Highlights January – June 2006

Report this content

• Revenue for the 6-month period ending 30 June 2006 amounted to € 36.0 million (€ 27.4 million), representing 31 percent revenue growth versus the corresponding period last year. Excluding acquisition effects, the revenue growth was 24 percent. • Revenue for the quarter ending 30 June 2006 amounted to € 18.1 million (€ 14.1 million), representing 28 percent revenue growth versus the corresponding period last year. Excluding acquisition effects, the revenue growth was 22 percent. • Constant currency revenue growth versus last year for the 6-month period amounted to 27 percent (excluding acquisition effects 20 percent) and for the second quarter to 24 percent (excluding acquisition effects 18 percent). • Membership growth continued to be strong with 27,400 new members added during the first half of the year (25,400) and 13,100 during the second quarter (13,700), reaching a total member base of 218,100 (165,300), some 32 percent above last year’s level. • The operating profit (EBIT) for the 6-month period reached € 1.1 million (€ 0.9 million) and for the second quarter € 0.6 million (€ 0.5 million). • The operating profit before depreciation and amortization (EBITDA) for the 6-month period amounted to € 3.4 million (€ 2.4 million) or 9.3 percent of revenue (8.9 percent) and for the second quarter to € 1.7 million (€ 1.3 million), representing 9.5 percent ( 9.3 percent) of revenue. • Net cash inflow from operating activities, after tax payments, was € 1.0 million (inflow € 1.7 million) for the first half of the year and 0.5 million (€ 1.4 million) for the second quarter. • The profit after tax for the first half of the year amounted to € 1.0 million (€ 0.1 million) equivalent to a profit per share of € 0.073 (€ 0.006) and the diluted profit per share was € 0.072 (€ 0.006). The second quarter profit after tax was € 0.5 million (€ 41,000) equivalent to a profit per share of € 0.032 (€ 0.003) and a diluted profit per share was € 0.032 (€ 0.003). • An all cash tender offer of SEK 120 per share for all outstanding shares in Medicover was announced on 30th June 2006. The acceptance period runs from 24th July to 18th August 2006.

Subscribe

Documents & Links