GÖTEBORG, Sweden, Oct. 30, 2018
GÖTEBORG, Sweden, Oct. 30, 2018 /PRNewswire/ --
July - September 2018
January - September 2018
 Refer to page 34 in Interim report January–September 2018 for definitions of EBITDA and EBITA.
 Profit for the period refers to profit attributable to parent company shareholders. Refer to note 2 in Interim report January–September 2018 for calculation of earnings per share (before and after dilution).
"Nordic develops well while France improves in a weak market and Germany is under restructuring."
In the Nordic segment, the third quarter confirmed a good development in line with historical trends. Nordic reached an 18.7% EBITA increase in Q3 and for the first nine months the increase was 13.1%. This included MSEK 30 of additional costs for digitalization in Capio Go and Capio Proximity Care and adjusted for this the EBITA increase for the first nine months was 22.7%.
The work to accelerate specialization and digitalization is continuing and as previously announced, a closer coordination and cooperation between the Nordic countries is currently being prepared. This collaboration includes a closer know-how exchange and procurement cooperation as well as joint IT based tools, supporting good service to patients and efficient processes. Capio's combination of digital and physical healthcare constitutes a unique patient offering and will transform healthcare provision in Sweden and the Nordics both in terms of availability for patients and staff productivity.
The acquisition of Legevisitten with annual net sales of approximately MSEK 600 was closed in early September and the operations are now being integrated in the Swedish specialist and primary care operations.
The French segment improved in Q3 2018 in a market characterized by low volume growth. Organic sales growth in the quarter was supported by two more working days compared with the same period in 2017. The two hospital projects are progressing and La Croix du Sud in Toulouse will open at the end of October while Médipôle Lyon-Villeurbanne in Lyon will open at the end of December. In the third quarter two existing hospital properties were impaired with a total of MSEK -45 (refer to note 3 in Interim report January-September 2018 for further information).
The ongoing restructuring impacted the development negatively in the German segment in the quarter as foreseen. Action plans are implemented and new medical teams are in place in some of the general hospitals while the specialist business is adapting to new market conditions. Visible effects are expected during 2019.
On October 8, 2018 Ramsay Générale de Santé (Ramsay GdS) increased its public cash offer to the shareholders in Capio to SEK 58 per share. On October 10, Ramsay GdS announced that the acceptance level condition was lowered to 75%. Following the increased offer and the lower acceptance level, Capio's board of directors on October 10 announced its unanimous recommendation to the Capio shareholders to accept the increased offer. As a result, the Board also decided to withdraw its proposal regarding the sale of Capio France and consequently cancelled the extraordinary general meeting to resolve on such sale that was called to be held on October 18. A minor part of the advisory and transaction costs related to the cash offer and the earlier planned divestment of Capio France were reflected in the Q3 results (MSEK -17) while the remaining costs, estimated at approximately MSEK -135, will be accounted for in Q4 (including the cost-coverage fee of MEUR 5.0 payable to Vivalto Santé).
President and CEO
For further information
Attila Vegh, President and CEO
Telephone: +46-733-34-24-42, E-mail: email@example.com
Olof Bengtsson, CFO
Telephone: +46-761-18-74-69, E-mail: firstname.lastname@example.org
Kristina Ekeblad, Investor relations manager
Telephone: +46-708-31-19-40, E-mail: email@example.com
Henrik Brehmer, SVP Group Communication and Public Affairs
Telephone: +46-761-11-34-14, E-mail: firstname.lastname@example.org
For further information regarding Capio's IR activities, refer to www.capio.com
Capio AB (publ) is a leading, pan-European healthcare provider offering a broad range of high quality medical, surgical and psychiatric healthcare services through its hospitals, specialist clinics and primary care units. Capio operates in five countries; Sweden, Norway, Denmark, France and Germany. In 2017, Capio's 13,314 employees (average full-time equivalents) provided healthcare services during 5.1 million patient visits across the Group's facilities, generating net sales of MSEK 15,327. Capio operates across three geographic segments: Nordic (57% of Group net sales 2017), France (35% of Group net sales 2017) and Germany (8% of Group net sales 2017). For more information about Capio, please see www.capio.com.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
The full report (PDF)