MedCenter: 5 times higher profit margin

Medical services provider MedCenter forecasts an approximately 18% operating profit margin, up almost 5 times against the 4% margin reported in 2006, amid an estimated turnover increase of over 40%. “The 58% turnover increase in the first nine months of the year exceeded initial estimates by 14%. The first quarter of the year is usually the best, fetching around 33% of the annual turnover. However, in 2007, the most successful quarter for MedCenter will probably be the last one, due to the additional revenues generated by investments made throughout the entire year, as well as to the company’s increasing profile,” said Florin Balanica, general manager of MedCenter. The company’s revenues reached 5.8 million euros at the end of the third quarter, around 58% higher against the same period last year. “Subscriptions rose by less 20% against the first quarter, accounting for 18% of the turnover in the third quarter, compared with 25% in the same period last year,” Balanica added.