MEDICON HELLAS S.A

ANNOUNCEMENT OF RESULTS

ANNOUNCEMENT OF RESULTS

 

 

The Company is based in Gerakas, Attica.

The Group is active in the fields of medical consumables and diagnostic centers.

The Group's sales, after the removal of rebates and claw back, amounted to € 18,375 million compared to 18,717 million in the corresponding period last year, decreased by 342 thousand and 1,83%.

The Group's EBIDTA decreased by 7,42% and amounted to €3,410 million compared to €3,683 million in 2023.

Earnings after taxes decreased by 7,56% and amounted to € 1,334 million compared with € 1,443 million in 2023.

 

The decrease in the above figures is mainly due to the performance of the Group’s subsidiaries (Diagnostic Laboratories) and also to the sale of subsidiary.

 

Equity increased to 18,569 million from 17,720 million. The Group’s solvency ratio (Net position as % of total assets excluding cash and term deposits) at 31/12/2024 was 80,84%.

The Group’s borrowing amounts to € 8,406 million and relates exclusively to the parent company.

 

Regarding the financial figures of the parent company MEDICON HELLAS AE, the turnover amounted to € 16,962 million compared with € 16,671 million in the corresponding period last year, an increase of 1,74%.

The company's EBIDTA amounted to € 3,641 million against € 3,169 million in 2023 showing an increase of 14,89%.

Earnings after taxes amounted to € 1,792 million compared with € 1,092 million in 2023. marking an increase.

 

The increase in sizes for the parent company is due to the increase in turnover, the reduction in operating expenses and the reduction in financial expenses, in relation to the corresponding previous period.

 

Summary Statement of Group Effective Use in mil.

 

 

 

2024

2023

Total sales

18.375

18.717

Gross profit

13.039

13.415

Other operating income

172

335

Research and Sales Management expenses

-11.380

-11.690

Other expenses & losses

-171

-76

Profit before tax & investment

1.660

1.983

Financial income/expenses

-110

-310

Depreciation included in operating profit

1.749

1.700

Profit before tax

1.550

1.673

Taxes

-216

-229

Profit/(loss) after tax

1.334

1.443

Earnings per share

0,3091

0,2990

 

Summary Group Balance Sheet in mil

 

 

 

2024

2023

ASSETS

 

 

Non current assets

 

 

Self-used fixed fixtures

6.996

7.237

Intangible assets

48

65

Deferred tax assets

2.715

2.725

Other non-current receivables

32

69

Current assets

 

 

Stocks

2.862

3.293

Requirements from customers

8.612

9.243

Other current receivables

1.705

3.864

Cash and cash equivalents

8.513

5.465

 

 

 

TOTAL ASSETS

31.484

31.960

EQUITY

 

 

EQUITY & LIABILITIES

 

 

Own funds

18.569

17.720

Long-term bank liabilities

7.794

8.843

Other non-current liabilities

1.171

1.226

 

 

 

Current bank liabilities

612

552

Suppliers and other liabilities

3.338

3.619

TOTAL EQUITY & LIABILITIES

31.484

31.960