SHL Telemedicine Reports Fourth Quarter and Fiscal Year 2013 Financial Results

Significant progress in 2013 in realizing expansion plans:

  • Germany on track for growth – closed acquisition of almeda, including securing long term contract with DKV, a leading healthcare insurance provider in Germany
  •  Launched telemedicine services in India with hospital agreements in major cities; expecting to initiate provision of services to subscribers in 2014
  • Evaluating opportunities for expansion into the U.S.; hired an experienced executive

Financial Highlights for the year:

  • Revenues for the year of USD 29.7 million, up by 10.4% from USD 26.9 million in 2012
  • EBITDA for the year of USD 8.3 million (LBITDA of USD 1.3 million in 2012)
  • EBIT for the year of USD 3.3 million (LBIT of USD 5.7 million in 2012)
  • Net profit for the year of USD 2.5 million (net loss of USD 7.4 in 2012)
  • Expecting top line growth of more than 25% in 2014

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