EQS-News

MEDICLIN increases consolidated sales and operating result in the first quarter of 2024

EQS-News: MEDICLIN AG / Key word(s): Quarterly / Interim Statement MEDICLIN increases consolidated sales and operating result in the first quarter of 2024 02.05.2024 / 13:00 CET/CEST The issuer is solely responsible for the content of this announcement.

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Offenburg, 2 May 2024
MEDICLIN increases consolidated sales and operating result in the first quarter of 2024

• MEDICLIN increases its consolidated sales for the first quarter of 2024 by 4.9% to EUR 185.4 million 
• Group EBIT of EUR 4.1 million significantly higher than in the same period of the previous year (EUR -1.7 million)
• Capacity utilisation rate up on previous year at 85.1 % (3M 2023: 82.4 %)

Offenburg, 2 May 2024: In the first three months of 2024, MEDICLIN Aktiengesellschaft (MEDICLIN) generated consolidated sales of EUR 185.4 million, which is EUR 8.7 million or 4.9 % more than in the first quarter of 2023. Consolidated operating profit improved by EUR 5.8 million from EUR -1.7 million to EUR 4.1 million compared to the same period of the previous year. Overall capacity utilisation of 85.1% (3M 2023: 82.4%) underlines a solid first quarter.

"We are focussing on rehabilitation and want to develop and offer ambulatory solutions. The changes in our portfolio underline this. The sale of the former MEDICLIN Herzzentrum Coswig was completed on 1 April with the transfer of operations to the new owner," says Dr Joachim Ramming, CEO of MEDICLIN, adding: "On 5 April, we signed the purchase agreement for the Reha-Klinik am Sendesaal in Bremen, thereby highlighting our core competence, rehabilitation."

Tino Fritz, CFO of MEDICLIN, comments: "MEDICLIN ended the first quarter of 2024 with a solid result. Overall capacity utilisation is not yet in line with our target, but is stable at a satisfactory level. The first quarter is a seasonally weak quarter, which is why we are positive about the remaining quarters."

Sales and earnings performance of the segments

In the post-acute segment, sales increased by 6.4% to € 112.7 million (3M 2023: € 105.9 million). At € 5.9 million, segment operating profit was € 3.0 million higher than in the same period of the previous year (3M 2023: € 2.9 million). The cost of materials ratio remained unchanged at 22.3%. At € 25.1 million, the absolute cost of materials was 6.5% higher than in the previous year (3M 2023: € 23.6 million). Personnel expenses increased by € 1.4 million or 2.3% to € 61.7 million compared to the same quarter of the previous year. The personnel expenses ratio fell to 54.8% (3M 2023: 56.9%).