Brief: Medicover Q3 Operating Profit Falls To EUR 9.1 Mln

Medicover AB

03/11/2022 07:20

Nov 3 (Reuters) - Medicover AB  MCOVb.ST :
    * INTERIM REPORT JULY-SEPTEMBER 2022
    * Q3 REVENUE AMOUNTED TO EUR 368.6M (EUR 335.0M)
    * Q3 OPERATING PROFIT (EBIT) WAS EUR 9.1M (EUR 30.0M)
    * Q3 NET PROFIT/(LOSS) AMOUNTED TO EUR -3.4M (EUR 18.4M)
    * WE REMAIN CONFIDENTTHAT WE WILL BE WITHIN FINANCIAL
ADJUSTED
EBITDA MARGIN TARGET OF 15.5-16.5% FOR 2022, DESPITE
THEHEADWINDS FROM AN UNUSUAL HIGH NUMBER OF UNCERTAIN FACTORS
FACEDTHIS YEAR
    * WE EXPERIENCED HIGHEST INFLATION RATES FOR MANY YEARS IN
SEVERAL
OF OUR CORE MARKETS WHICH IMPACT PROFITABILITY
    * WE WILL MOST LIKELY CONTINUE TO SEE HIGH INFLATION IN
COMING
QUARTERS

Source text for Eikon:  ID:nWkr2RBJ01 
Further company coverage:  MCOVb.ST 
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