15.0% increase in turnover and 27.3% rise in EBITDA
Euromedica Group's turnover rose by 15.0% in the first quarter of 2009 compared to the same quarter in 2008, reaching euro 64.0 million compared to euro 55.7 million in that period last year. EBITDA stood at euro 12.2 million, up from euro 9.6 million in the last quarter, which is a significant rise of some 27.3%.
Euromedica Group's increased operating results are due to improvements in the results of Group hospitals and medical centres, of which there are today 83; 23 having joined the Group in 2008 and 3 in 2009.
Euromedica Group today has the largest nationwide healthcare service network comprising 17 hospitals, 57 medical centres and 9 rehabilitation and recovery centres.
Parent company turnover was up 5.2% from euro 41.7 million to euro 43.8 million whereas EBITDA remained at the same levels (euro 6 million). EBT for both the Group and Parent Company improved significantly compared to the 1st quarter of 2008. Group EBT in the first quarter of 2009 was euro 4.4 million and earnings net of tax euro 3.3 million.