CUF hospitals profits up 63.4%

 In Companies, Health and Wellness, News

The CUF private hospitals group saw its profits soar by 63.7% to €25.4 million in the first half of 2023.

It was an impressive increase on the like-for-like profit of €15.5 million last year for the group headed by Salvador de Mello.
Operational income rose 20.5% to €377.8 million while operational costs increased 19.1% to €309.5 million
EBITDA grew 27% to €68.3 million while EBITDA margin rose 0.9% to 18.1%. In the first half of f 2023
In the first half of 2023 CUF registered a positive growth in care activity, reflecting “an increase in installed capacity across the network as well as the efforts and dedication of teams in response to the health needs of the population”, states its half year financial report.
“Compared to the first six months of 2022, we would emphasise the positive development of care activity in terms of consultations (+13.8%) and surgeries (+13%), A&E services (+16.4%) and internments (+18.4%), with results that show CUF’s investment in accessibility to health care”, states the group.
The CUF group highlights a total investment in the first half of 2023 of €76 million and the “very significant increase in Euribor rates on the first half of 2022, with an increase on financial expenditure of 50% which had left a dent in the overall results.