Strong Revenue Growth
The company reported a 12.1% growth in revenue despite excluding Hungary, with solid performance across multiple countries and segments. EBITDA saw an impressive increase of 32%, and operating cash flows rose by 36.7%.
Healthcare Services Expansion
Healthcare Services revenue grew by 9.6%, adjusted to 12.4% excluding Hungary. The company launched a new hospital in Hyderabad and plans to advance another hospital opening due to strong doctor recruitment.
Diagnostic Services Performance
Diagnostic Services revenue increased by 17.8% with organic growth at 12.4%. There was strong demand in the fee-for-service segment, particularly in Germany, which saw a 5% growth despite reforms.
Operational and Financial Improvements
Medicover achieved margin expansion across all profit measures, normalized leverage to 3.2, improved ROIC, and strong cash flow generation with recurring cash flow at 9.4% of revenue.