EQS-News

M1 Kliniken AG: Private equity interested in beauty segment, EBITDA of over EUR 27 million expected in 2024

EQS-News: M1 Kliniken AG / Key word(s): Miscellaneous M1 Kliniken AG: Private equity interested in beauty segment, EBITDA of over EUR 27 million expected in 2024 16.02.2024 / 15:10 CET/CEST The issuer is solely responsible for the content of this announcement. M1 Kliniken AG: Private equity interested in beauty segment, EBITDA of over EUR 27 million expected in 2024

• Management is open to interested parties
• Valuations in the peer group of up to 30 times the annual EBITDA
• M1 Kliniken AG expects EBITDA of over EUR 27 million in 2024

Berlin, 16 February 2024 - M1 Kliniken AG (ISIN: DE000A0STSQ8) has built up the leading private aesthetic medical service provider in Europe under the "M1 Med Beauty" brand. The company currently operates 59 specialist aesthetic centres in ten countries. In the first nine months of 2023, the Beauty segment generated revenue of EUR 53.2 million (+28.5 %) and EBITDA of EUR 16.9 million (+56.6 %). Growth is set to continue in the current year and another strategic milestone will be reached with the market entry in the USA, the world's largest market for aesthetic medicine.

The M1 management is clearly focussing on the profitable further development of the group. A shareholder-friendly dividend policy and a possible uplisting to the Prime Standard of the German Stock Exchange should contribute to this. In terms of shareholder value, however, the company is open to other options. In this context, M1 Kliniken AG announces that it has been informed by a US investment bank about the interest of several private equity companies in the Beauty segment. As the envisaged valuation level is significantly higher than the current market capitalisation of the entire M1 Group, the management is open to this interest. Accordingly, comparable private equity transactions have been realised in recent years at valuations of up to 30 times the annual EBITDA. The analysts' forecasts for the current financial year 2024 of M1 Kliniken AG amount to an EBITDA of EUR 27.1 million, an estimate that is also shared by the M1 Management Board.