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

EQS-News: M1 Kliniken AG / Key word(s): Preliminary Results/Annual Results 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 18.04.2024 / 08:34 CET/CEST The issuer is solely responsible for the content of this announcement. 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 and the Group's equity increases to € 143.7 million.             
 

• Strong sales growth of 18% in the Beauty segment from € 60.2 million to € 70.8 million.
• Four locations opened in three countries: a total of 58 M1-locations in ten countries by the end of 2023.
• Further expansion in Eastern Europe - new specialist medical centres in Bulgaria and Romania.
• Sales in the "Trade" segment increase by 9% from € 225.0 million to € 245.5 million. 
• Earnings before taxes (EBT) increase by 61% from € 10.2 million to € 16.4 million.

 

Berlin, 18.04.2024 –M1 Kliniken AG (ISIN: DE000A0STSQ8) publishes preliminary IFRS figures for the financial year 2023. In the past financial year, the M1 Group further expanded its market position in the field of beauty medicine and opened four new specialist medical centres in Germany and abroad. As of 31 December 2023, the M1 clinic network thus consisted of 58 locations.

According to the preliminary figures, sales in the "Beauty" segment rose by 17.6% to over 70.8 million euros (previous year: 60.2 million euros). The EBIT margin in this segment increased from 11.7% (7.0 million euros) in the previous year to 21.9% (15.5 million euros). The domestic Beauty locations were able to increase their EBIT margin even more significantly from 18.3% to 27.9% and increase their operating result from 9.4 million euros to 15.7 million euros.