Medicover Highlights January -- December 2003


STOCKHOLM, Sweden, Feb. 19, 2004 (PRIMEZONE) --Medicover

- Revenue for the year 2003 amounted to Euro 36.6 million (Euro 35.3 million), an increase of 4%. In constant currency the revenue increase was 13%.

- Prepaid membership rose to 117,000 (104,000), at year and, an increase of 13,000 for the year ( 12,200) or 13 percent, with a pronounced pick up in growth during second half of the year.

- The operating loss for the year amounted to Euro 1.1 million (-Euro1.5million).

- The operating profit before depreciation and amortization for the year amounted to Euro 2.0 million (Euro 1.3 million).

- Operating cash flow before tax payments and working capital changes improved to Euro 1.9 million (Euro 0.1 million) for the year.

- The loss after tax for the year was Euro 1.8 million (Euro 23.8 million). The loss per share was Euro 0.145 (Euro 1.97) per share for the year.


 Investor Relations Contacts
 Fredrik Ragmark Managing Director 
 Phone: +32 2 357 55 77
 E-mail:fredrik.ragmark@medicover.com

 Joe Ryan Financial Director
 Phone: +32 2 357 55 77
 E-mail: joe.ryan@medicover.com

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2004/02/19/20040219BIT00340/wkr0001.doc

http://www.waymaker.net/bitonline/2004/02/19/20040219BIT00340/wkr0002.pdf

The full year-end report



            

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