Hygeia reports significant improvement in EBITDA

Consolidated EBITDA rose significantly by 15.9%, amounting to 11.9 million euros in the first half of 2015 compared to 10.3 million euros for the same period last year. Consolidated sales for the group remained at high levels and amounted to 114.5million euros, posting a marginal drop of 0.5%. Consolidated revenue for the first half reached 114.5 million euros, marginally down by 0.5%, as opposed to 115.1 million in the same period last year.

"Given the current economic uncertainty prevalent in Greece and despite the continuing delays on the part of the social security funds in paying off their amounts in arrears, Hygeia Group has managed to increase its operating profitability, showcasing its leading position in the Greek healthcare sector," Hygeia's chairwoman, Rita Souvatzoglou, said in a statement.

"We will continue our unwavering corporate strategy and, especially during these tough times faced by Greek entrepreneurship, we will focus on keeping our capital base strong, securing adequate liquidity and continuously increasing the operating performance of the Group companies' business activities, while maximizing synergies within the Group," she added.

Moreover, she underlined: "A fundamental pillar in every step of our financial growth has been to boost corporate value and safeguard the long-term interests of shareholders and all stakeholders, while showing a deep sense of respect for people and the environment. At Hygeia Group, despite the adverse economic climate, we continue to advance and remain committed to achieving our vision, so that the hospital services we offer are in tune with the highest standards worldwide and Hygeia Group can maintain its leading position among the recognized international organizations."