MEDICLIN increased Group sales by 7.5 % in the first half year of 2018 compared to prior-year period

DGAP-News: MediClin AG / Key word(s): Half Year Results

02.08.2018 / 14:03

The issuer is solely responsible for the content of this announcement.


MEDICLIN increased Group sales by 7.5 % in the first half year of 2018 compared to prior-year period

Offenburg, 2 August 2018 – In the first six months of 2018 MEDICLIN Aktiengesellschaft achieved Group sales amounting to EUR 321.4 mill., thus EUR 22.5 mill. or 7.5 % higher than the value of the first half year of 2017. The Group operating result improved by EUR 0.7 mill. from EUR 5.6 mill. up to EUR 6.3 mill.

Given the business performance in the first six months of the 2018 financial year, the Management Board assumes that the guidance defined for FY 2018 will be reached.

Pleasing business development in the segments post-acute and acute

Sales in the post-acute segment climbed by EUR 14.4 mill. (+7.9 %), some EUR 2.9 mill. of which were contributed by the medical facilities acquired in the second quarter of 2017. The segment EBIT was EUR 7.6 mill., up from EUR 7.0 mill. in the prior-year period (EBIT margin: 3.9 %).

In the acute segment sales rose on the previous year by EUR 7.5 mill. (+7.0 %). The segment EBIT improved by EUR 2.2 mill. from EUR -1.0 mill. to EUR 1.2 mill. (EBIT margin: 1.0 %).

Sales in the nursing care business area rose by EUR 0.1 mill.

High investments for further growth

Gross investments amounted to EUR 19.7 mill. in the first six months of the 2018 financial year (H1 2017: EUR 20.6 mill.), pertaining mainly to the reconstruction and expansion of clinics and the acquisition of medical equipment. Capital expenditure is thus in line with the annual budget. The current biggest project will be building a new clinic for neurology, neurointensive care and neurophysiology at the location of MediClin Hedon Klinik in Lingen. The construction costs of this new hospital will amount to about EUR 30.0 mill. The German federal state of Lower Saxony will subsidise this investment under the hospital financing law (KHG) and contribute EUR 20.0 mill.

Cash and cash equivalents as of 30 June 2018 amounted to EUR 31.5 mill. (31.12.2017: EUR 26.9 mill.).

Number of employees increased significantly

The average number of full-time employees has increased significantly by 306 employees on average compared to the prior-year six-month period. On average, this means that MEDICLIN employs about 465 more persons than in the previous year. Also the number of trainees increased on average from 270 trainees in the first six months of 2017 to 289 trainees in the first six months 2018 in the Group.

The overall headcount is about 9,960.

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About MEDICLIN AG (Ticker: MED; WKN: 659 510)

MEDICLIN owns 36 clinics, seven nursing care facilities, three home nursing care services and nine medical care centres. The Group has nearly 8,300 beds and a headcount of about 9,960. With its strong network, MEDICLIN can offer its patients integrated care from the first visit to the doctor to surgery, post-operative rehabilitation and follow-up care at home. Doctors, therapists and nurses work together closely to achieve the best results. MEDICLIN plans the care of persons in need in accordance with their individual requirements and personal needs, either at home or in a nursing care facility.

MEDICLIN – A company of the Asklepios Group


02.08.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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Language: English
Company: MediClin AG
Okenstraße 27
77652 Offenburg
Germany
Phone: +49 (0)781 488-326
Fax: +49 (0)781 488-184
E-mail: alexandra.muehr@mediclin.de
Internet: www.mediclin.de
ISIN: DE0006595101
WKN: 659510
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

 
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