Medicover AB (OTCPK:MCVEF)

$ 16.49 0 (0%) Market Cap: 2.41 Bil Enterprise Value: 3.55 Bil PE Ratio: 119.73 PB Ratio: 4.66 GF Score: 72/100

Q2 2022 Medicover AB Earnings Call Transcript

Jul 22, 2022 / 07:30AM GMT

Release Date Price: $17.15

Transcript

Operator

Good day, and thank you for standing by and welcome to Second Quarter 2022 Results Presentation from Medicover. (Operator Instructions)

I'd now like to turn the conference over to your speaker today, Fredrik Ragmark. Please go ahead.

Fredrik RÃ;gmark;publ;CEO;Director

Medicover AB

¥ - ()-&

Thank you. Good morning, everyone, and welcome to Medicover second quarter 2022 results. So we start with Slide 3. We put the headline here, a challenging quarter, but still robust delivery is I think a summary of where we feel we are. Undoubtedly this has been a rather challenging quarter not unexpectedly with COVID-19 testing largely dropping out during the quarter, a full quarter impact of the war in Ukraine and still an accelerating cost inflation situation and finally, us expanding at an unprecedented pace and then quite a few units still aiming to reach maturity. All of those factors are sort of creating headwinds. Despite that, we grow. So although the sort of top line single-digit growth number

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