"...we continued to deliver solid organic growth, margin expansion and good operating cash flow from our business." - John Stubbington CEO
We have continued our progress in the first quarter with increased capacity utilisation, good growth and pricing to market conditions enabling increased profitability, improved margins and solid cash flow. Particularly, pleasing is our development in India which sees strong double-digit growth reflecting our new openings and high levels of doctor recruitment.
Quarter in numbers
Revenue
EUR 624.2 million
EBITDA margin
16.2 %
Operating cash flow
EUR 72.7 million
Medicover in brief
Medicover is a leading healthcare services provider, founded in 1995, and listed on Nasdaq Stockholm since 2017. A holistic approach and commitment to quality drive the company’s mission to improve and sustain health and wellbeing.
Services are delivered through two divisions:
Healthcare Services and Diagnostic Services.
Healthcare Services
Healthcare Services – provides a broad range of high-quality healthcare services, including outpatient and inpatient healthcare, dentistry, fertility treatments and wellbeing solutions such as sports. Services can be financed by employer-paid subscriptions, by patients themselves on a fee-for-service (FFS) basis, or through public or private health insurance.
Diagnostic Services
Diagnostic Services – provides comprehensive clinical laboratory services across all major areas of clinical pathology, from routine screenings to advanced testing, supporting everything from disease prevention to treatment monitoring. Operations are carried out through a network of laboratories, blood-drawing points and clinics across 15 countries, with key markets in Germany, Romania and Poland.
Medicover’s sustainability approach
Sustainability is an integral part of Medicover’s business model and long-term value creation. The company's efforts focus on providing accessible, high-quality healthcare, reducing our environmental impact, and ensuring responsible business practices across the organisation. Medicover’s sustainability work covers environmental, social and governance matters and is reported annually in the company’s Annual Report, which is available here:
