Overview
Healthcare services firm's Q4 revenue rose 10% yr/yr, driven by organic growth
Operating profit for Q4 increased 50% yr/yr, reflecting improved margins
Net profit for Q4 more than doubled yr/yr, showcasing enhanced profitability
Outlook
Medicover targets organic revenue exceeding €3.25 bln by 2028
Company aims for adjusted organic EBITDA over €600 mln by 2028
Medicover plans to expand network and increase capacity utilization
Result Drivers
ORGANIC GROWTH - Medicover's Q4 revenue growth was driven by organic expansion and acquisitions, with continued demand for healthcare services
COST CONTROL - Improved margins and cost control contributed to Medicover's increased profitability in Q4
POLAND OPERATIONS - Sports/wellness and ambulatory business in Poland were key contributors to revenue and profit growth in Q4
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 611.70 mln
Q4 Net Income
EUR 17.30 mln
Q4 Basic EPS
EUR 0.12
Q4 EBIT
EUR 35.20 mln
Q4 EBIT Margin
5.70%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "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 Medicover AB is SEK251.50, about 24.2% above its February 9 closing price of SEK202.50
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 35 three months ago
Press Release: ID:nMFN99qPzC
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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.)