News

HomePress ReleasesNews
22 January 2018

MD Medical Group Posts Strong Growth Across All Operational Indicators for 4Q and FY 2017

md_medical_group_posts_strong_growth_across_all_operational_indicators_for_4q_and_fy_2017.pdf Download file (637 K)

MD Medical Group Investments Plc (“MD Medical Group”, “MDMG” or the “Company” – LSE: MDMG), a leading Russian private healthcare provider, today announces its operating results for the fourth quarter and 12 months of 2017.

Key operational highlights for FY 2017:

  • Total deliveries increased 2% year-on-year (y-o-y) to 6,808
  • Total IVF cycles increased 20% y-o-y to 16,806
  • Total in-patient treatments increased 15% y-o-y to 61,344
  • Total out-patient treatments increased 9% y-o-y to 1,516,001

Mark Kurtser, CEO of MD Medical Group, said:

“We successfully completed the fourth quarter of 2017 and demonstrated strong operational results for the full year. In FY 2017, we increased the number of IVF cycles by 20%, or by over 2,800 cycles, year-on-year. In total, we completed 16,806 cycles and thus are maintaining our leadership in this sector in Russia. The number of deliveries grew 2% year-on-year to 6,808 despite demographics. In-patient and out-patient treatments grew 15% and 9% year-on-year, respectively, and were significantly driven by high growth rates in other medical services combined with the continued ramp-up of our multi-disciplinary hospitals in Ufa, Lapino, and Novosibirsk.

We will continue to focus on our core medical services for women and children in our further business development. In particular, in 2017, we opened three new clinics in different cities, and in 2018-2019 we plan to add 15 new clinics in Moscow and across the country. We will also continue to build multi-disciplinary hospitals. We launched construction of our hospital in Tyumen and continued work on our hospital in Samara, which we plan to open in Q1 2018. We are also preparing to start construction of hospitals in Kazan and St Petersburg, and to expand the Lapino hospital by adding a new building. All our new hospitals are designed to provide a wide range of services.

“The strong performance and active implementation of our plans confirm the efficiency of our business model and strategy, demonstrate the ability of our experienced management team and doctors to implement this strategy, and lay the foundation for the further successful growth going forward.”

Deliveries

  • In FY 2017, total deliveries increased 2% y-o-y to 6,808.
  • In Q4 2017, total deliveries increased 2% y-o-y to 1,665.

IVF

  • In FY 2017, total IVF cycles rose 20% y-o-y to 16,806.
  • In Q4 2017, total IVF cycles rose 19% y-o-y to 4,738.
  • In FY 2017, LFL[1] 16,243 IVF cycles were performed, up 16% y-o-y.

In-patient treatments

  • In FY 2017, total in-patient treatments grew 15% y-o-y to 61,344, driven by:
    • 7% increase in OBGYN in-patient treatments;
    • 67% increase in in-patient days using other medical services.
  • In Q4 2017, the total number of in-patient days increased 18% y-o-y to 16,461.

Out-patient treatments

  • In FY 2017, the total number of out-patient treatments increased 9% y-o-y to 1,516,001, driven by:
    • 5% increase in OBGYN out-patient treatments;
    • 9% rise in paediatric out-patient visits;
    • 13% increase in other medical services.
  • In Q4 2017, the total number of out-patient treatments increased 9% y-o-y to 403,603.
  • In FY 2017, LFL out-patient treatments increased 8% y-o-y to 1,498,415.
[1] LFL data does not include figures for the clinics in Tyumen, Vladimir, Voronezh, AMG (January 2017), Odintsovo (for January -August 2017), Kostroma (January – March 2017) as well as for the Mother and Child Khodynskoe Pole clinic in Moscow (January-June 2017)
 

TOTAL

LFL

 

FY 2017

FY 2016

y-o-y, %

4Q 2017

4Q 2016

y-o-y, %

FY 2017

FY 2016

y-o-y, %

Obstetrics and Gynaecology

Deliveries

6,808

6,656

2%

1,665

1,637

2%

6,808

6,656

2%

In-patient treatments (except deliveries)

25,375

23,796

7%

6,462

5,758

12%

25,375

23,796

7%

Out-patient treatments

534,187*

506,756

5%

138,110

132,133

5%

518,936

501,330

4%

IVF

 

16,806

14,004

20%

4,738

3,993

19%

16,243

14,004

16%

Paediatrics

In-patient treatments

18,580

18,946

-2%

4,994

5,238

-5%

18,580

18,946

-2%

Out-patient treatments

431,256

396,608

9%

116,843

108,767

7%

431,252

396,608

9%

Other medical services

In-patient treatments

17,389

10,400

67%

5,005

2,930

71%

17,389

10,400

67%

Out-patient treatments

550,558*

485,631

13%

148,650

129,984

14%

548,227

485,631

13%

Total

Total deliveries

6,808

6,656

2%

1,665

1,637

2%

6,808

6,656

2%

Total IVF

16,806

14,004

       20%

4,738

3,993

19%

16,243

14,004

16%

Total in-patient treatments

61,344

53,142

15%

16,461

13,926

       18%

61,344

53,142

       15%

Total out-patient treatments

1,516,001

1,388,995

9%

403,603

370,884

9%

1,498,415

1,383,569

8%

This announcement contains inside information.

For further information please contact:

Investors
Media
Dmitry Yakushkin
MD Medical Group Investments Plc
Tel: +7 495 331 4120
d.yakushkin@mcclinics.ru
EM

Tom Blackwell: +7 919 102 9064
Sergii Pershyn: +1 929 855 8188

About MD Medical Group

MD Medical Group is a leading provider in the highly attractive Russian private healthcare service market. The company manages 34 modern healthcare facilities, including 4 hospitals and 30 outpatient clinics in Moscow and the Moscow Region, St. Petersburg, Ufa, Perm, Samara and the Samara Region, Irkutsk, Novosibirsk, Irkutsk, Yaroslavl, Ryazan, Kostroma, Novokuznetsk, Krasnoyarsk, Omsk, Barnaul, Vladimir, Tyumen, and Voronezh.

The Company’s shares have been listed on the London Stock Exchange (LSE ticker “MDMG”) in the form of Global Depositary Receipts (GDRs) since 12 October 2012.

Forward-Looking Statements:

This press release contains forward looking statements, which are based on the Company’s current expectations and assumptions and may involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The forward looking statements contained in this press release are based on past trends or activities and should not be taken that such trends or activities will continue in the future. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables which could cause actual results or trends to differ materially, including, but not limited to: conditions in the market, market position of the Company, earnings, financial position, cash flows, return on capital and operating margins, anticipated investments and economic conditions; the Company’s ability to obtain capital/additional finance; a reduction in demand by customers; an increase in competition; an unexpected decline in revenue or profitability; legislative, fiscal and regulatory developments, including, but not limited to, changes in environmental and health and safety regulations; exchange rate fluctuations; retention of senior management; the maintenance of labour relations; fluctuations in the cost of input costs; and operating and financial restrictions as a result of financing arrangements.

No statement in this press release is intended to constitute a profit forecast, nor should any statements be interpreted to mean that earnings or earnings per share will necessarily be greater or lesser than those for the relevant preceding financial periods for the Company. Each forward looking statement relates only as of the date of the particular statement.


2018   2017   2016   2015   2014   2013   2012  
E-mail*
First Name*
Last Name*
Institution Name

© 2018 «Mother and child»

Developed by