Medicover: At record high after Q3 trading update

Medicover AB

14/10/2020 08:14

** Shares in Sweden-based healthcare services provider
Medicover  MCOVb.ST  rise 8% and hit highest ever after Q3
trading update
    ** The company said o Tuesday it expects Q3 revenue of EUR
262.5 million ($308.20 million), up 23.8% year on year, with
quarterly EBITDA doubling to EUR 50.1 million  urn:newsml:reuters.com:*:nFWN2H40ST
    ** The group said it continues to see a robust recovery
overall in the business, with additional support from COVID-19
testing and care provision during the quarter
    ** According to Jefferies recovery in revenues was strong
and both revenue and EBITDA were above consensus
    ** Shares are on track for their best day in 6 months and up
31% year to date

($1 = 0.8517 euros)

 ((joanna.wodzicka@tr.com))