Medicover Logo

Medicover

ISIN

SE0009778848

Ticker

MCOV

Sector

Health Care

Sub-Industry

Health Care Facilities

Country

Sweden

Year Founded

1995

About Medicover

Company Description

Medicover is a specialised provider of diagnostic and healthcare services, focusing on markets mainly in Central and Eastern Europe and India. The company operates through two divisions – Diagnostic Services and Healthcare Services.

Healthcare Services – offers high-quality care based on an Integrated Healthcare Model and Fee-For-Service. The basis for this is a network of 32 hospitals and 129 medical centres, 64 dental clinics, 26 fertility clinics and 77 gyms. The division accounted for 51 per cent of total revenue in 2021. Largest markets are Poland, India and Romania.

Diagnostic Services - provides a broad range of laboratory testing in all major clinical pathology areas. The business is conducted through a network of 99 laboratories, 852 blood-drawing points (BDPs) and 24 clinics. The division accounted for 49 per cent of total revenue. Largest markets are Germany, Romania, Ukraine and Poland.

Headcount

32,387

Headquarters

Riddargatan 12A
10246, Stockholm
Sweden

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 1,110,900,000.00 1,684,300,000.00 1,831,700,000.00
Noncurrent Assets N/A 821,700,000.00 1,132,700,000.00 1,496,500,000.00
Property Plant And Equipment N/A 257,900,000.00 319,300,000.00 445,000,000.00
Goodwill N/A 289,200,000.00 371,700,000.00 495,900,000.00
Intangible Assets Other Than Goodwill N/A 64,600,000.00 75,100,000.00 126,000,000.00
Investments In Associates Accounted For Using Equity Method N/A N/A 8,500,000.00 800,000.00
Investments In Associates N/A 7,600,000.00 8,500,000.00 N/A
Deferred Tax Assets N/A 12,100,000.00 11,900,000.00 15,700,000.00
Other Noncurrent Financial Assets N/A 9,900,000.00 18,800,000.00 17,500,000.00
Current Assets N/A 289,200,000.00 551,600,000.00 335,200,000.00
Inventories N/A 53,000,000.00 72,000,000.00 58,200,000.00
Other Current Financial Assets N/A 0.00 3,100,000.00 0.00
Current Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value N/A 40,100,000.00 192,900,000.00 8,700,000.00
Cash and cash equivalents 34,800,000.00 46,700,000.00 81,900,000.00 40,400,000.00
Equity And Liabilities N/A 1,110,900,000.00 1,684,300,000.00 1,831,700,000.00
Equity 359,700,000.00 483,500,000.00 562,100,000.00 510,800,000.00
Equity Attributable To Owners Of Parent N/A 448,000,000.00 517,600,000.00 474,700,000.00
Noncontrolling Interests N/A 35,500,000.00 44,500,000.00 36,100,000.00
Liabilities N/A 627,400,000.00 1,122,200,000.00 1,320,900,000.00
Noncurrent Liabilities N/A 399,100,000.00 797,200,000.00 967,300,000.00
Deferred Tax Liabilities N/A 30,000,000.00 35,300,000.00 42,000,000.00
Other Noncurrent Financial Liabilities N/A 45,900,000.00 78,300,000.00 82,400,000.00
Other Noncurrent Liabilities N/A 3,400,000.00 5,700,000.00 2,900,000.00
Longterm Borrowings N/A N/A 375,300,000.00 473,400,000.00
Current Liabilities N/A 228,300,000.00 325,000,000.00 353,600,000.00
Trade And Other Current Payables N/A 149,400,000.00 182,400,000.00 182,600,000.00
Current Tax Liabilities Current N/A 7,800,000.00 28,800,000.00 25,500,000.00
Other Current Financial Liabilities N/A 6,800,000.00 4,600,000.00 20,500,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A N/A 42,900,000.00 42,300,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 997,800,000.00 1,377,400,000.00 1,510,200,000.00
Revenue From Interest 900,000.00 1,000,000.00 2,700,000.00
Other Gains Losses 1,500,000.00 700,000.00 -3,200,000.00
Profit Loss From Operating Activities 61,300,000.00 159,400,000.00 55,500,000.00
Profit Loss Before Tax 37,300,000.00 143,800,000.00 19,800,000.00
Income Tax Expense Continuing Operations 10,000,000.00 37,200,000.00 5,800,000.00
Profit (loss) 27,300,000.00 106,600,000.00 14,000,000.00
Profit Loss Attributable To Owners Of Parent 25,800,000.00 101,800,000.00 12,100,000.00
Profit Loss Attributable To Noncontrolling Interests 1,500,000.00 4,800,000.00 1,900,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 27,300,000.00 106,600,000.00 14,000,000.00
Adjustments For Decrease Increase In Inventories N/A -22,000,000.00 -17,100,000.00 12,700,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains N/A 7,000,000.00 -2,600,000.00 3,900,000.00
Adjustments For Sharebased Payments N/A 4,700,000.00 6,400,000.00 9,600,000.00
Other Adjustments For Noncash Items N/A 5,300,000.00 -1,800,000.00 2,200,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 11,000,000.00 18,300,000.00 19,100,000.00
Cash Flows From Used In Operating Activities N/A 155,100,000.00 216,700,000.00 170,200,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 12,200,000.00 87,500,000.00 229,100,000.00
Cash Advances And Loans Made To Other Parties Classified As Investing Activities N/A 200,000.00 2,800,000.00 0.00
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities N/A 100,000.00 0.00 N/A
Interest Received Classified As Investing Activities N/A 900,000.00 900,000.00 1,700,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A 10,900,000.00 40,300,000.00 186,400,000.00
Cash Flows From Used In Investing Activities N/A -126,300,000.00 -333,600,000.00 -184,800,000.00
Payments From Changes In Ownership Interests In Subsidiaries N/A 1,200,000.00 1,500,000.00 7,700,000.00
Proceeds From Issuing Shares N/A 141,900,000.00 300,000.00 0.00
Payments To Acquire Or Redeem Entitys Shares N/A 0.00 300,000.00 0.00
Proceeds From Borrowings Classified As Financing Activities N/A 181,400,000.00 293,700,000.00 524,100,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 287,800,000.00 54,700,000.00 434,700,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 31,400,000.00 38,500,000.00 50,600,000.00
Dividends Paid Classified As Financing Activities N/A 0.00 10,400,000.00 17,800,000.00
Interest Paid Classified As Financing Activities N/A 15,800,000.00 19,700,000.00 32,400,000.00
Cash Flows From Used In Financing Activities N/A -13,200,000.00 164,100,000.00 -24,300,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 15,600,000.00 47,200,000.00 -38,900,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -3,700,000.00 -12,000,000.00 -2,600,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 15,600,000.00 47,200,000.00 -38,900,000.00
Cash and cash equivalents 34,800,000.00 46,700,000.00 81,900,000.00 40,400,000.00

Please note that some sums might not add up.

Filings & Publications

  • Consolidated Report 2022 - Q4 Swedish 🇸🇪 Published: 09.05.2023
  • Consolidated Report 2021 - Q4 Swedish 🇸🇪

Insider Trades

Date Trading entity / Person Association Trade type Volume
19.06.2024 Kamila Skorupinska Other Buy SEK 9,500.00
19.06.2024 Kamila Skorupinska Other Buy SEK 9,490.00
14.06.2024 Kamila Skorupinska Other Buy SEK 7,960.00
29.05.2024 RICHARD SANDS Other Other SEK 0.00
13.12.2023 Fredrik Rågmark Other Other SEK 29,433,500.00
06.11.2023 Fredrik Stenmo Other Buy SEK 3,871,500.00
10.08.2023 Peder af Jochnick Other Buy SEK 407,886.00
09.08.2023 Peder af Jochnick Other Buy SEK 235,500.00
08.08.2023 Peder af Jochnick Other Buy SEK 790,000.00
04.08.2023 Peder af Jochnick Other Buy SEK 320.00

Capital Markets Information

ISIN

SE0009778848

LEI

5493000E9BUOYMOW2K53

Listed Stock Exchange

Nasdaq Stockholm

Contact Investor Relations Department

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