Mediclinic International (MDC)

Sector:

Health Care

Index:

FTSE 250

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

Mediclinic FY revenues slide on 'significant impact' of Covid-19 lockdowns

By Iain Gilbert

Date: Friday 16 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Healthcare services group Mediclinic said on Friday that it had delivered a "robust" operating performance in the year ended 31 March, with revenues declining slightly due to the "significant impact" of initial Covid-19-related lockdowns and restrictions across the globe.
While Mediclinic said 2021 full-year group revenues were down around 3.0%, stronger demand witnessed in the second half of the year led to revenue growth of roughly 1.0% during the period and drove improvement in EBITDA margins to 16.0% as the firm adapted to subsequent waves of the pandemic and restrictions relaxed from May onwards.

Cash and available facilities increased during the second half to around £670.0m, while net debt reduced to approximately £2.2bn at year-end after an optional CHF 50.0m (£39.54m) debt repayment at Hirslanden in November.

The FTSE 250-listed group expects to return to pre-pandemic levels of trading in 2022 at varied speeds of recovery. However, Mediclinic stated that with parts of Europe likely to experience a third wave of the Covid-19 pandemic, the pace of recovery at Hirslanden will potentially be "more moderate than previously anticipated".

Chief executive Dr Ronnie van der Merwe said: "Despite the more severe second wave of the pandemic placing even greater demand on our healthcare facilities and people, we have adapted well through agility and resilience to deliver a solid second half performance with revenue growth of around 1.0%.

"We are well positioned to deliver growth in revenue and EBITDA across all three divisions in FY22 despite further waves of the pandemic expected in the coming months, especially in Switzerland and Southern Africa."

As of 0855 BST, Mediclinic shares were up 1.82% at 324.20p.

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MDC Market Data

Currency UK Pounds
Share Price 319.80p
Change Today -6.80p
% Change -2.08 %
52 Week High 344.60
52 Week Low 246.00
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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