allocated to cash-generating units in
accordance with the new segment structure. The testing identified no impairment
charges.

Pihlajalinna publishes Q1 2024 Interim Report on Friday, 3 May 2024, at around
8:00 a.m. using the new reporting structure.

The following tables present the unaudited financial information for the
reporting segments of Pihlajalinna for the quarters of 2023 and for the full
year 2023.

2023

EUR million          Private Healthcare Services  Public Services  Group total
Segment revenue      424.3                        313.0
of which             -16.5                        -0.9
intersegment
Revenue from         407.8                        312.2            720.0
external customers

EBITA                27.0                         1.7              28.8
EBITA, % of segment  6.4                          0.6              4.0
revenue

Adjusting items      0.5                          8.5              9.0
affecting
comparability

Adjusted EBITA       27.5                         10.3             37.8
Adjusted EBITA, %    6.5                          3.3              5.2
of segment revenue

Q1 / 2023

EUR million          Private Healthcare Services  Public Services  Group total
Segment revenue      113.0                        79.4
of which             -4.2                         -0.4
intersegment
Revenue from         108.8                        79.0             187.8
external customers

EBITA                9.2                          3.3              12.5
EBITA, % of segment  8.1                          4.2              6.6
revenue

Adjusting items      -1.0                         -0.5             -1.4
affecting
comparability

Adjusted EBITA       8.2                          2.8              11.0
Adjusted EBITA, %    7.3                          3.6              5.9
of segment revenue

Q2 / 2023

EUR million          Private Healthcare Services  Public Services  Group total
Segment revenue      106.2                        81.6
of which             -3.9                         -0.3
intersegment
Revenue from         102.3                        81.3             183.6
external customers

EBITA                5.4                          1.6              7.0
EBITA, % of segment  5.1                          2.0              3.8
revenue

Adjusting items      0.4                          -0.1             0.3
affecting
comparability

Adjusted EBITA       5.8                          1.5              7.3
Adjusted EBITA, %    5.5                          1.8              4.0
of segment revenue

Q3 / 2023

EUR million          Private Healthcare Services  Public Services  Group total
Segment revenue      94.1                         75.6
of which             -3.9                         -0.1
intersegment
Revenue from         90.1                         75.5             165.6
external customers

EBITA                5.4                          3.8              9.2
EBITA, % of segment  5.7                          5.0              5.5
revenue

Adjusting items      0.4                          0.0              0.4
affecting
comparability

Adjusted EBITA       5.8                          3.8              9.6
Adjusted EBITA, %    6.1                          5.0              5.8
of segment revenue

Q4 / 2023

EUR million          Private Healthcare Services  Public Services  Group total
Segment revenue      111.0                        76.5
of which             -4.5                         -0.1
intersegment
Revenue from         106.6                        76.4             183.0
external customers

EBITA                7.1                          -6.9             0.2
EBITA, % of segment  6.4                          -9.0             0.1
revenue

Adjusting items      0.6                          9.1              9.7
affecting
comparability

Adjusted EBITA       7.7                          2.2              9.9
Adjusted EBITA. %    7.0                          2.8              5.4
of segment revenue

Pihlajalinna Plc

Further information:

Tarja Rantala, CFO, tel. +358 40 774 9290, tarja.rantala@pihlajalinna.fi
Tuula Lehto, Chief Communications and Sustainability Officer, tel. +358 40 5885
343, tuula.lehto@pihlajalinna.fi

Distribution:

Nasdaq Helsinki Ltd.
Key media
investors.pihlajalinna.fi

Pihlajalinna in brief
Pihlajalinna is one of the leading providers of private healthcare and social
services in Finland. The Group provides comprehensive and quality private clinic
and hospital services as well as occupational healthcare and insurance
cooperation services. To the wellbeing services counties Pihlajalinna offers
social and healthcare service production models, in which the
cooperation between the public and private sectors guarantees effective services
for citizens. Appoximately 7,000 employees and 2,200 practitioners work at
Pihlajalinna. In 2023, Pihlajalinna's revenue was 720 million euros.
Pihlajalinna's shares are listed on Nasdaq Helsinki Oy. Read more
www.pihlajalinna.fi.

Attachments:

04246599.pdf