Medicover AB (FRA:5M0B)
€ 16.86 -0.02 (-0.12%) Market Cap: 2.55 Bil Enterprise Value: 3.54 Bil PE Ratio: 116.61 PB Ratio: 5.12 GF Score: 90/100
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Full Year 2018 Medicover AB Earnings Call Transcript

Feb 15, 2019 / 08:30AM GMT
Release Date Price: €7.05 (+1.00%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the fourth quarter 2018 results presentation. (Operator Instructions) Today's conference is being recorded on Friday, the 15th of February 2019.

And I should now hand over to your speaker for today, Fredrik RÃ¥gmark. Please, go ahead.

Fredrik RÃ;gmark;publ;CEO;Director
Medicover AB

Â¥ - ()-&

Hello, good morning, everyone, and welcome to our fourth quarter and year-end announcement that we do here from our office in Stockholm.

So overall, we are very pleased, very happy with the fourth quarter and how the year came out. We had revenue growth accelerating, so we had good revenues before, but it further accelerated in the fourth quarter, just short of 19%, EUR 182 million, of which organic growth was 13.6%. As importantly, our adjusted EBITDA measure bounced back to grow just short of 19% to EUR 17.6 million, as you will hear later, largely on the back of a pronounced normalization in our German lab trading, which is

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