IASO S.A.
Financial Results for the 1st Quarter of 2008
Group turnover increased by 7.5%.
Group EBITDA increased by 6.3%.
IASO General 1st Quarter 2008 EBITDA posted an increase of 19.6%.
IASO General Earnings After Tax posted a significant increase of 606.9%
Marginal decrease of Earnings After Taxes & Minorities Interests by 3.7%.
The IASO group turnover for the 1st Quarter 2008 reached the amount of ?45.8 mil. showing an increase of 7.5% compared with the same period last year. The consolidated EBITDA reached the amount of euro 12.7 mil. presenting an increase of 6.3%. Earnings Before Taxes amounted to euro 9.3 mil. posting an increase of 2.3%, while Earnings After Taxes & Minorities Interests reached the amount of euro 6.9 mil. presenting a marginal decrease of 3.7%.
More specifically:
IASO S.A.: Constant increase of EBITDA Margin.
The IASO SA revenues, for the 1st Quarter of 2008, reached the amount of euro 26.5 mil. posting an increase of 3.4% compared with the same period last year. The revenues increase is attributed to the increase in inpatients and outpatients sales by 3.8% and 1.9% respectively. The Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 10.3 mil. presenting an increase of 3.7%, while the EBITDA margin reached the level of 38.9% posting an increase of 12 basis points compared with the same period last year. Earnings Before Taxes amounted to euro 8,5 mil. decreased by 7.6% while Net Earnings After Tax were recorded at euro 6.3 mil. presenting a decrease of 8.9%, due to the increase in financial expenses by euro 830k compared with the same period last year.
IASO General S.A.: Significant increase in Earnings After Tax.
Iaso General revenues, for the 1st Quarter of 2008, were recorded at euro 18.3 mil. presenting an increase of 13.4% compared with the same period last year, attributed to the increase in, IN and Outpatients' admissions' by 6.8% and 37.3% respectively. Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 2.1 mil. improved by 19.6% compared with the same period of the previous year. Furthermore, the EBITDA margin reached the level of 11.6% improved by 60 basis points compared with the same period last year. Pre-tax profits reached euro 546k vs euro 133k for the 1st Quarter of 2007, posting a significant improvement of 310%. The company's excellent performance is pointed out by Earnings After Tax, which reached the amount of euro 410k posting an increase of 606.9%.
MedStem Services S.A.: The positive growth continues.
MedStem revenues recorded an increase of 16.8%, compared with the same period last year, reaching the amount of euro 1.1 mil. The revenues increase is mainly attributed to the increase of the stored stem cell units by 15%, this is a fact showing the ever growing recognition of the need to store the stem cells and the acceptance of this method by the new couples. The Earnings before Interest, Taxes, Depreciation & Amortization reached the amount of euro 323k presenting a marginal decrease of 0.6%. Earnings Before Taxes amounted to euro 319k increased by 2.1%. Earnings After Taxes reached the amount of euro 209k presenting a decrease of 10.7%, attributed to tax audit provisions.
Group EBITDA increased by 6.3%.
IASO General 1st Quarter 2008 EBITDA posted an increase of 19.6%.
IASO General Earnings After Tax posted a significant increase of 606.9%
Marginal decrease of Earnings After Taxes & Minorities Interests by 3.7%.
The IASO group turnover for the 1st Quarter 2008 reached the amount of ?45.8 mil. showing an increase of 7.5% compared with the same period last year. The consolidated EBITDA reached the amount of euro 12.7 mil. presenting an increase of 6.3%. Earnings Before Taxes amounted to euro 9.3 mil. posting an increase of 2.3%, while Earnings After Taxes & Minorities Interests reached the amount of euro 6.9 mil. presenting a marginal decrease of 3.7%.
More specifically:
IASO S.A.: Constant increase of EBITDA Margin.
The IASO SA revenues, for the 1st Quarter of 2008, reached the amount of euro 26.5 mil. posting an increase of 3.4% compared with the same period last year. The revenues increase is attributed to the increase in inpatients and outpatients sales by 3.8% and 1.9% respectively. The Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 10.3 mil. presenting an increase of 3.7%, while the EBITDA margin reached the level of 38.9% posting an increase of 12 basis points compared with the same period last year. Earnings Before Taxes amounted to euro 8,5 mil. decreased by 7.6% while Net Earnings After Tax were recorded at euro 6.3 mil. presenting a decrease of 8.9%, due to the increase in financial expenses by euro 830k compared with the same period last year.
IASO General S.A.: Significant increase in Earnings After Tax.
Iaso General revenues, for the 1st Quarter of 2008, were recorded at euro 18.3 mil. presenting an increase of 13.4% compared with the same period last year, attributed to the increase in, IN and Outpatients' admissions' by 6.8% and 37.3% respectively. Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 2.1 mil. improved by 19.6% compared with the same period of the previous year. Furthermore, the EBITDA margin reached the level of 11.6% improved by 60 basis points compared with the same period last year. Pre-tax profits reached euro 546k vs euro 133k for the 1st Quarter of 2007, posting a significant improvement of 310%. The company's excellent performance is pointed out by Earnings After Tax, which reached the amount of euro 410k posting an increase of 606.9%.
MedStem Services S.A.: The positive growth continues.
MedStem revenues recorded an increase of 16.8%, compared with the same period last year, reaching the amount of euro 1.1 mil. The revenues increase is mainly attributed to the increase of the stored stem cell units by 15%, this is a fact showing the ever growing recognition of the need to store the stem cells and the acceptance of this method by the new couples. The Earnings before Interest, Taxes, Depreciation & Amortization reached the amount of euro 323k presenting a marginal decrease of 0.6%. Earnings Before Taxes amounted to euro 319k increased by 2.1%. Earnings After Taxes reached the amount of euro 209k presenting a decrease of 10.7%, attributed to tax audit provisions.