Aesthetic clinic operator M1 Kliniken H1 revenue falls as HAEMATO Pharm disposal cuts trading sales

M1 Kliniken AG

09/09/2026 07:43

Overview
Germany aesthetic medicine provider's Beauty segment H1 revenue grew 11%, EBIT up 23.8% yr/yr
Group revenue fell sharply after trading business sale; results not fully comparable yr/yr
Company completed exit from trading segment, now focused on Beauty clinic expansion

Outlook
M1 Kliniken targets Beauty segment revenue of EUR 200-300 mln by 2029
Company aims for a sustainable EBIT margin of at least 20% in Beauty segment
M1 Kliniken plans to expand national and international clinics to drive growth

Result Drivers
EFFICIENCY GAINS - Co said improved operating processes supported Beauty segment performance
MEDICAL CAPACITY EXPANSION - Targeted expansion of medical capacity contributed to Beauty segment growth
TRADING SEGMENT EXIT - Sharp decline in trading business results due to sale of HAEMATO Pharm GmbH and exit from trading segment

Company press release: ID:nEQc5LG3sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 76.60 mln
 
H1 EBIT
 
EUR 15.60 mln
 
H1 EBITDA
 
EUR 17.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy."
Wall Street's median 12-month price target for M1 Kliniken AG is €29.00, about 43.2% above its September 8 closing price of €20.25
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)