EQS-News

M1 Kliniken AG publishes preliminary figures for financial year 2023: M1 continues to grow - sales growth of over 10% to € 316,3 million; EBIT increases by 68% to € 15.7 million - Seite 2

Two additional locations were opened abroad last year. The International Beauty segment generated an almost balanced operating result of € -0.19 million for the first time (previous year: loss of € 2.4 million). New store openings, particularly abroad, are initially characterised by the gradual development of the brand and regular customers and generally take around 24 months to break even. In the new locations in Eastern Europe, it was possible to break even operationally in the first year after opening (due to the lower material and personnel costs).

The M1 Group's consolidated sales increased by 10.9% to € 316.3 million in the 2023 financial year (previous year: € 285.3 million). The result from ordinary activities (EBITDA) increased by 36.7% from € 15.4 million in the previous year to € 21 million.

The M1 Group's operating profit in 2023 (EBIT) totalled € 15.7 million (previous year: € 9.3 million), an increase of 68.5 %.

The financial result fell slightly from € 0.9 million (2022) to € 0.8 million. Earnings before taxes (EBT) totalled EUR 16.4 million in the 2023 financial year (previous year: € 10.2 million).

 

Equity increased by € 0.6 million to € 143.7 million as of 31 December 2023 (previous year: € 143.1 million). The equity ratio fell slightly from 72.6% in the previous year to 66.8%, but still represents a very good figure.

An operating cash flow of € 8.5 million was generated in the 2023 financial year (previous year: € 20.8 million including a decrease in inventories of € 7.9 million). By taking advantage of particularly lucrative purchasing conditions, inventories increased by around € 15.8 million as of 31 December 2023. Without this increase in inventories, the operating cash flow would have amounted to € 24.3 million.

Free cash flow, taking into account payments for investments, totalled € -1.5 million (previous year: € 19.0 million). € 17.1 million of the free cash flow was used to purchase HAEMATO AG shares. Without these payments, free cash flow would have totalled € 15.5 million. The shares in HAEMATO AG increased from 68.3% to 82.0% as of 31 December 2023.