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DGAP-News Medios AG starts the 2021 financial year with a record quarter

Nachrichtenquelle: EQS Group AG
11.05.2021, 07:21  |  146   |   |   

DGAP-News: Medios AG / Key word(s): Quarterly / Interim Statement/Quarter Results
Medios AG starts the 2021 financial year with a record quarter

11.05.2021 / 07:21
The issuer is solely responsible for the content of this announcement.


Press Release

Medios AG starts the 2021 financial year with a record quarter

  • Group sales and earnings nearly doubled in Q1 2021
  • First-time consolidation of Cranach Pharma GmbH
  • Outlook 2021: Almost doubling of group sales and significant increase in earnings

Berlin, 11 May 2021 - Medios AG ("Medios"), the leading provider of Specialty Pharma Solutions in Germany, confirms its forecast for the 2021 financial year after a successful first quarter. Group sales in the period from January to March 2021 increased by 94.0% to €315.9 million compared to the same period of the previous year (€162.8 million). EBITDA pre1 increased by 106.5% to €8.8 million (previous year €4.3 million). EBT pre1 climbed by 90.7% to €7.1 million (previous year €3.7 million). Thus, both group sales and earnings reached new record levels. Both operating segments contributed to the growth in group sales as well as earnings with improved operating margins.

The specialized pharmaceutical wholesaler Cranach Pharma GmbH, acquired in January 2021, contributed to Medios' growth in the first quarter of 2021 with a revenue of €139.6 million and EBITDA pre1 of €5.0 million.

Matthias Gaertner, CEO and CFO of Medios AG: "With the acquisition of Cranach Pharma GmbH, we are the leading Specialty Pharma provider in Germany - which is reflected in our best quarterly result to date. Due to the increase in profit margins in both segments, we could achieve a clearly positive operating cash flow. We also advanced our ESG activities by joining the United Nations Global Compact. In the coming months, we will continue to focus on acquisitions and sustainability alongside organic growth."

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DGAP-News Medios AG starts the 2021 financial year with a record quarter DGAP-News: Medios AG / Key word(s): Quarterly / Interim Statement/Quarter Results Medios AG starts the 2021 financial year with a record quarter 11.05.2021 / 07:21 The issuer is solely responsible for the content of this announcement. Press …

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