Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMDMG.L Regulatory News (MDMG)

  • There is currently no data for MDMG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

MDMG REPORTS Q1 2016 OPERATING RESULTS

21 Apr 2016 08:00

RNS Number : 8812V
MD Medical Group Investments PLC
21 April 2016
 

 

MD MEDICAL GROUP POSTS STRONG GROWTH ACROSS ALL OPERATIONAL INDICATORS FOR Q1 2016

 

21 April 2016, Moscow - MD Medical Group Investments Plc ("MD Medical Group", "MDMG" or the "Company" - LSE: MDMG), a leading Russian private healthcare provider, today announces its operating results for the first quarter 2016.

Key operational highlights for Q1 2016:

· Total deliveries increased 18% year-on-year (y-o-y) to 1,560

· Total IVF cycles increased 55% y-o-y to 2,968

· Total in-patient treatments increased 7% y-o-y to 14,340

· Total out-patient treatments increased 17% y-o-y to 334,425

Mark Kurtser, Chairman of the Board of Directors of MD Medical Group, said:

"In the first quarter of 2016 we demonstrated excellent operating results, showing strong growth in all areas thanks to the further development of our existing and new facilities. We are particularly pleased with these results following our success in 2015, which saw us become the largest private player on Russia's healthcare market in terms of revenue and EBITDA.

"In particular, in Q1 2016, the total number of deliveries increased 18% year-on-year to 1,560. The number of completed in-vitro fertilisation cycles grew by more than 1.5x to 2,968, significantly strengthening our leadership in Russia's IVF market. The number of out-patient and in-patient treatments increased 17% and 7%, respectively.

"This growth was mainly driven by the continued ramp-up of our hospitals in Ufa, Novosibirsk and Lapino, as well as the further development of our Group's clinics across Russia.

"In 2016, we continued expanding our network of high-tech medical facilities via both organic growth and the acquisition of quality assets. Early in the year we completed the purchase of the ARTMedGroup chain of five medical centres in Siberia, the results of which have been consolidated since January. In February, responding to increasing demand for our services in Moscow, we opened a large IVF department at one of our local clinics. And recently, our milestone 30th clinic opened its doors in Kostroma, offering IVF services for the first time in our new region.

The first quarter was a good start to the year. We have significant plans for the next nine months and are well-positioned to continue growing successfully as the leading private health care company in Russia."

Deliveries

· In Q1 2016, total deliveries increased 18% y-o-y to 1,560.

· In Q1 2016, there were 203 deliveries at Mother & Child Ufa hospital.

 

IVF

· In Q1 2016, total IVF cycles grew 55% y-o-y to 2,968.

· In Q1 2016, LFL1 2,333 IVF cycles were performed, up 22% y-o-y.

 

In-patient treatments

· In Q1 2016, total in-patient treatments grew 7% y-o-y to 14,340, driven by:

o 13% increase in paediatric in-patient treatments;

o 13% increase in in-patient days using other medical services.

· In Q1 2016, LFL in-patient treatments increased 6% y-o-y to 14,226.

 

Out-patient treatments

· For Q1 2016, the total number of out-patient treatments increased 17% y-o-y to 334,425, driven by:

o 15% increase in OBGYN out-patient treatments;

o 11% growth in paediatric out-patient visits;

o 26% increase in other medical services.

· In Q1 2016, LFL out-patient treatments increased 10% y-o-y to 314,079.

MDMG

LFL

1Q'16

1Q'15

p-o-p, %

1Q'16

1Q'15

p-o-p, %

Obstetrics and Gynaecology

 Deliveries

 1,560

 1,324

18%

 1,560

 1,324

18%

 In-patient treatments (except deliveries)

 6,105

 6,168

-1%

 6,000

 6,168

-3%

 Out-patient treatments

 124,034

 107,931

15%

 117,515

 107,931

9%

 IVF

 2,968

 1,910

55%

 2,333

 1,910

22%

 Paediatrics

 In-patient treatments

 4,804

 4,247

13%

 4,804

 4,247

13%

 Out-patient treatments

 92,345

 83,486

11%

 92,218

 83,486

10%

 Other medical services

 In-patient treatments

 3,431

 3,048

13%

 3,422

 3,048

12%

 Out-patient treatments

 118,046

 93,691

26%

 104,346

 93,691

11%

Total

Total deliveries

 1,560

 1,324

18%

1,560

1,324

18%

Total IVF

 2,968

 1,910

55%

2,333

1,910

22%

Total in-patient treatments

 14,340

 13,463

7%

14,226

13,463

6%

Total out-patient treatments

 334,425

 285,108

17%

314,079

285,108

10%

For further information please contact:

 

Investors

Media

 

Elena Romanova

MD Medical Group Investments PlcTel: +7 495 331 4120e.romanova@mcclinics.ru

EMTom Blackwell / Sergii Pershyn Tel: +7 495 363 2849MDMG@em-comms.com

 

About MD Medical Group

MD Medical Group operates in the highly attractive Russian private healthcare service market and has a leading position in high-quality women's health and paediatrics. The company manages 30 modern healthcare facilities, including 4 hospitals and 25 outpatient clinics in Moscow, St. Petersburg, Ufa, Perm, Samara and Samara region, Irkutsk, Novosibirsk, Irkutsk, Yaroslavl, Ryazan, Kostroma, Novokuznetsk, Krasnoyarsk, Omsk, and Barnaul.

The Company's shares have been listed on the London Stock Exchange (LSE ticker "MDMG") in the form of Global Depositary Receipts (GDRs) since 12 October 2012.

Forward-Looking Statements:

This press release contains forward looking statements, which are based on the Company's current expectations and assumptions and may involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The forward looking statements contained in this press release are based on past trends or activities and should not be taken that such trends or activities will continue in the future. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables which could cause actual results or trends to differ materially, including, but not limited to: conditions in the market, market position of the Company, earnings, financial position, cash flows, return on capital and operating margins, anticipated investments and economic conditions; the Company's ability to obtain capital/additional finance; a reduction in demand by customers; an increase in competition; an unexpected decline in revenue or profitability; legislative, fiscal and regulatory developments, including, but not limited to, changes in environmental and health and safety regulations; exchange rate fluctuations; retention of senior management; the maintenance of labour relations; fluctuations in the cost of input costs; and operating and financial restrictions as a result of financing arrangements.

No statement in this press release is intended to constitute a profit forecast, nor should any statements be interpreted to mean that earnings or earnings per share will necessarily be greater or lesser than those for the relevant preceding financial periods for the Company. Each forward looking statement relates only as of the date of the particular statement. 


1 LFL data does not include figures for the Medica clinic (Novokuznetsk) and ARTMedGroup clinics (Krasnoyarsk, Omsk, Barnaul and Novosibirsk), which have been consolidated since January 2016.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLIFLRSSILFIR
Date   Source Headline
19th Mar 202012:03 pmRNSPrice Monitoring Extension
17th Mar 20207:00 amRNSMDMG TO ANNOUNCE FY 2019 IFRS RESULTS ON 23 MARCH
2nd Mar 20207:00 amRNSMDMG OPENS A PEDIATRIC CLINIC IN THE MOSCOW REGION
28th Feb 20204:36 pmRNSPrice Monitoring Extension
5th Feb 20207:00 amRNSMDMG REPORTS GROWTH OF KEY INDICATORS IN 2019
31st Jan 20207:00 amRNSMD MEDICAL GROUP COMPLETES RENOVATION OF PMC
15th Jan 20207:00 amRNSMD MEDICAL GROUP OPENS CLINIC IN ROSTOV ON DON
6th Dec 201912:10 pmRNSMDMG ANNOUNCES BOARD OF DIRECTORS CHANGES
29th Nov 20197:00 amRNSMD MEDICAL GROUP OPENS NEW CLINIC IN KRASNODAR
5th Nov 20197:00 amRNSMDMG REPORTS GROWTH OF KEY INDICATORS IN 9M 2019
20th Sep 201910:02 amRNSMDMG NOTIFICATION OF TRANSACTION BY PDMR
9th Sep 20191:02 pmRNSMDMG ANNOUNCES SENIOR MANAGEMENT CHANGES
9th Sep 20198:00 amRNSMDMG POSTS 15% EBITDA GROWTH IN H1 2019
3rd Sep 20198:00 amRNSMDMG to announce H1 2019 IFRS results on 09 Sept
31st Jul 20198:00 amRNSMDMG posts H1 2019 operating and financial results
26th Jul 201912:49 pmRNSMDMG NOTIFICATION OF TRANSACTION BY PDMR
8th May 20198:00 amRNSMDMG ANNOUNCES SENIOR MANAGEMENT AND BOARD CHANGES
25th Apr 20198:00 amRNSMDMG posts Q1 2019 operating and financial results
24th Apr 20198:00 amRNSResults of the AGM of shareholders
8th Apr 20198:00 amRNSMDMG opens multi-disciplinary hospital in Tyumen
25th Mar 201910:18 amRNSPublication of 2018 annual report
25th Mar 20197:30 amRNSAnnouncement of AGM
25th Mar 20197:00 amRNSMDMG reports FY 2018 IFRS results
22nd Mar 20197:00 amRNSConference call time update
20th Mar 20197:00 amRNSMDMG to announce FY 2018 IFRS results on 25 March
6th Mar 20197:00 amRNSMDMG opens new clinic in Vladivostok
24th Jan 20197:00 amRNSMDMG reports Q4 and FY 2018 operational results
21st Jan 20194:35 pmRNSPrice Monitoring Extension
14th Nov 20187:00 amRNSMDMG opens new clinic in Kazan
22nd Oct 20188:00 amRNSMDMG reports Q3 2018 operational results
18th Sep 20188:00 amRNSMD Medical Group opens new clinic in Tula
10th Sep 20188:00 amRNSMDMG POSTS 8% REVENUE GROWTH IN H1 2018
7th Sep 20189:00 amRNSStart of construction of hospital in St Petersburg
3rd Sep 20188:00 amRNSMDMG to announce H1 2018 IFRS results on 10 Sept
23rd Aug 20188:00 amRNSMDMG opens new clinic in Volgograd
23rd Jul 20188:00 amRNSMDMG reports Q2 2018 operational results
11th Jul 20188:00 amRNSMDMG and VTB launch new insurance product
6th Jun 20188:00 amRNSMDMG opens new clinic in Moscow
31st May 20188:00 amRNSMDMG starts Lapino 2 construction
21st May 20188:00 amRNSMDMG significantly expands Kostroma clinic
23rd Apr 20188:00 amRNSMDMG reports Q1 2018 operational results
18th Apr 20188:00 amRNSResults of the AGM of shareholders
17th Apr 20188:00 amRNSMDMG increases share in subsidiaries
3rd Apr 20188:00 amRNSMDMG expands clinic in Moscow
19th Mar 20189:30 amRNSPublication of 2017 annual report
19th Mar 20188:30 amRNSMDMG successfully completes LTIP
19th Mar 20188:00 amRNSAnnouncement of AGM
19th Mar 20187:00 amRNSMDMG reports FY 2017 IFRS results
14th Mar 201812:00 pmRNSMDMG TO ANNOUNCE FY 2017 IFRS RESULTS ON 19 MARCH
14th Mar 20187:00 amRNSMDMG opens new clinic in Nizhny Novgorod

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.