Apr 26 2010
Global Health Partner AB (STO:GHP):
FIRST QUARTER 2010
* Revenues increased by 12 percent to SEK 140.6 million (126.0)
* The operating result amounted to SEK 4.7 million (3.3)
* The result before tax amounted to SEK 5.6 million (2.9)
* The result after tax amounted to SEK 2.3 million (-0.3)
* The result per share amounted to SEK -0.01 (-0.06)
* Organic growth of 12 percent
* Successful spreading of ownership gave 600 new shareholders
THE CEO'S COMMENTS
The strong growth within our Service Line Bariatrics continues, above all at our oldest clinic Bariatric Center Stockholm. Our arrhythmia clinic Arrhythmia Center Stockholm has also had good capacity utilization during the quarter and continues to generate better than expected results. However, the year has overall begun with somewhat worse growth and results from the clinics than in the corresponding period in 2009. The main reason for this is temporary shortage of doctors in some clinics and lower intake of patients in Service Line Dental. Furthermore, certain costs have been incurred for the adjustments of the rehabilitation business at Stockholm Spine Center, our single largest clinic.
The supply of doctors is now secured and the adjustment of the rehabilitation business at Stockholm Spine Center is complete. We also intensified the marketing of our dental clinics at the end of the quarter.
The starting up of our new clinics in Prague, Skåne and UAE is proceeding according to plan.
26 April 2010
Gothenburg
Global Health Partner AB(publ)
Per Båtelson
CEO
SOURCE Global Health Partner AB
www.globalhealthpartner.com