Viafin Service Reveals First Quarter Interim Report with Improved Operating Result and Strategic Expansion Plans

Viafin Service, a maintenance company, announced its first quarter interim report on Monday morning. The report revealed that the company’s turnover decreased to EUR 15.0 million in the first quarter of 2024 compared to 16.4 million euros in the same period a year earlier. Despite this decrease, Viafin’s operating result improved to 0.2 million euros from 0.1 million euros in the previous year, and aligned with Inderes’ forecast.

The only analysis house following the company, Inderes, had predicted a turnover drop to 14.2 million euros, which diverged from the actual result. However, 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.

During the review period, Viafin acquired OT Service Oy and other purchases were made by the company. The CEO of Viafin, Heikki Pesu, highlighted these strategic extensions and stated that the current cash resources of the company support ongoing growth while prioritizing shareholder value.

Looking ahead to the 2024 financial year, Pesu estimates that approximately 85 percent of Viafin’s turnover will come from maintenance business with remaining 15 percent from project business. This strategic focus reflects Viafin’s commitment to continued growth and success.

In conclusion, despite a decrease in turnover during Q1 of 2024 compared to Q1 of 2023