Medicover AB (OTCPK:MCVEY)

$ 16.55 0 (0%) Market Cap: 2.48 Bil Enterprise Value: 3.62 Bil PE Ratio: 119.73 PB Ratio: 4.66 GF Score: 72/100

Q1 2023 Medicover AB Earnings Call Transcript

Apr 27, 2023 / 07:30AM GMT

Release Date Price: $16.55

Transcript

Operator

Good day, and welcome to the Medicover First Quarter 2023 Results Presentation. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Fredrik Ragmark. Please go ahead.

Fredrik RÃ;gmark;publ;CEO;Director

Medicover AB

¥ - ()-&

Thank you, and good morning everyone to our first quarter 2023 results presentation.

So our first headline slide is very high underlying growth. Important to point out, make a very specific statement here that we see from a trading point of view, COVID-19 is behind us. It's in the past. It represents around 1% of revenue this quarter. So 99% of revenue, what we do is our underlying business and that is doing really well, very strong growth. In fact, you see underlying growth is up organically 25% year-on-year, which I think is a super strong number. If we go back, that may be interesting also to note. If we look at the first quarter 2019, which is the last

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