PR Newswire
GÖTEBORG, Sweden, May 3, 2017
GÖTEBORG, Sweden, May 3, 2017 /PRNewswire/ -- January - March 2017
[1] Refer to page 32 for definitions of EBITDA and EBITA. Profit for the period refers to profit attributable to parent company shareholders.
[2] Refer to note 2 for calculations of earnings per share (before and after dilution).
CEO comments:
"A solid start to the year."
Nordic continued to show solid net sales and result growth in line with expectations. Organic sales growth in the quarter was 4.9% and total sales growth was 13.1%. The operating result (EBITA) increased by 42% and the margin (EBITA) improved by 110 basis points to 5.1%. The result development was positively impacted by the Easter calendar effect.
The productivity increase in primary care in Sweden continued and Capio S:t Göran's hospital in Stockholm continued to enjoy good sales growth. Specialist care is successfully developing the geriatric business in Stockholm resulting in good growth, and is continuing the work to streamline its offer in the free healthcare choice market. A country wide orthopedics division has been formed with the ambition to help to eliminate waiting lists in this specialty in the 21 county councils.
Digital test consultations within primary care will start during the spring and summer with a full roll-out of digital doctor consultations from the autumn and onwards.
In France the aim this year is to keep the EBITA margin flat and in a longer perspective increase margins despite the tough pricing environment. The tools for this are a continued implementation of Modern Medicine leading to a more Rapid Recovery for patients and a larger proportion of treatments being made without over-night stay in hospital. Improved medical quality and expansions in new specialties will continue to drive the patient growth.
Germany continues the good trend from last year. 4.6% organic sales growth and 22% EBITA growth do not only reflect an Easter calendar effect, but also continuous improvements in the general hospitals.
The focus going forward is of course on securing the ongoing positive trends in the current business by intensified work with Modern Medicine and Modern Management.
Since the end of 2016, we have increased acquisition activities. We have so far added net sales of MSEK 900 from acquisitions on a full year basis. Acquisitions made have margins above group average and will contribute positively to the margin development in 2017 and will gradually be enhanced further by synergies. The acquisition activity is expected to continue.
Thomas Berglund
President and CEO
Presentation of the interim report
Investors, analysts and media are invited to participate in a telephone conference on May 3, 2017 at 13.30 pm (CET). President and CEO Thomas Berglund and CFO Olof Bengtsson will present the report and answer questions. The telephone conference will be audio casted live on www.capio.com. To participate in the telephone conference, please register at www.capio.com and dial in five minutes prior to the start of the conference call.
Sweden: +46-8-566-426-92
UK: +44-203-008-98-01
US: +1-855-753-22-35
Finland: +35-898-171-04-93
France: +33-170-75-07-12
Prior to the start of the telephone conference, presentation slides will be available at www.capio.com.
A recorded version of the audio cast will be available at www.capio.com during the afternoon (CET).
For further information
Thomas Berglund
President and CEO
Telephone: +46-733-88-86-00
E-mail: thomas.berglund@capio.com
Olof Bengtsson
CFO
Telephone: +46-761-18-74-69
E-mail: olof.bengtsson@capio.com
Kristina Ekeblad
Investor Relations Manager
Telephone: +46-708-31-19-40
E-mail: kristina.ekeblad@capio.com
Henrik Brehmer
SVP Group Communication and Public Affairs
Telephone: +46-761-11-34-14
E-mail: henrik.brehmer@capio.com
For further information regarding Capio's IR activities, refer to www.capio.com
This information is information that Capio AB (publ) 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 Henrik Brehmer set out above, at 12.30 (CET) on May 3, 2017.
About Capio
Capio AB (publ) is a leading, pan-European healthcare provider offering a broad range of high quality medical, surgical and psychiatric healthcare services through its hospitals, specialist clinics and primary care units. Since the Danish operation was acquired at the beginning of 2017, Capio operates in five countries; Sweden, Norway, Denmark, France and Germany. In 2016, Capio's 12,435 employees provided healthcare services during 4.7 million patient visits across the Group's facilities, generating net sales of MSEK 14,069. Capio operates across three geographic segments: Nordic (54% of Group net sales 2016), France (38% of Group net sales 2016) and Germany (8% of Group net sales 2016). For more information about Capio, please see www.capio.com.
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The following files are available for download:
Capio AB (publ) Interim report January â€" March 2017 |
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