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Offenburg, 12 May 2016 – The members of the Management Board of MEDICLIN Aktiengesellschaft (MediClin) are satisfied with the business development of the first three months of the 2016 financial year.
In the first quarter of 2016, Group sales of EUR 141.9 mill. were EUR 5.3 mill. or 3.9 % higher compared to the value of the first quarter 2015. The post-acute segment recorded a sales increase by EUR 4.5 mill., while the acute segment posted a EUR 0.6 mill. and the nursing care business area a EUR 0.2 mill. increase. Thus, the positive sales development seen in 2015 continued in the first quarter of the new financial year.
Group EBIT amounted to EUR 1.7 mill. and was thus EUR 0.1 mill. higher than the previous year’s value. The post-acute segment solely contributed to the earnings improvement.
Gross investments amounted to EUR 7.1 mill. in the first quarter of the 2016 financial year (Q1 2015: EUR 6.8 mill.), pertaining mainly to the reconstruction and expansion of clinics. Capital expenditure is thus in line with the annual budget. Cash and cash equivalents as of 31 March 2016 amounted to EUR 25.0 mill. (31.12.2015: EUR 29.5 mill.).
The good start into the 2016 financial year indicates that the sales and earnings targets for the Group and the segments can be achieved.
The interim report for the period from 1 January 2016 to 31 March 2016 is available under 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 Neuro-sciences 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 approximately 8,000 beds. MediClins’ facilities include acute care clinics, i.e., general hospitals, special treatment facilities, specialised hospitals and clinics for post-acute treatment and medical rehabilitation. MediClin has approximately 9,000 employees.
MediClin ─ a company of the Asklepios Group