MediClin AG: Significant sales increase in all segments
DGAP-News: MediClin AG / Key word(s): Half Year Results
Offenburg, August 1, 2019
Significant sales increase in all segments
In the first half year of 2019, Group sales of MEDICLIN Aktiengesellschaft (MEDICLIN) of EUR 335.4 mill. were 4.3 % or EUR 14.0 mill. higher than in the comparable prior-year's period. Sales in the post-acute segment rose by EUR 10.4 mill. or 5.3 % up to EUR 207.3 mill. The acute segment improved it sales by EUR 3.8 mill. or 3.3 % up to EUR 118.2 mill. Sales in the nursing care business area were close to the prior-year's level.
The reported Group operating result for the first half year of 2019 amounts to EUR 6.1 mill. (1HY 2018: EUR 6.3 mill.). The segment result of the post-acute segment came out to EUR 9.4 mill. (1HY 2018: EUR 7.6 mill.) and the segment result of the acute segment came out to EUR -1.3 mill. (1HY 2018: EUR 1.2 mill.).
In the first six months of 2019 gross investments amounted to EUR 21.7 mill. (1HY 2018: EUR 19.7 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. Cash and cash equivalents as of 30 June 2019 amounted to EUR 19.3 mill. (31.12.2018: EUR 33.8 mill.). On average MEDICLIN employed about 10.244 employees in the first half year of 2019.
The business performance to date and the outlook for the 3rd quarter, which is traditionally the strongest season in terms of sales and earnings, indicate that the Group will reach its targets for the 2019 financial year.
In the second half of 2019, the Management Board expects growing sales for the Group and a significantly better Group operating result, despite rising staff costs and raw materials and consumables used.
The Management Board expects that due to the legislator's regulatory requirements, in particular expenditures for qualified staff will increase significantly in the current financial year.
The interim report as of 30 June 2019 is available on the homepage of MEDICLIN in German and English from today on. www.mediclin.de
About MEDICLIN AG (Ticker: MED; WKN: 659 510)
MEDICLIN owns 36 clinics, seven nursing care facilities, two in-home elder care services and ten medical care centres. The Group has about 8,350 beds and a headcount of more than 10,000. 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. Doc-tors, 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.
01.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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