On Monday morning, Viafin Service released its first quarter interim report. Despite a decrease in turnover to EUR 15.0 million in the first quarter of 2024 compared to 16.4 million euros in the same period the previous year, the maintenance company saw an improvement in its operating result, which rose to 0.2 million euros from 0.1 million euros in the comparison period.
The analysis house Inderes predicts that turnover will continue to decline to EUR 14.2 million for the company. However, Viafin Service plans to maintain its financial guidance for the 2024 financial year, with expectations of increased turnover and improved operating results. The recent acquisition of OT Service Oy, which provides mechanical maintenance and workshop services, as part of its growth strategy is expected to positively impact the company’s cash resources and future growth prospects.
CEO Heikki Pesu highlighted that these acquisitions will account for approximately 85 percent of turnover with project business making up the remaining 15 percent of projected total turnover for the financial year 2024. He believes that this diversification will help mitigate any potential downturns in any one business line and ensure long-term stability and growth for Viafin Service as a whole.
