Half-year report 2019 of M1 Kliniken AG
| Corporate News
Strong growth in the Beauty core segment; operational goals confirmed
- – Group sales rose by 14% to EUR 32.9 million
- – Beauty core segment grows by 40%
- – Earnings before taxes: +21% to EUR 5.2 million
- – 2019 targets confirmed: Double-digit growth in sales and profit
Berlin, 27.08.2019 – M1 Kliniken AG (ISIN: DE000A0STSQ8) continued its growth course in the first half of 2019. In the first six months of the year, Germany’s market leader in the field of beauty medicine increased sales by 14% from EUR 28.9 million to EUR 32.9 million. The growth driver was the high-margin Beauty core segment with an increase in sales of 40% to EUR 20.3 million. Earnings before taxes (EBT) increased in the first half of 2019 by 21% from EUR 4.3 million to EUR 5.2 million.
“Our investments of recent years are paying off more and more. In the past two years alone, we have more than doubled the number of specialist centres for aesthetic medicine. These have now reached a high level of capacity utilization and will enable us to achieve synergies and cross-selling potential in the future,” says Patrick Brenske, CEO of M1 Kliniken AG. “We continue to have considerable growth potential in Germany and are beginning to roll out our established business model internationally.“
In addition to this positive operating development, the M1 Group also set the course for further growth in Germany and abroad in the first half of 2019. Four new specialist centres were opened: two specialist centres for dental treatments (Frankfurt and Hamburg) under the M1 Dental brand, another beauty centre (Dortmund) and our second international location in Melbourne (Australia). In addition, treatment capacities were expanded at several German locations. The Group has already established cosmetic laser treatments in ten beauty centres and is successfully capitalising on cross-selling potential. By the end of the year, the services of M1 Laser are to be offered in almost all German locations. Based on this positive business development, M1 Kliniken confirms its operational goals for 2019: double-digit growth in Group sales and earnings.
Numerous new locations are to be added in the second half of 2019 and will contribute to further operational growth of the Group. Amsterdam, the first specialist centre in the Netherlands, was opened in mid-July. Further locations are to follow shorty. New openings are planned for Germany, Switzerland, the UK and Australia in the coming months. In September 2018, M1 secured financing for its expansion in Germany and abroad by means of a capital increase.