Ad-hoc | 28 September 2012 07:20
AEVIS Holding SA / Key word(s): Half Year Results 28.09.2012 07:20 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Fribourg, 28 September 2012 - AEVIS Holding (AEVS) today publishes its 2012 Half-Yearly Report. Consolidated revenue increased by 61% to CHF 161.8 million (CHF 100.7m). EBITDA increased by 39% to CHF 15.4 million (CHF 11.05m) and operating profit by 59% to CHF 5.4 million (CHF 3.4m). Genolier Swiss Medical Network still represents the largest part of the scope of consolidation, as the new real estate subsidiary Swiss Healthcare Properties was only integrated after the half-year closure. The results increase is primarily due to the acquisition of 4 clinics: Clinica Ars Medica, Clinica Sant'Anna, Privatklinik Obach and Privatklinik Lindberg. The losses of Privatklinik Lindberg AG had a negative impact of CHF 2.7 million on the net profit. AEVIS expects to achieve revenue of nearly CHF 350 million in 2012 and an annual pro forma EBITDA of about CHF 50 million. Genolier Swiss Medical Network, the Group's main shareholding representing the largest part of the scope of consolidation as of 30 June 2012, saw significant growth with four major acquisitions during the first half-year. The Sant'Anna and Ars Medica clinics in Lugano, the Obach clinic in Solothurn and the Lindberg clinic in Winterthur were integrated into the group and are primarily responsible for the increase in revenue (+61% to CHF 161.8 million) and EBITDA (+39% to CHF 15.4 million). Operating profit (EBIT) increased by 59% to CHF 5.4 million. Privatklinik Lindberg, acquired in May and consolidated as of 1 June 2012, still has an adverse impact on the net profit but will recover its financial balance in 2013 through a complete repositioning of the establishment. On 30 June 2012, AEVIS realised a net profit of CHF 0.86 million, compared to CHF 1.4 million in 2011. With the capital increase agreed to at the Extraordinary Meeting of 2 July 2012 and the integration of Swiss Healthcare Properties AG as a 100% subsidiary, AEVIS has laid the essential bases for its further development and long-term sustainability, increasing both its size and its capital base. The effects of this acquisition, which occurred after 30 June 2012, are not reflected in the half-yearly results but will be integrated in the Annual Report 2012. Medical real estate is a unique specialty that will offer numerous opportunities during the application of the new hospital financing systems. With this new subsidiary, AEVIS expects to achieve a pro forma EBITDA of about CHF 50 million in 2012. The Nescens brand, the fruit of a partnership of GSMN with CSPV (Swiss Centre for the Prevention of Aging), in which AEVIS has a 33% stake, and La Réserve, is positioning itself as the leading global anti-aging specialist. The first Nescens Check-up Centres will soon be opening in GSMN's Sant'Anna and Genolier clinics, while La Réserve in Geneva will host the brand's first spa. Clinique Spontini SAS will soon be running a clinic in Paris under the Nescens brand that will be the Group's first clinic dedicated entirely to aesthetic surgery. AEVIS has also acquired a majority stake in AS Ambulance Services SA, the largest private ambulance company in Geneva. The 2012 Half-Yearly Report is available at the folllowing link: http://www.aevis.com/aevis/pdf/AEVIS_1H_2012.pdf For further information: Media and investor relations for AEVIS Holding SA: c/o Dynamics Group, Zurich Edwin van der Geest, vdg@dynamicsgroup.ch, +41 (0) 43 268 32 35 or +41 (0) 79 330 55 22 Philippe R. Blangey, prb@dynamicsgroup.ch, +41 (0) 43 268 32 35 or +41 (0) 79 785 46 32 AEVIS Holding SA AEVIS Holding SA invests in the healthcare sector, life sciences and personal care services. AEVIS's main shareholdings are Genolier Swiss Medical Network, the second largest group of private clinics in Switzerland, and Swiss Healthcare Properties AG, a company specialized in medical real estate. AEVIS plans to continue development in these sectors of activity as well as in others, including outpatient surgical centres, radiology and dental medicine. AEVIS Holding SA is listed on the Domestic Standard segment of the SIX Swiss Exchange under AEVS. For further information: http://www.aevis.com/aevis/pdf/AEVIS_Brochure.pdf 28.09.2012 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news ---------------------------------------------------------------------------