Medicover: Interim Report April-June 2018

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27 Jul, 2018, 06:21 GMT

STOCKHOLM, July 27, 2018 /PRNewswire/ -- Second quarter

Revenue increased by 13.8% to €161.1m (€141.6m). Organic revenue grew by 13.7%.
Operating profit amounted to €6.4m (€5.7m), representing an operating margin of 4.0% (4.0%).
Net profit amounted to €7.0m (€2.3m), which represents a net profit margin of 4.3% (1.6%).
Cash flow from operating activities amounted to €7.3m (€8.9m).
Basic/diluted earnings per share (EPS) were €0.050 (€0.016).
EBITDA increased by 10.7% to €13.5m (€12.2m), corresponding to an EBITDA margin of 8.4% (8.6%).

First half

Revenue increased by 13.9% to €323.0m (€283.5m). Organic revenue grew by 14.0%.
Net profit amounted to €16.4m (€6.7m), which represents a net profit margin of 5.1% (2.4%).
EBITDA increased by 12.2% to €28.5m (€25.4m), corresponding to an EBITDA margin of 8.8% (9.0%).

REVENUE AND EARNINGS

€ millions (€m)	Q2 2018	Q2 2017	Growth	6M 2018	6M 2017	Growth	FY 2017
Revenue	161.1	141.6	14%	323.0	283.5	14%	580.2
Operating profit	6.4	5.7	12%	14.5	12.5	16%	28.8
Operating profit margin, %	4.0%	4.0%		4.5%	4.4%		5.0%
Net profit	7.0	2.3	204%	16.4	6.7	145%	20.2
Net profit margin, %	4.3%	1.6%		5.1%	2.4%		3.5%
Earnings per share, €	0.050	0.016	213%	0.117	0.054	117%	0.157
Diluted earnings per share, €	0.050	0.016	213%	0.117	0.054	117%	0.157

EBITDA	13.5	12.2	11%	28.5	25.4	12%	55.0
EBITDA margin, %	8.4%	8.6%		8.8%	9.0%		9.5%

For Alternative Performance Measure definitions and reconciliations, refer to note 7.

This information is information that Medicover AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 8.00 (CEST) on 27 July 2018. This interim report and other information about Medicover, is available at medicover.com.

For further information, please contact:
Paula Treutiger
Corporate Communications & Investor Relations, Director
Phone: +46-73-66 6599
Mail: paula.treutiger@medicover.com