AEVIS Holding SA – 2012 Half-yearly results – Revenue and EBITDA increase due to acquisitions – Genolier Swiss Medical Network still represents the largest part of the scope of consolidation

AEVIS Holding SA  / Key word(s): Half Year Results

28.09.2012 07:20

Release of an ad hoc announcement pursuant to Art. 53 KR
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Fribourg, 28 September 2012 - AEVIS Holding (AEVS) today publishes its 2012
Half-Yearly Report. Consolidated revenue increased by 61% to CHF 161.8
million (CHF 100.7m). EBITDA increased by 39% to CHF 15.4 million (CHF
11.05m) and operating profit by 59% to CHF 5.4 million (CHF 3.4m). Genolier
Swiss Medical Network still represents the largest part of the scope of
consolidation, as the new real estate subsidiary Swiss Healthcare
Properties was only integrated after the half-year closure. The results
increase is primarily due to the acquisition of 4 clinics: Clinica Ars
Medica, Clinica Sant'Anna, Privatklinik Obach and Privatklinik Lindberg.
The losses of Privatklinik Lindberg AG had a negative impact of CHF 2.7
million on the net profit. AEVIS expects to achieve revenue of nearly CHF
350 million in 2012 and an annual pro forma EBITDA of about CHF 50 million.

Genolier Swiss Medical Network, the Group's main shareholding representing
the largest part of the scope of consolidation as of 30 June 2012, saw
significant growth with four major acquisitions during the first half-year.
The Sant'Anna and Ars Medica clinics in Lugano, the Obach clinic in
Solothurn and the Lindberg clinic in Winterthur were integrated into the
group and are primarily responsible for the increase in revenue (+61% to
CHF 161.8 million) and EBITDA (+39% to CHF 15.4 million). Operating profit
(EBIT) increased by 59% to CHF 5.4 million. Privatklinik Lindberg, acquired
in May and consolidated as of 1 June 2012, still has an adverse impact on
the net profit but will recover its financial balance in 2013 through a
complete repositioning of the establishment. On 30 June 2012, AEVIS
realised a net profit of CHF 0.86 million, compared to CHF 1.4 million in
2011.

With the capital increase agreed to at the Extraordinary Meeting of 2 July
2012 and the integration of Swiss Healthcare Properties AG as a 100%
subsidiary, AEVIS has laid the essential bases for its further development
and long-term sustainability, increasing both its size and its capital
base. The effects of this acquisition, which occurred after 30 June 2012,
are not reflected in the half-yearly results but will be integrated in the
Annual Report 2012. Medical real estate is a unique specialty that will
offer numerous opportunities during the application of the new hospital
financing systems. With this new subsidiary, AEVIS expects to achieve a pro
forma EBITDA of about CHF 50 million in 2012.

The Nescens brand, the fruit of a partnership of GSMN with CSPV (Swiss
Centre for the Prevention of Aging), in which AEVIS has a 33% stake, and La
Réserve, is positioning itself as the leading global anti-aging specialist.
The first Nescens Check-up Centres will soon be opening in GSMN's Sant'Anna
and Genolier clinics, while La Réserve in Geneva will host the brand's
first spa. Clinique Spontini SAS will soon be running a clinic in Paris
under the Nescens brand that will be the Group's first clinic dedicated
entirely to aesthetic surgery. AEVIS has also acquired a majority stake in
AS Ambulance Services SA, the largest private ambulance company in Geneva.

The 2012 Half-Yearly Report is available at the folllowing link:
http://www.aevis.com/aevis/pdf/AEVIS_1H_2012.pdf 

For further information:
Media and investor relations for AEVIS Holding SA: c/o Dynamics Group,
Zurich

Edwin van der Geest, vdg@dynamicsgroup.ch, +41 (0) 43 268 32 35 or +41 (0)
79 330 55 22
Philippe R. Blangey, prb@dynamicsgroup.ch, +41 (0) 43 268 32 35 or +41 (0)
79 785 46 32


AEVIS Holding SA

AEVIS Holding SA invests in the healthcare sector, life sciences and
personal care services. AEVIS's main shareholdings are Genolier Swiss
Medical Network, the second largest group of private clinics in
Switzerland, and Swiss Healthcare Properties AG, a company specialized in
medical real estate. AEVIS plans to continue development in these sectors
of activity as well as in others, including outpatient surgical centres,
radiology and dental medicine. AEVIS Holding SA is listed on the Domestic
Standard segment of the SIX Swiss Exchange under AEVS.

For further information: 
http://www.aevis.com/aevis/pdf/AEVIS_Brochure.pdf


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