Marcu, MedLife: We will focus on operating margins this year

Private medical services provider MedLife, one of the leading players in its sector, expects an over 25% EBITDA margin, from a less than 20% margin in 2008. “We will focus on profit this year. In terms of net profit, we fared poorly last year, because of loans contracted in euros,” said Mihail Marcu, chairman of MedLife. He did not specify the value of last year’s net profit. MedLife posted a 21.2 million-euro turnover, and, considering an around 20% margin, EBITDA would amount to around 4 million euros. On the corporate segment, the new contracts that MedLife won last year, which contributed to the 67% turnover increase, were sealed with Bancpost, Henkel Romania, Nokia Romania – Jucu, Arctic and MOL Romania. Another factor which boosted MedLife’s business was the opening of new facilities. This year, MedLife has announced that the increase in the turnover, budgeted at 31.5 million euros, will be based more on attracting new clients and less on opening new facilities.