logo
Share SHARE
FONT-SIZE Plus   Neg

Rhoen-Klinikum Q3 EBITDA Down; Confirms 2017 Outlook

German hospital operator Rhoen-Klinikum AG (RKKPF.PK) reported that its third-quarter earnings before interest, taxes, depreciation and amortisation or EBITDA declined to 27.4 million euros from 28.1 million euros last year.

But, revenues rose by 3.2 percent to 304.0 million euros from the previous year's 294.7 million euros.

Rhoen-Klinikum said that it treated 3.7 percent more patients in the third quarter of the current financial year than in the same quarter of last year.

The company confirmed its forecast for the current financial year of 2017 and expects revenues of between 1.20 billion euros and 1.23 billion euros and earnings before interest, taxes, depreciation and amortisation (EBITDA) of between 85 million euros and 105 million euros. This includes negative effects in a low two-digit million figure due to additional expense from digitalising medical processes and one-off burdens from group restructuring. The company expects EBITDA to be within the upper half of the range when full legal ratification takes place.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

26 Articles
Editors Pick
Shares of Thomas Cook Group Plc. were losing around 11 percent in the morning trading in London after the British tour operator reported Wednesday weak UK margins in its fiscal 2017, despite higher group profit and revenues. Further, the company lifted its final dividend, and said it is well-positioned to achieve a full year operating result in line with market expectations.. Google plans to de-rank articles from Russian state-owned media sites, Russia Today and Sputnik, following allegations about Kremlin meddling in U.S. electoral processes. Eric Schmidt, the executive chairman of Google's parent company Alphabet, said Google would begin to reduce the presence of Russia Today and Sputnik. Federal Communications Commission Chairman Ajit Pai has announced plans to repeal the net neutrality rules implemented under President Barack Obama. Pai, who was appointed by President Donald Trump, said he circulated his draft order to his fellow FCC commissioners Tuesday morning, with the order...
comments powered by Disqus
Follow RTT