Results were up in Q4, both including MandA and on a like-for-like basis
The company posted a good set of results YoY, substantially in line with our estimates: revenues +32%, EBITDA +31% and EBIT +33%. Net income was down by around 17% YoY due to a lower tax rate in connection with exceptional items in Q4 2020 and the impact of the management team incentive plan (i.e. EUR 1.3m). 2021 FY net income was up by around 59% YoY. Results benefited from the change in the perimeter (3 new structures), ....
17 Mar 2022
Higher agreed budgets to drive up 2022 figures
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Higher agreed budgets to drive up 2022 figures
Garofalo Health Care S.P.A. (GHC:MIL) | 0 0 0.0%
- Published:
17 Mar 2022 -
Author:
Michi Dario DM -
Pages:
7
Results were up in Q4, both including MandA and on a like-for-like basis
The company posted a good set of results YoY, substantially in line with our estimates: revenues +32%, EBITDA +31% and EBIT +33%. Net income was down by around 17% YoY due to a lower tax rate in connection with exceptional items in Q4 2020 and the impact of the management team incentive plan (i.e. EUR 1.3m). 2021 FY net income was up by around 59% YoY. Results benefited from the change in the perimeter (3 new structures), ....