MPH Health Care AG Announces Solid Financial Growth in Preliminary 2023 IFRS Results

MPH Health Care AG reported a significant increase in equity and earnings before interest and taxes (EBIT) for the fiscal year 2023, according to its preliminary IFRS results. The equity of the company grew by almost 30 million euros, reaching a total of 251.0 million euros, which translates to 58.62 euros per share. This marks a substantial increase from the previous year's 221.4 million euros. The equity ratio also improved, rising to 94.2%.

In the same reporting period, EBIT advanced to 30.2 million euros, a step up from the previous year's 29.6 million euros. Most notably, the company’s net profit saw a marginal rise to 29.5 million euros from 29.1 million euros in the prior year. MPH attributes much of the profit to fair value adjustments of its listed investments, reflecting higher market prices compared to the end of the previous year.

Additionally, MPH Health Care's investment entities, M1 Kliniken AG and CR Energy AG, also had a successful year. M1 Kliniken AG expanded its operations in cosmetic medicine by opening new centers and reported an 18% increase in its "Beauty" segment revenues. On the other hand, CR Energy AG saw a year marked by significant engagement in sustainable energy and living spaces, though it did witness a slight decrease in EBIT year-on-year.

Citing robust investment portfolio performance and operational expansions, CEO Patrick Brenske expressed optimism for continued growth into 2024 despite challenging global conditions.