M1 Kliniken AG publishes consolidated financial statements 2019
| Corporate News
M1 Kliniken AG publishes consolidated financial statements 2019 - encouraging resumption of patient treatments - shortened notice periods for Annual General Meeting on 09 July 2020
- Consolidated sales +18 % to 77.2 million euros; consolidated net income +47 % to 9.7 million euros
- Positive development after resumption of patient treatment
- Annual General Meeting still scheduled for 9.07.2020 - shortened deadlines
Berlin, 20.05.2020 - M1 Kliniken AG (ISIN: DE000A0STSQ8) today published its consolidated financial statements for 2019. The M1 Group has increased its consolidated revenue by 18 % to EUR 77.2 million (previous year: EUR 65.2 million) in the financial year 2019. The consolidated net profit for the year increased by 47 % to 9.7 million euros (previous year: 6.6 million euros). The consolidated financial statements for 2019 were adopted by the Supervisory Board in its meeting on 20 April 2020.
The 2019 annual report of M1 Kliniken AG available for download: www.m1-kliniken.de
After the M1 Group had to temporarily close its practices and clinics in Germany and abroad on 23 March 2020, the majority of sites have now been reopened on the basis of a strict hygiene concept. Despite extended treatment intervals, a turnover level comparable to the "pre-corona business volume" has been achieved in the first week. In addition, schedules are almost completely booked out for a period of several weeks. M1 therefore assumes that the closure period and other effects of the corona pandemic will not have a long-term and sustainable impact on the Group's business model.
According to current planning, the Annual General Meeting of M1 Kliniken AG is still scheduled to take place on 9 July 2020. The Company is monitoring the development of the pandemic in order to decide whether to hold a ’classical’ meeting or a virtual general meeting. For this purpose, the Company will work with shortened notice periods. The invitation to the Annual General Meeting will probably be published in the Federal Gazette (“Bundesanzeiger”) towards the end of week 24.