Euroclinic sees 30% higher sales in Q1

Euroclinic Hospital & Medical Centers, operating a private hospital and several clinics in Bucharest, in the first three months saw its turnover go up by 30% in RON, in line with the full-year budget. “The 30% increase comes from the new patients of existent units. Taking into account the newly opened clinics, the advance would top 50%. We’re on schedule with the full-year budget in terms of operating income as well. We are where we wanted to be,” said Catalin Popa, CEO of Euroclinic Hospital & Medical Centers. In 2009, the company posted 7.7m-euro turnover, a little more than initial estimates and for this year the company targets 10m-euro turnover. Under the circumstances, first quarter turnover would revolve around 2.5m euros, according to ZF estimates. Euroclinic plans to invest in two new clinics this year, after having opened new clinics in 2009, in Piata Muncii and Pipera. “We have two projects underway. We’re not considering another hospital (…),” Popa also says.