DGAP-News: Medios AG / Key word(s): Half Year Results
25.09.2018 / 10:27
The issuer is solely responsible for the content of this announcement.
Medios AG publishes half-year financial report 2018 – growth path continues
Berlin, 25 September 2018 – Medios AG (“Medios”), one of Germany’s leading speciality pharma companies, benefited from the ongoing high demand for individualised medicine and a consistent expansion of the number of Medios partner pharmacies in the first half of 2018.
Group revenue rose in the reporting period by 24% to EUR 145 million (previous year: EUR 117 million), according to the half-year financial report (IFRS) published today. Earnings before tax (EBT) increased by 5.4% to EUR 4.08 million (previous year: EUR 3.9 million) before non-recurring, non-cash expenses of EUR 1.15 million for stock options. Adjusted for the non-recurring start-up costs of EUR 0.64 million for the laboratories acquired in September 2017, EBT grew by 22.0% to EUR 4.7 million.
The balance sheet of Medios AG increased as a result of this growth to EUR 87.3 million as of 30 June 2018 (31 December 2017: EUR 61.7 million). As of 30 June 2018 cash and cash equivalents amounted to EUR 15.1 million.
Continuous expansion of pharmacy partner network
Manfred Schneider, CEO of Medios AG: “We have reached important key milestones in the first half of 2018 and are well on track for the full year. By starting operations in Medios Individual and successfully expanding our network of partner pharmacies to over 140 at present, we have prepared the basis for further revenue and earnings growth.”
Full-year forecast 2018 confirmed
Medios AG plans to continue this profitable growth. After the start of business operations at Medios Individual, profitability is set to improve successively. The full potential of this strategic move is expected to be realised from 2019 onwards.
Further information on the business performance of Medios AG in the first half-year 2018 can be found in the half-year financial report, which is available for download at https://medios.ag/en/investor-relations/financial-reports/.
About Medios AG
25.09.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 30 232 566 – 800|
|Fax:||+49 30 232 566 – 801|
|Listed:||Regulated Market in Frankfurt (General Standard), Hamburg; Regulated Unofficial Market in Dusseldorf|
|End of News||DGAP News Service|