Medicover : Year-end report January-December 2020

STOCKHOLM, Feb. 12, 2021 /PRNewswire/ --

Fourth quarter           

• Revenue amounted to €297.7m (€229.7m), an increase of 29.6% with an organic growth of 26.6%.            
• Operating profit (EBIT) was €29.9m (€10.8m), representing an operating margin of 10.1% (4.7%).           
• Net profit amounted to €18.8m (€6.6m), which represents a net profit margin of 6.3% (2.9%).           
• EBITDA was €53.1m (€33.4m), an increase of 59.1%. EBITDA margin was 17.8% (14.5%).           
• EBITDAaL amounted to €41.2m (€22.3m), corresponding to an EBITDAaL margin of 13.9% (9.7%).            
• Net cash flow from operating activities was €40.4m (€25.0m).           
• Basic/diluted earnings per share were €0.123 (€0.048).            
• Covid-19 had a positive financial impact on operating performance.

Full year           

• Revenue amounted to €997.8m (€844.4m), an increase of 18.2% with an organic growth of 11.3%.            
• Operating profit (EBIT) was €61.3m (€46.5m), an increase of 32.1%, representing an operating margin of 6.1% (5.5%).           
• Net profit amounted to €27.3m (€24.7m), which represents a net profit margin of 2.7% (2.9%).           
• EBITDA was €157.5m (€120.7m), an increase of 30.6%. EBITDA margin was 15.8% (14.3%).           
• EBITDAaL amounted to €108.5m (€80.6m), an increase of 34.7% corresponding to an EBITDAaL margin of 10.9% (9.5%).            
• Net cash flow from operating activities was €156.0m (€87.3m).           
• Basic/diluted earnings per share were €0.182 (€0.168).            
• Directed share issue of 15 million shares completed in June 2020, net proceeds of €141.9m.           
• The board of directors proposes a dividend for 2020 of €0.07 per share.

REVENUE AND EARNINGS

Definition and reconciliation of alternative performance measures are available at www.medicover.com/financial-information

This report has not been subject to review by the Company's auditor.

This 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 7.45 (CET) on 12 February 2021. This year-end 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

Conference call: A conference call for analysts and investors will be held today at 09.30 CET. To listen in please register here. To ask questions please dial in and use code: 4585621
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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 2019, Medicover had revenue around €844 million and 28,800 employees. For more information, go to www.medicover.com

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