Medicover: First Quarter Report 2004


STOCKHOLM, Sweden, May 13, 2004 (PRIMEZONE) -- Medicover:

Highlights January - March 2004

. Revenue for the first quarter amounted to 9.7 million Euro ( Euro 8.9 million), a 9% increase compared to the first quarter in prior year. Isolating currency effects, constant currency revenue growth amounted to 18% for the first quarter in comparison to prior year.

. Prepaid membership rose by a strong 5,000 for the quarter to 122,000 (105,100).

. The operating loss (EBIT) for the quarter amounted to Euro 0.2 million ( Euro 0.2 million).

. The operating profit before depreciation and amortization (EBITDA) for the quarter amounted to Euro 0.6 million (Euro 0.5 million).

. The loss after tax for the quarter amounted to Euro 0.2 million ( Euro 0.4 million). The loss per share was Euro 0.014 for the quarter ( Euro 0.036).

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The following files are available for download:

http://www.waymaker.net/bitonline/2004/05/13/20040512BIT00710/wkr0001.pdf

http://www.waymaker.net/bitonline/2004/05/13/20040512BIT00710/wkr0002.pdf

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