Pihlajalinna Plc:Pihlajalinna pays contingent consideration in relation to the Itä-Suomen Lääkärikeskus Oy acquisition

Pihlajalinna Plc, Stock Exchange Release 6 July 2016 at 9.00

Pihlajalinna pays contingent consideration in relation to the Itä-Suomen Lääkärikeskus Oy acquisition

Pihlajalinna pays contingent consideration of EUR 1.5 million in relation to the acquisition of Itä-Suomen Lääkärikeskus Oy. Also the net cash 0.4 million euros will be paid at the same time.

The contingent consideration is based on the company's adopted Annual Accounts 2015 which turned out better than anticipated. The contingent consideration will be paid on 6 July 2016.

The additional purchase price was registered on 31 March 2016 as contingent consideration and the payment of it has no effect on Pihlajalinna's profit.

P&L summary, Itä-Suomen

Lääkärikeskus Oy (FAS)
     
€ 000 FY13A FY14A FY15A
Net sales 11 396 11 753 13 105
Other operating income 133 113 70
Materials and supplies -6 548 -6 799 -7 637
Personnel expenses -2 052 -2 114 -2 168
Other operating expenses -1 331 -1 498 -1 577
EBITDA 1 598 1 456 1 793
Depreciation and amortization -275 -466 -469
EBIT 1 323 991 1 323
Financial income 181 111 181
Financial expenses -17 -48 -28
Taxes -366 -212 -301
Profit for the year 1 121 841 1 176


Balance sheet summary, Itä-Suomen

Lääkärikeskus Oy  (FAS)
     
€ 000 31.12.2013 31.12.2014 31.12.2015
Intangible assets 1 680 1 595 1 311
Tangible assets 374 329 325
Investments 3 792 5 049 5 832
Non-current assets 5 846 6 972 7 468
Loan receivables 54 54 0
Inventories 343 328 304
Short-term receivables 799 855 1012
Short-term investments 405 191 10
Cash and cash equivalents 133 115 297
Total assets 7 579 8 515 9 091
       
Equity 6 775 7 104 7 795
Long-term loans 27 609 451
Short-term loans 777 802 845
Total equity and liabilities 7 579 8 515 9 091

Further information

Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Plc, +358 40 848 4001, terhi.kivinen@pihlajalinna.fi

Distribution

Nasdaq Helsinki Oy

Major media

investors.pihlajalinna.fi   

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