31. August 2018 - Interim Report 2018

investor news

Investment company MPH Health Care AG with successful first half-year of 2018: Net asset value rises by 43 % to EUR 6.93 per share

  • Net earnings EUR 55.9 million (previous year: EUR -2.2 million)
  • Investments: HAEMATO has more than doubled its EBIT; M1 Kliniken grows by 30 %; CR Capital benefits from great interest in the “Halle Gardens” construction project in Schkeuditz/Leipzig
  • Dividend payment of 20 cents per share (previous year: 12 cents) made in July

Berlin, 31 August 2018: MPH Health Care AG (ISIN: DE000A0L1H32) benefited from the successful development of its portfolio companies in the first half-year of 2018. The net asset value (NAV) per share rose year-on-year by 43.4 % from EUR 4.83 to EUR 6.93. With this, the NAV continues to exceed the current share price considerably (Xetra closing on August 30: EUR 4.54).

IFRS equity capital amounted to EUR 296.6 million at the reporting date of 30 June 2018 (H1 2017: EUR 206.6 million). MPH increased its net earnings (IFRS) in the first half-year of 2018 to EUR 55.9 million (H1 2017: EUR -2.2 million).

“Our listed investments in HAEMATO, M1 Kliniken and CR Capital Real Estate have continued their successful development in the first half-year of 2018,” says Patrick Brenske, CEO of MPH. “With our focus on growth companies of the German health care market, we systematically benefit from the industry’s above-average development compared to the overall economy. We were therefore able to pay a significantly higher dividend of 20 cents per share in July 2018.”

The three major portfolio companies of MPH Health Care AG recorded a positive development in the first half-year of 2018.

HAEMATO AG, a pharmaceutical company focusing on the growth markets of high-priced specialty pharmaceuticals, more than doubled its earnings before interest and taxes (EBIT) – with slightly increasing sales – to EUR 6.5 million compared to the previous year in the first half-year of 2018.

M1 Kliniken AG, a leading private provider of health services in the field of aesthetic medicine in Germany, continued its profitable growth course and increased Group sales by 30% to EUR 28.9 million. For the second half-year of 2018, not only additional M1 Med Beauty locations, but also further specialist centres for aesthetic dental treatments under the new brand “M1 Dental” are planned. In addition, M1 is targeting its internationalisation. The first international location is to be opened in Vienna in the second half of 2018.

CR Capital Real Estate AG, which focuses on project developments in the residential and health care real estate sectors, has successfully continued its current construction project “Halle Gardens” in Schkeuditz/Leipzig. The first residential units were handed over to the new owners in April. The complete handover of the first construction phase with 96 residential units is to take place until autumn 2018. Due to the high demand, CR has already acquired further adjacent areas and is planning further new buildings there. In addition, CR has secured plots in the Berlin surroundings, in attractive quality locations with good infrastructure.

 The Half Year Report 2018 of MPH Health Care will be available for download from www.mph-ag.de/investor-relations later today.