30.03.2017
MediClin AG DE0006595101
DGAP-News: MediClin Continues to Grow Further
DGAP-News: MediClin AG / Key word(s): Final Results
MediClin Continues to Grow Further
30.03.2017 / 16:30
The issuer is solely responsible for the content of this announcement.
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MediClin Continues to Grow Further
Offenburg, 30 March 2017 - The Management Board of MEDICLIN
Aktiengesellschaft (MediClin) showed himself satisfied with the business
development of the 2016 financial year at this year's press conference.
Clearly increased Group sales and a Group-EBIT slightly above previous
year's level were presented. "We have changed our performance portfolio very
targeted in the last couple of years - partly through capacity expansions
but also through capacity adjustments", said Jens Breuer, CFO of MediClin.
And he added: "The changes always took place under the premises that the
demand for the service exists and the seasonal effects are getting more
moderate and the service will be higher reimbursed".
For the 2017 financial year the Management Board forecasts Group sales
growth similar to the previous year, that is between 4.0% and 5.0% and a
Group-EBIT slightly above previous year's level between EUR 25 und EUR 27
million.
MediClin offers first-rate medical services in areas of expertise
MediClin will grow further in the future. The areas of expertise are
neurology, cardiology, orthopaedics and psychosomatic and psychiatric
conditions. "In these specialist fields we offer first-rate medical services
for certain treatments, which we have bundled under the term "excellence",
said Volker Hippler, CEO of MediClin and added: "Patients and their
relatives as well as coverage providers can thus easily obtain information
on our specific medical and therapeutic expertise also on
www.mediclin-exzellenz.de.
For the benefit of the patients: Integrated medical care
The extension of integrated medical care is part of MediClin's company
strategy right from the beginning. MediClin takes the advantages resulting
from a close cooperation between acute medicine and rehabilitation. "Clinics
which, in addition to their rehabilitation services, offer medical services
in acute neurology and acute psychosomatics in the scope of their integrated
care concept contributed considerably to the performance in 2016", said Ulf
Ludwig, COO, and responsible for the business areas rehabilitation and
nursing care.
Summary of the development of the Group and the Segments.
Group sales in the amount of EUR 580.3 mill. increased compared to the
previous year by EUR 25.0 mill. or 4.5 %. The post-acute segment contributed
the largest share to sales growth of EUR 20.1 mill.
The Group-EBIT rose from EUR 23.6 mill. to EUR 24.0 mill. The result
attributable to shareholders of MediClin AG amounts to EUR 16.5 mill., same
as in the 2015 financial year; earnings per share are EUR 0.35 (previous
year: EUR 0.35).
Development of the Segments
Sales increased in the post-acute segment by EUR 20.1 mill. from EUR 330.9
mill. to EUR 351.0 mill. The clinics which offer exclusively rehabilitation
services added to the sales plus as well as the clinics which offer
additional medical services in acute neurology and acute psychosomatics in
the scope of an integrated care concept. Sales in the acute segment improved
by EUR 3.9 mill. from EUR 206.7 mill. to EUR 210.6 mill. and in the nursing
care business area from EUR 14.1 mill. to EUR 14.7 mill. The post-acute
segment result improved by EUR 4.6 mill. from EUR 13.9 mill. to EUR 18.5
mill., the segment EBIT-margin accounts for 5.3 %. The acute segment result
reduced by EUR 2.9 mill. from EUR 8.7 mill. to EUR 5.8 mill. due to
increased expenses. The segment EBIT-margin accounts for 2.8 %.
MediClin is well positioned: Sound financial structure and stable results of
operation
The equity ratio is 52.3 %, and the net financial debt amounts to EUR 7.1
mill. In addition to cash and cash equivalents of EUR 41.6 mill. (previous
year: EUR 29.5 mill.) the Group has sufficient credit lines to support
capacity expansions in MediClin's medical focus areas as well as to generate
additional sales.
Hight investments secure growth
In the 2016 financial year EUR 28.1 mill. (previous year: EUR 27.0 mill.)
were invested in non-current assets (gross amount), including subsidies in
the amount of EUR 6.4 mill. (previous year: EUR 2.7 mill.). EUR 18,5 mill.
(previous year: EUR 16.7 mill.) was spent on maintenance and repair.
The 2016 Annual Report is available on our website in German and English.
www.mediclin.de
About MediClin AG (Ticker: MED; WKN: 659 510)
MediClin AG is a nation-wide clinic operator and large provider of services
in the area of Psycho- and Neurosciences as well as Orthopaedic. With 34
clinics, 7 nursing care facilities and 8 medical care centres in 11 federal
states MediClin has a total capacity of close to 8,100 beds. MediClins'
facilities include acute care clinics, general hospitals, special treatment
facilities, specialised hospitals and clinics for post-acute treatment as
well as medical rehabilitation. MediClin has approximately 9,300 employees.
Important notice:
This press release includes future-oriented statements which are based on
assumptions and estimates. While MediClin AG is of the opinion that these
assumptions and estimates are correct, the actual future developments and
actual future results may deviate from these assumptions and estimates due
to the impact of various factors such as changes in the economic conditions
in Germany, legal changes concerning the health system, changes relating to
cost providers' expense behaviour. MediClin does not assume liability and
gives no warranty that future developments and the income actually achieved
in the future will comply with the assumptions and estimates stated in this
press release.
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30.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: MediClin AG
Okenstraße 27
77652 Offenburg
Germany
Phone: +49 (0)781 488-326
Fax: +49 (0)781 488-184
E-mail: [email protected]
Internet: www.mediclin.de
ISIN: DE0006595101
WKN: 659510
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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