EQS-Adhoc
AEVIS VICTORIA SA: Publication of Annual Report 2015 - Revenues of CHF 577.7 million and normalised EBITDA of CHF 69.4 million
EQS Group-Ad-hoc: AEVIS VICTORIA SA / Key word(s): Final Results
AEVIS VICTORIA SA: Publication of Annual Report 2015 - Revenues of CHF 577.7
million and normalised EBITDA of CHF 69.4 million
29.04.2016 / 07:15
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
AEVIS VICTORIA SA: Publication of Annual Report 2015 - Revenues of CHF 577.7
million and normalised EBITDA of CHF 69.4 million
29.04.2016 / 07:15
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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Press release
Fribourg, 29 April 2016
AEVIS VICTORIA - Publication of Annual Report 2015 - Revenues of CHF 577.7
million and normalised EBITDA of CHF 69.4 million
Significant increase of first quarter 2016 results
AEVIS VICTORIA SA today published its Annual Report 2015. AEVIS VICTORIA SA
was able to further shape and grow its operations. Total revenues grew by
6.5% to CHF 577.7 million and net revenues increased to CHF 510.2 million
in the year under review. EBITDA 2015 amounted to CHF 64.5 million,
corresponding to a slightly lower EBITDA margin of 12.6% (2014: 13.4%),
amongst others due to the decrease of the tariffs of the basic health
insurance. Factoring-out lower reimbursement tariffs in hospital segment,
normalised EBITDA reached CHF 69.4 million corresponding to a normalised
EBITDA margin of 13.5%. Higher depreciation and financial expenses have
impacted the profit for the period which fell to CHF 3.8 million compared
to CHF 5.8 million in the previous year. The two main divisions of AEVIS
VICTORIA SA have strongly decreased their costs structure and are ideally
positioned to face future challenges, as shown by the strongly progressing
first quarter results of 2016. The Board of Directors will propose to the
Annual General Meeting a distribution from capital contribution reserves of
CHF 0.55 per share, in line with its long-term distribution policy.
Hospitals
Swiss Medical Network realised a net turnover of CHF 416.9 million, up by
1.1% (2014: CHF 412.2 million), despite lower DRG and TARMED rates for the
domestic activity as well as a decrease in the number of foreign patients.
Pressure on revenues was absorbed by an overall increase in the number of
patients treated in the network′s hospitals, by the recruiting of new
admitting physicians as well as by the integration of Clinique Montbrillant
in La-Chaux-de-Fonds. On a normalised level, factoring out the adverse
effect of the lower DRG and TARMED rates, 2015 EBITDAR (EBITDA excluding
rent) amounted to CHF 75.8 million corresponding to an EBITDAR margin of
18.0%. Investments in infrastructure of nearly CHF 23 million secured the
Press release
Fribourg, 29 April 2016
AEVIS VICTORIA - Publication of Annual Report 2015 - Revenues of CHF 577.7
million and normalised EBITDA of CHF 69.4 million
Significant increase of first quarter 2016 results
AEVIS VICTORIA SA today published its Annual Report 2015. AEVIS VICTORIA SA
was able to further shape and grow its operations. Total revenues grew by
6.5% to CHF 577.7 million and net revenues increased to CHF 510.2 million
in the year under review. EBITDA 2015 amounted to CHF 64.5 million,
corresponding to a slightly lower EBITDA margin of 12.6% (2014: 13.4%),
amongst others due to the decrease of the tariffs of the basic health
insurance. Factoring-out lower reimbursement tariffs in hospital segment,
normalised EBITDA reached CHF 69.4 million corresponding to a normalised
EBITDA margin of 13.5%. Higher depreciation and financial expenses have
impacted the profit for the period which fell to CHF 3.8 million compared
to CHF 5.8 million in the previous year. The two main divisions of AEVIS
VICTORIA SA have strongly decreased their costs structure and are ideally
positioned to face future challenges, as shown by the strongly progressing
first quarter results of 2016. The Board of Directors will propose to the
Annual General Meeting a distribution from capital contribution reserves of
CHF 0.55 per share, in line with its long-term distribution policy.
Hospitals
Swiss Medical Network realised a net turnover of CHF 416.9 million, up by
1.1% (2014: CHF 412.2 million), despite lower DRG and TARMED rates for the
domestic activity as well as a decrease in the number of foreign patients.
Pressure on revenues was absorbed by an overall increase in the number of
patients treated in the network′s hospitals, by the recruiting of new
admitting physicians as well as by the integration of Clinique Montbrillant
in La-Chaux-de-Fonds. On a normalised level, factoring out the adverse
effect of the lower DRG and TARMED rates, 2015 EBITDAR (EBITDA excluding
rent) amounted to CHF 75.8 million corresponding to an EBITDAR margin of
18.0%. Investments in infrastructure of nearly CHF 23 million secured the