DGAP-Adhoc: AEVIS Holding SA: Publication of Annual Report 2013 - strong increase in operational profitability
AEVIS Holding SA / Key word(s): Final Results
30.04.2014 07:35
Release of an ad hoc announcement pursuant to Art. 53 KR
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AEVIS Holding SA today published its Annual Report 2013. AEVIS made further
progress in the implementation of its expansion strategy. Total
consolidated revenues soared by 32% to CHF 454.7 million (CHF 344.4 million
in 2012). Excluding acquisition effects, organic growth amounted to 3.3% in
the year under review. EBITDA increased to CHF 60.8 million, 52.0% above
the previous year (CHF 40.0 million). The profit for the reporting period
amounted to CHF 8.7 million or CHF 0.69 per share. As anticipated, the
results improved during the last twelve month period and therefore the
Board of Directors will propose to the General Meeting the distribution of
CHF 0.55 per share. The company expects revenues of more than CHF 600
million in 2014, thanks to the integration of Victoria-Jungfrau Collection
AG.
AEVIS Holding SA (AEVIS) realised a satisfactory fiscal year 2013. Total
turnover increased by 32% to CHF 454.7 million (CHF 344.4 million in 2012),
mainly due to acquisitions of clinics by Genolier Swiss Medical Network.
Organic growth amounted to 3.3%. The EBITDA surged by 52.0% to CHF 60.8
million, representing 13.4% of revenues. The operating profit (EBIT)
increased to CHF 26.9 million (CHF 16.7 million in 2012), mainly due to the
integration of the healthcare real estate portfolio. Net profit amounted to
CHF 8.7 million or CHF 0.69 per share. These results enable the Board of
Directors to propose for the second time, at the General Meeting of 4 June
2014 in Fribourg, the distribution of CHF 0.55 per share.
Genolier Swiss Medical Network fosters leading market position
Genolier Swiss Medical Network (GSMN) remains the largest subsidiary of
AEVIS with a turnover of CHF 434.0 million and an EBITDA of CHF 37.9
million achieved in 2013. GSMN pursued its growth and consolidation
strategy and finalised several acquisition transactions. Its position has
been further strengthened with the integration of Hôpital de la Providence
in Neuchâtel, Clinique de Valère in Sion and Privatklinik Villa im Park in
Rothrist. GSMN has invested more than CHF 35 million into medical
equipment, infrastructure, hotel services and on-going quality enhancement
on different levels during the year under review.
Swiss Healthcare Properties continues to grow
The real estate pillar provided additional stability to AEVIS' business
model and was an important contributor in the generation of operational
profits as reflected in an EBITDA generation of CHF 25.1 million in the
year under review. In 2013, the real estate portfolio of Swiss Healthcare
Properties grew to 25 entities located at 10 specific sites with a total
rental surface of 111'000 m2. At the end of the reporting period, all
properties were fully let (no vacancy) and represented a market value of
CHF 607.1 million.
New developments
AEVIS pursues the enlargement of its scope of activity with participating
interests and investments in services to people, healthcare, life sciences,
hotels and lifestyle. Most importantly, AEVIS will build a third main
pillar of activities dedicated to luxury hotels in Switzerland with the
successful acquisition of Victoria-Jungfrau Collection in April 2014. The
four properties belonging to Victoria-Jungfrau Collection - the
Victoria-Jungfrau Grand Hotel & Spa in Interlaken, the Palace in Lucerne,
the Eden au Lac in Zurich and the Bellevue Palace in Bern - comprise a
total of 529 rooms and suites and realised a turnover of CHF 72.2 million
and an EBITDA of CHF 2.1 million in 2013. Within AEVIS, the hotel
activities could achieve a similar importance as the clinic network of GSMN
in terms of assets and revenues in the mid-term.
Outlook 2014
AEVIS will continue the growth strategy of GSMN, evaluate further
opportunities in the healthcare related real estate market and further
develop the luxury hotel and hotel-related activities. AEVIS expects to
reach revenues of more than CHF 600 million in the fiscal year 2014 based
on both internal growth and the integration of Victoria-Jungfrau Collection
AG. Furthermore, the Group plans to continue investing in complementary
activities supporting its overall strategy, such as outpatient medical
centres, medical residences or life sciences. In the mid-term, AEVIS
expects to realise an EBITDA of more than 20% based on the optimisation of
its existing facilities and the diversification of its activities. In
addition AEVIS plans to further reinforce its distribution policy to
shareholders in 2014.
Senior Management team
As of 30.04.2014, the Senior Management team is composed of Antoine Hubert,
Delegate of the Board, and Gilles Frachon, CFO.
Detailed reporting
AEVIS Holding SA's Annual Report 2013 can be downloaded via this link:
http://www.aevis.com/aevis/pdf/AEVIS_AR_2013.pdf
For further information:
AEVIS Holding AG Media and Investor Relations:
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 - Investing for a better life
AEVIS Holding SA invests in services to people, healthcare, life sciences,
hotels and lifestyle. AEVIS's main shareholdings are Genolier Swiss Medical
Network, the second largest group of private clinics in Switzerland,
Victoria-Jungfrau Collection AG, a luxury hotel group managing four palace
hotels in Switzerland, Swiss Healthcare Properties AG, a company
specialised in medical real estate, Nescens SA, a brand dedicated to better
aging, and AS Ambulances Services SA. AEVIS wishes to progressively develop
new sectors of activity, amongst others in the sector of outpatient
surgical centres, radiology or dental medicine, in hotel or hotel-related
activities. AEVIS is listed on the Domestic Standard segment of the SIX
Swiss Exchange under the ticker AEVS.SW.
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