EQS-News

MEDICLIN achieves consolidated Group sales of EUR 730.1 million in 2023 - outlook for 2024 is positive - Seite 2

The operating result of 52.7 million euros in the post-acute segment corresponds to an increase of 31.5 million euros or 148.1 % compared to the previous year (21.2 million euros). In particular, the lower amortisation of right-of-use assets due to the premature renewal of rental agreements had a positive effect here. Excluding the effects of protective shield payments and the closure of the Bad Schlüsselbad clinic in both comparative years, this would correspond to an increase of 32.7 million euros or 208.9 %.

Sales in the acute segment totalled EUR 254.0 million, an increase of EUR 1.3 million or 0.5% compared to the previous year. Sales in the reporting year do not include protective shield services. In the previous year, these totalled 5.2 million euros. There were also sales effects in 2023 from the change in the scope of consolidation due to the sale of Robert Janker Klinik and MVZ Bonn in April 2023. If the acute segment is considered without the two above-mentioned effects in both comparative years, sales of EUR 249.9 million would be generated in 2023 (2022: EUR 234.1 million). This would correspond to an increase of 6.7 %.

The acute segment generated an operating result of EUR -39.9 million (previous year: EUR -4.4 million). The segment's operating result was significantly impacted by the one-off effect of goodwill impairment for three facilities totalling EUR 33.1 million. In addition, the lack of protective shield payments had a negative impact in the reporting year compared to the previous year (2022: EUR 5.2 million). By contrast, the change in the scope of consolidation, namely the sale of the Robert Janker Klinik and the MVZ Bonn, had a positive effect on the segment operating profit. If the segment's operating result is considered without the three effects mentioned in both comparative years, it would correspond to an operating increase by EUR 4.4 million.
Sales in the nursing care business area, which is allocated to the Other Activities segment, rose to EUR 21.3 million in the reporting year (previous year: EUR 18.7 million), while the business area's operating result totalled EUR 0.2 million after EUR -1.0 million in the previous year.

Tino Fritz, CFO of MEDICLIN, says: "MEDICLIN's operating performance becomes clear when distorting effects such as protective shielding payments, changes in the scope of consolidation or one-off effects such as the impairment of goodwill in the acute segment are adjusted" and adds: "We ended 2023 with really good occupancy rates. What we are seeing is a stabilisation of occupancy rates, even if they are still not completely at the level they were before the coronavirus pandemic, this is a clear sign that things are moving in the right direction."