Financial News

First full consolidation of MediClin AG Asklepios’s majority takeover of MediClin AG in September 2011 has helped the group report a sharp increase in third quarter turnover, up 8.6 percent at EUR 1,832.6 million (Q3/2010: EUR 1,687.8 million). It also reported a strong rise in the number of patients treated, up 8.4 percent to over 1,296,000.

Consolidated earnings come under pressure from Greek write-down In its first half-year 2011 results, Asklepios reported a sharp improvement in the number of treated patients which rose a strong 6.1 percent to over 857,000. Revenues also rose 6.0 percent over the same period to EUR 1,188.2 million (H1/2010: EUR 1,139.3 million). The income side was nevertheless offset by higher material costs and a non-cash-effective special effect which placed the group’s half-year results under considerable pressure, causing an extraordinary fall in profits to EUR 6.8 million (H1/2010 EUR 53.7 million).

Number of patients rises 2.9 percent in the first quarter of 2011 Revenues and earnings continued to grow at Asklepios, one of Germany's largest privately managed clinic operators, over the first three months of FY 2011. It reported a 6.4 percent rise in sales to EUR 596.4 million (Q1/2010: EUR 560.6 million) and a 2.9 percent rise to 418,000 patients. Despite structural hurdles caused by underlying legislative requirements, the group succeeded in increasing its consolidated earnings by 5.2 percent.