STOCKHOLM, Sweden, Feb. 6, 2002 (PRIMEZONE) -- Capio Year-End Report:
Strong Growth for Group
-- Net sales rose by 60 per cent to SEK 5,382 M (3,357). Organic
growth amounted to 12 per cent in local currencies.
-- Operating earnings before goodwill amortisation (EBITA), and
excluding items affecting comparability, amounted to SEK 392 M
(170), corresponding to an operating margin of 7.3 per cent (5.1).
-- Earnings after financial items amounted to SEK 205 M (310),
including items affecting comparability totalling SEK 17 M (152).
-- UK's fourth largest hospital group, Community Hospitals
Group (name subsequently changed to Capio Healthcare UK), was
acquired and successfully integrated.
-- Medocular, the Nordic region's largest private company in the
eye healthcare field, was acquired.
-- Agreement signed to acquire Finnish radiology company Mediscan,
Capio's first venture into Finland.
-- Radiology operations reported weak earnings due to the start-up
of a number of new units and the restructuring of St. Goran
Rontgen (X-ray) in Sweden.
-- Several acquisitions were made by the Elderly Care business area,
resulting in doubled net sales and properties were sold to a
partly owned elderly care properties company.
Invitation to Participate in Tele-Conference
Capio will present its year-end report on operations in 2001 on Wednesday, February 6. In conjunction with this, the Company will arrange a tele-conference (in English) at 14:00 CET (13:00GMT). The conference will include presentations by Capio's CEO and President, Per Batelson and Executive Vice President Martin Svalstedt. Journalists and professional members of the capital market are invited to participate. To link up to the conference, call +44 (0)20-8781 0577 just prior to the above starting time and specify "Capio." An overhead-slide presentation will also be available via www.capio.se It will be possible to listen to a recording of the conference immediately after it is concluded and up to February 12. Please call +44 (0)20-8288 4459 and specify 645942.
Capio Group January - December 2001
The Group continued to expand strongly through a combination of acquisitions and good underlying organic growth. The largest single acquisition was that of the Community Hospitals Group (renamed Capio Healthcare UK), which is consolidated in Capio's accounts as of June 2001.
The Group has maintained a healthy rate of organic growth, corresponding to 12 per cent in local currencies. All of the business areas reported favourable organic growth.
Consolidated net sales increased by 60 per cent and amounted to SEK 5,382 M (3,357). EBITA, excluding items affecting comparability, amounted to SEK 392 M (170).
The Group's operating margin, before items affecting comparability, was 7.3 per cent (5.1). EBITA included SEK 121 M in estimated gains from UK property operations, based on market rental levels. Earnings after financial items totalled SEK 205 M (310), including items affecting comparability of SEK 17 M (152).
The Group now has sales of slightly more than SEK 7,000 M on an annual basis.
Organisation
The Group has operating units in Sweden, Norway, Denmark, the United Kingdom, Switzerland and Poland. As of February 2002, Capio will establish operations in Finland.
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