DGAP-News: Medios AG / Key word(s): AGM/EGM
10.07.2019 / 13:24
Medios AG holds successful Annual General Meeting – Growth on track, forecast for financial year 2019 confirmed
Berlin, 10 July 2019 – Medios AG (‘Medios’), one the leading Specialty Pharma companies in Germany, has held its 2019 Annual General Meeting today. All agenda items were passed with a large majority. Altogether, around 64 per cent of the share capital was present. The agenda items included, among others, the discharge of the Management Board and Supervisory Board members, the election of the auditor as well as the creation of a new authorized and a new contingent capital 2019. In addition, the shareholders approved a profit-and-loss transfer agreement with Medios Analytics GmbH. The voting results for the agenda items can be found on the Medios AG website at https://medios.ag/en/investor-relations/general-assembly.
In the course of the Annual General Meeting, the Management Board of Medios AG presented its growth strategy and confirmed its forecast for the 2019 financial year. Accordingly, it is still anticipating group sales of EUR 430 to 440 million, earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted for extraordinary expenses*, of EUR 16.5 to 17.5 million, and earnings before taxes (EBT), adjusted for extraordinary expenses*, of EUR 14.5 to 15.5 million. This represents sales growth of 31 to 34 per cent as well as a further increase in adjusted operating earnings*.
Matthias Gärtner, CFO of Medios AG: ‘We would like to sincerely thank our shareholders for the trust they have placed in us. We remain very confident that we will continue the Medios Group’s dynamic growth course in the current financial year and increase our profitability once again.’
* EBITDA and EBT are both adjusted for extraordinary expenses for stock options in the amount of EUR 1.1 million (non-cash). EBT is additionally adjusted for extraordinary expenses of EUR 0.6 million (non-cash) for amortization on the customer base following the acquisition of operating units of BerlinApotheke Schneider & Oleski oHG.
About Medios AG
Medios AG is Germany’s first publicly listed Specialty Pharma company. The share (WKN: A1MMCC, ISIN: DE000A1MMCC8) is listed in the Regulated Market of the Frankfurt Stock Exchange (General Standard).
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