Limes Schlosskliniken: H1 confirms the case, FCF set to grow strongly; chg. - NuWays AG Research
Yesterday, LIMES published its H1'25 report, showing continued top-line expansion thanks to the
new clinics as well as strong profitability despite the ramp-up of those. In detail:
ANNONS
H1 sales grew 29.2% yoy to € 29.7m, carried by 31,552 billed patient days (+17.5% yoy) and a 10%
rise in revenue per day to € 942. New clinics Abtsee and Bergisches Land contributed € 7.4m, and
management expects the largest incremental growth from these two sites going forward. PRC
Zurich grew 25% yoy with demand into H2 unchanged and a standing waiting list. Mind you, Zurich is the ultra-premium offering, carrying both the highest rate per day and the least cyclicality. Fürstenhof and Mecklenburgische Schweiz ran below last year's occupancy, with a return to good utilisation expected by mid-year.
