ΙΑΣΩ Α.Ε.
Financial Results for the 9month period of 2008
Group turnover increased by 10.9%.
Group EBITDA increased by 16.8%.
IASO General EBITDA posted an increase of 55.7%.
Significant increase of IASO General Earnings After Taxes (154.5%).
Increase of Earnings After Taxes & Minorities Interests for the Group by 39%.
IASO Group turnover for the 9month period of 2008 reached the amount of euro 137.5 mil. showing an increase of 10.9% compared with the same period last year. The consolidated EBITDA reached the amount of euro 37.8 mil. presenting an increase of 16.8%. Earnings Before Taxes amounted to euro 27.8 mil. posting an increase of 14.3%, while Earnings After Taxes & Minorities Interests reached the amount of euro 20.4 mil. presenting a significant increase of 39%.
More specifically:
IASO S.A.: Continuous improvement of the EBITDA margin
IASO Revenues, for the 9month period of 2008, reached the amount of euro 80.7 mil. posting an increase of 8.5% compared with the same period last year.
The revenues increase is attributed to the increase in inpatients and outpatients sales by 0.6% and 3.1% respectively. The Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 30.5 mil. presenting an increase of 12.1%, while the EBITDA margin reached the level of 37.9% posting an increase of 121 basis points compared with the same period last year. Earnings Before Taxes amounted to euro 26.1 mil. increased by 6.9% while Net Earnings (After Taxes) were recorded at euro 19.5 mil. presenting an increase of 16.9%.
IASO General S.A.: Significant increase in Earnings After Taxes.
IASO General Revenues, for the 9month period of 2008, were recorded at euro 53.6 mil. presenting an increase of 15.5% compared with the same period last year, attributed to the increase in, Inpatients and Outpatients? admissions by 4% and 25.4% respectively. Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 6.5 mil. improved by 55.7% compared with the same period of the previous year. Furthermore, the EBITDA margin reached the level of 12.1% improved by 313 basis points compared with the same period last year. Pre-tax profits reached euro 2.1mil vs. euro 0.9 mil for the 9month period of 2007, posting a significant improvement of 324.5%. Regarding net results, the Company's Earnings after Taxes amounted to euro 1.53 mil Vs losses euro 2.8 mil for the same period last year.
MedStem Services S.A.: The positive growth of revenues continues.
MedStem Revenues, for the 9month period of 2008, recorded an increase of 1.4%, compared with the same period last year, reaching the amount of euro 3.4 mil. The Earnings Before Interest, Taxes, Depreciation & Amortization reached the amount of euro 954k presenting a marginal decrease of 21.7%, while Earnings Before Taxes amounted to euro 938k decreased by 20.9%. Earnings After Taxes reached the amount of euro 643k showing a decrease of 27.7%.
Group EBITDA increased by 16.8%.
IASO General EBITDA posted an increase of 55.7%.
Significant increase of IASO General Earnings After Taxes (154.5%).
Increase of Earnings After Taxes & Minorities Interests for the Group by 39%.
IASO Group turnover for the 9month period of 2008 reached the amount of euro 137.5 mil. showing an increase of 10.9% compared with the same period last year. The consolidated EBITDA reached the amount of euro 37.8 mil. presenting an increase of 16.8%. Earnings Before Taxes amounted to euro 27.8 mil. posting an increase of 14.3%, while Earnings After Taxes & Minorities Interests reached the amount of euro 20.4 mil. presenting a significant increase of 39%.
More specifically:
IASO S.A.: Continuous improvement of the EBITDA margin
IASO Revenues, for the 9month period of 2008, reached the amount of euro 80.7 mil. posting an increase of 8.5% compared with the same period last year.
The revenues increase is attributed to the increase in inpatients and outpatients sales by 0.6% and 3.1% respectively. The Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 30.5 mil. presenting an increase of 12.1%, while the EBITDA margin reached the level of 37.9% posting an increase of 121 basis points compared with the same period last year. Earnings Before Taxes amounted to euro 26.1 mil. increased by 6.9% while Net Earnings (After Taxes) were recorded at euro 19.5 mil. presenting an increase of 16.9%.
IASO General S.A.: Significant increase in Earnings After Taxes.
IASO General Revenues, for the 9month period of 2008, were recorded at euro 53.6 mil. presenting an increase of 15.5% compared with the same period last year, attributed to the increase in, Inpatients and Outpatients? admissions by 4% and 25.4% respectively. Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 6.5 mil. improved by 55.7% compared with the same period of the previous year. Furthermore, the EBITDA margin reached the level of 12.1% improved by 313 basis points compared with the same period last year. Pre-tax profits reached euro 2.1mil vs. euro 0.9 mil for the 9month period of 2007, posting a significant improvement of 324.5%. Regarding net results, the Company's Earnings after Taxes amounted to euro 1.53 mil Vs losses euro 2.8 mil for the same period last year.
MedStem Services S.A.: The positive growth of revenues continues.
MedStem Revenues, for the 9month period of 2008, recorded an increase of 1.4%, compared with the same period last year, reaching the amount of euro 3.4 mil. The Earnings Before Interest, Taxes, Depreciation & Amortization reached the amount of euro 954k presenting a marginal decrease of 21.7%, while Earnings Before Taxes amounted to euro 938k decreased by 20.9%. Earnings After Taxes reached the amount of euro 643k showing a decrease of 27.7%.