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Mediclinic 2019 Group Results In Line With Market View

Mediclinic International plc (MDC.L) said that its Group results for the 2019 financial year were in line with market expectations in a challenging healthcare environment.

In Switzerland, Hirslanden's performance in the second half of the year was as guided, resulting in a full year EBITDA margin of around 16%.

At the constant currency basis, Group revenue for fiscal year 2019 was up around 3.5% and EBITDA was down around 1.5%.

On a reported basis, annul revenue was up 2.0% from 2.870 billion pounds last year.But, EBITDA declined around 3.5% from 515 million pounds in the previous year.

The company expects adjusted earnings per share to be around 27 pence, compared to 30.0 pence per share paid last year.

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