On Monday morning, Viafin Service released its first quarter interim report, revealing a decrease in turnover to EUR 15.0 million compared to 16.4 million euros in the same period a year earlier. Despite this decrease, the company’s operating result improved to 0.2 million euros from 0.1 million euros in the previous year, which aligned with Inderes’ forecast of a turnover drop to 14.2 million euros.
Viafin has decided to maintain its financial guidance for the 2024 fiscal year, expecting an increase in turnover and an improvement in the relative operating result. The company had a turnover of 75.4 million euros in 2023, with an operating profit percentage of 5.5 percent. During the review period, Viafin acquired OT Service Oy among other purchases, and CEO Heikki Pesu highlighted these strategic extensions and mentioned that the company’s current cash resources support ongoing growth while prioritizing shareholder value.
Looking ahead to the 2024 financial year, Pesu estimates that approximately 85 percent of the turnover will come from maintenance business, with the remaining 15 percent from project business. This strategic focus reflects Viafin’s commitment to continued growth and success as they continue their efforts to expand their operations and improve their bottom line for shareholders.