AEVIS VICTORIA SA / Key word(s): Quarter Results
23-Apr-2019 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Fribourg, 23 April 2019
AEVIS VICTORIA SA: Consolidated revenues up by 11.2% to CHF 177.3 million in first quarter 2019 (Q1 2018: CHF 159.4 million), organic growth of 6.5%
In the first quarter of 2019, AEVIS VICTORIA increased its revenues by 11.2% to CHF 177.3 million
(Q1 2018: CHF 159.4 million). In addition to organic growth of 6.5%, acquisitions contributed CHF 7.4 million to growth. Swiss Medical Network increased revenues in the first quarter by 12% to CHF 159.6 million (Q1 2018: CHF 142.5 million), and achieved organic growth of 8.1% despite lower tariffs. Sales in the hotel segment remained stable at CHF 12.5 million (Q1 2018: CHF 12.5 million). At the operational level, the Group continued its cost reduction and optimization program. The investments made to improve the offering are bearing fruit: these include the opening of a day hospital at the Clinique Générale Beaulieu in Geneva in the first quarter, a medical centre including radiology at the Clinique de Valère in Sion (VS) in the second quarter and the opening of the new hospital at the Clinique Villa im Park de Rothrist (AG) in the fourth quarter. In the hotel sector, the Eden au Lac in Zurich, which is being completely renovated under the direction of designer Philippe Starck, will reopen its doors in the second half of 2019. Following the sale of a stake in Infracore, AEVIS VICTORIA has sufficient liquidity to repay the CHF 145 million bond issued in 2014 and due in June 2019. This will drastically reduce future financial expenses and debt.
For further information:
AEVIS VICTORIA SA Media and Investor Relations: c/o Dynamics Group, Zurich
Philippe R. Blangey, firstname.lastname@example.org, +41 (0) 43 268 32 35 ou +41 (0) 79 785 46 32
Séverine Van der Schueren, email@example.com, +41 (0) 79 635 04 10
AEVIS VICTORIA SA - Investing for a better life
AEVIS VICTORIA SA invests in healthcare, lifestyle and infrastructure. AEVIS VICTORIA′s main shareholdings are Swiss Medical Network SA, the second largest group of private hospitals in Switzerland, Victoria-Jungfrau Collection AG, a luxury hotel group managing four luxury hotels in Switzerland, Infracore SA (80%), a real estate company dedicated to healthcare-related infrastructure, a hospitality real estate division, Medgate (40%), the leading telemedicine provider in Switzerland, and NESCENS SA, a brand dedicated to better aging. AEVIS VICTORIA is listed on the Swiss Reporting Standard of the SIX Swiss Exchange (AEVS.SW).
End of ad hoc announcement