Interim report July–September 2021
Third quarter
- Revenue amounted to €335.0m (€262.5m), an increase of 27.6% with an organic growth of 23.9%.
- Operating profit (EBIT) was €30.0m (€27.3m), representing an operating margin of 9.0% (10.4%).
- Net profit amounted to €18.4m (€19.5m), which represents a net profit margin of 5.5% (7.5%).
- EBITDA was €58.0m (€50.1m), an increase by 15.7%. EBITDA margin was 17.3% (19.1%).
- EBITDAaL amounted to €42.8m (€38.1m), corresponding to an EBITDAaL margin of 12.8% (14.5%).
- Net cash flow from operating activities was €67.0m (€41.2m).
- Basic/diluted earnings per share were €0.123 (€0.108).
Nine months
- Revenue amounted to €1,001.1m (€700.1m), an increase of 43.0% with an organic growth of 44.1%.
- Operating profit (EBIT) was €117.8m (€31.4m), representing an operating margin of 11.8% (4.5%).
- Net profit amounted to €78.2m (€8.5m), which represents a net profit margin of 7.8% (1.2%).
- EBITDA was €195.3m (€104.4m), an increase by 87.0%. EBITDA margin was 19.5% (14.9%).
- EBITDAaL amounted to €153.9m (€67.3m), corresponding to an EBITDAaL margin of 15.4% (9.6%).
- Net cash flow from operating activities was €162.8m (€116.1m).
- Basic/diluted earnings per share were €0.501 (€0.054).
REVENUE AND EARNINGS
| € millions (€m) | Q3 2021 | Q3 2020 | Growth | 9M 2021 | 9M 2020 | Growth | FY 2020 |
| Revenue | 335.0 | 262.5 | 28% | 1,001.1 | 700.1 | 43% | 997.8 |
| Operating profit (EBIT) | 30.0 | 27.3 | 10% | 117.8 | 31.4 | 275% | 61.3 |
| Operating profit margin | 9.0% | 10.4% | 11.8% | 4.5% | 6.1% | ||
| Net profit | 18.4 | 19.5 | -6% | 78.2 | 8.5 | 819% | 27.3 |
| Net profit margin | 5.5% | 7.5% | 7.8% | 1.2% | 2.7% | ||
| Basic/diluted earnings per share, € | 0.123 | 0.108 | 14% | 0.501 | 0.054 | 828% | 0.182 |
| EBITDA | 58.0 | 50.1 | 16% | 195.3 | 104.4 | 87% | 157.5 |
| EBITDA margin | 17.3% | 19.1% | 19.5% | 14.9% | 15.8% | ||
| EBITDAaL | 42.8 | 38.1 | 12% | 153.9 | 67.3 | 129% | 108.5 |
| EBITDAaL margin | 12.8% | 14.5% | 15.4% | 9.6% | 10.9% | ||
| EBITA | 32.6 | 30.1 | 8% | 125.3 | 44.2 | 183% | 76.9 |
| EBITA margin | 9.7% | 11.5% | 12.5% | 6.3% | 7.7% |
Definition and reconciliation of alternative performance measures are available at www.medicover.com/financial-information.
This is information that Medicover AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below at 7.45 (CET) on 3 November 2021. This interim report and other information about Medicover is available at medicover.com.
For further information, please contact:
Hanna Bjellquist, Head of Investor Relations
Phone: +46 70 303 32 72
E-mail: hanna.bjellquist@medicover.com
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Financial Calendar
Year-end report January-December 2021 11 February 2022
Interim report January-March 27 April 2022
Annual general meeting 27 April 2022
Interim report April-June 22 July 2022
Interim report July-September 3 November 2022
Medicover is a leading international healthcare and diagnostic services company and was founded in 1995. Medicover operates a large number of ambulatory clinics, hospitals, specialty-care facilities,laboratories and blood-drawing points and the largest markets are Poland and Germany. In 2020, Medicover had revenue of EUR 998 million and more than 32,000 employees. For more information, go to www.medicover.com