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

Q2 2023 Medicover AB Earnings Call Transcript

Jul 26, 2023 / 07:30AM GMT

Release Date Price: $16.55

Transcript

Fredrik RÃ;gmark;publ;CEO;Director

Medicover AB

¥ - ()-&

Thank you. Good morning, everyone. Welcome to our second quarter 2023 results presentation. And we have headlined our first slide, strong organic growth, although still difficult macroeconomic environment. I think that summarized very well the environment we're in, still high inflation cost pressures, et cetera, et cetera. But despite that, I think we delivered a very solid, robust set of numbers, fundamentally underlying good, strong organic growth overall 12.9% and neutralizing for the impact of the still quite significant COVID quarter last year around we tick up to 22% organic growth, again, a good solid number.

And of that, just below 10 percentage points represent price illustrating the impact of the quite significant efforts the team has done on price adjustments over the past year.

Also to point your attention to the fact that if we annualize the growth in the quarter, we put on more than EUR 350 million of additional revenue since -- over the last 12 months

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