Increase of 14% in turnover and 26.1% in EBITDA
Euromedica group's turnover in the first half of 2009 presented a significant increase of 14.0% year-on-year, rising to euro 129.6 million from euro 113.6 million in the corresponding semester in 2008. The group's earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to euro 24.0 million, compared to euro 19.0 million in the corresponding semester in 2008, thus presenting a remarkable increase of 26.1%.
The increase in Euromedica group's operating results is attributed on the one hand to the improvement of the results of the medical units owned by the group in the first half of 2008, and on the other hand to the new medical units acquired by the group in the second half of 2008 and in the first half of 2009. Εuromedica group currently owns the largest nationwide health services network, which consists of 84 medical units (23 of these were acquired by the group in 2008 and 6 in 2009). Specifically, the Group's network includes 18 hospitals, 57 medical centres and 9 follow-up treatment and rehabilitation centres.
The Group's profits before tax amounted to euro 9.0 million in the first half of 2009, while its profits after tax amounted to euro 6.9 million. At the parent company level, the turnover presented a 6.4% increase compared to the corresponding semester in 2008, rising from ?82.5 million to euro 87.8 million, while its EBITDA amounted to euro 11.2 million, presenting an increase of 0.4% year-on-year.
The Company's profits before tax amounted to euro 1.6 million and its profits after tax to euro 2.2 million.