Mediclinic International (MDC)

Sector:

Health Care

Index:

FTSE 250

319.80p
   
  • Change Today:
    -6.80p
  • 52 Week High: 344.60p
  • 52 Week Low: 246.00p
  • Currency: UK Pounds
  • Shares Issued: 737.24m
  • Volume: 1,116,480
  • Market Cap: £2,357.71m

Mediclinic FY losses widen on impairment charges

By Michele Maatouk

Date: Tuesday 02 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Private hospital operator Mediclinic reported a widening of its full-year losses on Tuesday as it took a hit from impairment charges.
In the year ended 31 March, the company's reported loss widened to £320m from £151m the year before as it wrote down the value of its equity investment in Spire Healthcare by £10m. Mediclinic also suffered from a goodwill impairment charge of £481m on its Middle East business and £33m on its Swiss Hirslanden business.

Adjusted earnings before interest, tax, depreciation and amortisation fell 3% to £480m as the company was affected by the Covid-19 pandemic in March, with lockdowns and restrictions denting non-urgent elective procedures.

Revenue rose 5% to £3.08bn, reflecting "balanced organic growth and incremental acquisitions".

Chief executive officer Dr Ronnie van der Merwe said: "We have continued to adapt the group to the changing healthcare environment, entering the Covid-19 pandemic in a strong position and well-set to deliver expected growth in the future. In this context I am pleased with what our people have achieved while delivering a financial performance broadly in line with expectations, despite the impact of Covid-19.

"A high degree of uncertainty remains regarding the progression of the pandemic and its full impact, which may well continue for at least the next 12 months. As a group, we are preparing for a variety of eventualities while simultaneously endeavouring to continue making available our wide range of acute inpatient, outpatient and day case care services."

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MDC Market Data

Currency UK Pounds
Share Price 319.80p
Change Today -6.80p
% Change -2.08 %
52 Week High 344.60p
52 Week Low 246.00p
Volume 1,116,480
Shares Issued 737.24m
Market Cap £2,357.71m

MDC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.95% above the market average80.95% above the market average80.95% above the market average80.95% above the market average80.95% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
3.55% above the market average3.55% above the market average3.55% above the market average3.55% above the market average3.55% above the market average
12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average
Income
50.98% below the market average50.98% below the market average50.98% below the market average50.98% below the market average50.98% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 9
buy
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MDC Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 13-Jun-19
Paid 17-Dec-19 29-Jul-19
Amount 3.20p 4.70p

Trades for 18-Jun-2021

Time Volume / Share Price
16:57 258 @ 319.80p
16:47 2,777 @ 319.80p
16:46 258 @ 319.80p
16:35 748,459 @ 319.80p
16:29 1 @ 318.00p

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