on MPH Health Care AG (isin : DE000A289V03)
MPH Health Care AG Reports Strong Q1 2024 Results
On June 11, 2024, MPH Health Care AG (ISIN: DE000A289V03) announced its preliminary IFRS consolidated results for Q1 2024. The company's net asset value per share rose significantly from EUR 43.91 in Q1 2023 to EUR 58.77 as of March 31, 2024, marking a 34% increase. The company’s equity reached EUR 251.6 million, with a high equity ratio of 94.3%.
MPH's operating result improved considerably, showing an EBIT of EUR 0.71 million compared to EUR -33.93 million in the same period the previous year. The result for the period increased to EUR 0.67 million, reversing a EUR -33.42 million loss from Q1 2023.
M1 Kliniken AG and CR Energy AG, both listed on the Frankfurt Stock Exchange, contributed significantly to the positive performance. M1 Kliniken's Q1 2024 sales rose to EUR 84.7 million, with the Beauty segment seeing an 18% increase in sales and an EBIT margin rise to 21.9%. Meanwhile, CR Energy AG maintained stable equity ratios amidst declines in EBIT, focusing on renewable energy and sustainable living sectors.
Despite global conflicts and high energy costs, MPH remains optimistic about 2024, driven by strong operational performance and strategic investments.
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