AEVIS VICTORIA SA / Key word(s): 9 Month figures
28-Oct-2020 / 18:06 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Fribourg, 28 October 2020
AEVIS VICTORIA SA: Return to revenue growth in the third quarter of 2020
AEVIS VICTORIA SA (AEVIS) generated a turnover of CHF 509.9 million in the first nine months, 0.8% less than in the same period of the previous year (CHF 513.8 million). Net sales (excluding doctors fees) amounted to CHF 444.3 million, 1.1% less than in 2019 (CHF 449.4 million). The solid growth in the hospital segment at the beginning of the year as well as the expansion of the hospitality segment with the integration of the Seiler Hotels in Zermatt, the InterContinental in Davos and the reopening of La Réserve Eden au Lac in Zurich was suddenly interrupted by the COVID pandemic. The decline in revenue caused by the ban on elective surgery and the closure of all hotels for several weeks has been partially compensated since May and especially since the beginning of the second half of the year, and the Group showed good overall resilience.
Moreover, third quarter revenues increased by 0.8% year-on-year from CHF 162.1 million to CHF 163.3 million. Swiss Medical Network in particular contributed to this good result with a 3.6% increase in turnover from CHF 136.8 million to CHF 141.8 million. In the hospitality segment, revenue in the third quarter fell by 19.2% from CHF 20.7 million to CHF 16.7 million as a result of lower occupancy rates due to a lack of foreign guests and the almost complete absence of MICE business (meetings, incentives, congresses, exhibitions).
For further information:
AEVIS VICTORIA SA – Investing for a better life
End of ad hoc announcement