The specialist in medical data collection, processing, and distribution, as well as healthcare information services, has reported overall solid annual results.
Last year, revenues edged down 0.8% to 649.2 million euros, while adjusted EBITDA rose 9% to 134.6 million euros. The latter benefited from disciplined cost management, particularly regarding external expenses, as the company reduced its reliance on third-party providers by bringing expertise in-house. The adjusted operating margin improved by 1.6 percentage points to reach 7.6%.
Meanwhile, operating income surged 92%, climbing from 15.8 million to 30.2 million euros, and the group share of net profit reached 9.4 million euros, compared to a loss of 14.7 million euros a year earlier.
For the current fiscal year, the group anticipates organic revenue growth exceeding 2%, with adjusted operating income expected to continue its significant upward trend. The company noted that these objectives do not constitute formal forecasts and could be impacted by any significant escalation in geopolitical, economic, or monetary risks.
Cegedim is a European leading in collecting, processing, and distributing data and services related to medical information. Net sales break down by market as follows:
- Insurance companies and services (73.4%): computerization of insurers and mutual benefit insurance companies, management of third-party payers and health care trends, external human resources management, computer and Internet services, etc. The group also develops processing sales statistics of pharmaceutical products, management of medical samples and promotional materials activities, etc. (GERS);
- Health care professionals (20.6%): software for physicians and pharmacists, pharmaceutical data base, scientific, medical, and promotional information, etc.;
- other (6%).
France accounts for 91.9% of net sales.
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