2010-07-19 08:00

Interim report January-June 2010: Strong growth in profits for the second quarter

SECOND QUARTER 2010

· Revenues increased by 19 percent to SEK 158.5 million (132.8)
· The operating result amounted to SEK 15.3 million (5.5)
· The result before tax amounted to SEK 15.7 million (4.5)
· The result after tax amounted to SEK 10.2 million (2.4)
· The result per share amounted to SEK 0.09 (-0.01)
· Organic growth of 18 percent
· Restructuring and increased ownership of Spine Center Bergen
· Inauguration of Bariatric Centers in Prague and Skåne and of the diabetes clinic in Ajman

FIRST HALF YEAR 2010

· Revenues increased by 16 percent to SEK 299.1 million (258.8)
· The operating result amounted to SEK 20.0 million (8.8)
· The result before tax amounted to SEK 21.3 million (7.4)
· The result after tax amounted to SEK 12.5 million (2.1)
· The result per share amounted to SEK 0.08 SEK (-0.07)
· Organic growth of 15 percent

THE CEO'S COMMENTS
The market for all clinics developed well during the second quarter. The situation also stabilized within specialist dentistry, where there has been a reduced demand for complex procedures during the first half year.

Most clinics had increased capacity utilization during the second quarter, which affected the operating margin positively. It is also positive that our largest spine clinic, Stockholm Spine Center, has recovered well after the lost rehab contract at the beginning of the year, amongst other things through the opening of a new rehab business in central Stockholm. Demand within obesity surgery, Service Line Bariatrics, continues to grow in Sweden and we can also see that the clinics in Norway and Finland are following this development with a few years' delay.

Organic growth is good, 18 percent for the second quarter, and is based on several new clinic start-ups. During the second quarter alone three new clinics were inaugurated: the Bariatric Center Skåne in Lund, the Rashid Center for Diabetes and Research in Ajman, UAE, and the OB Klinika in Prague, the Czech Republic. No acquisitions were made during the period.

The Group has delivered a good half year result, in line with our own expectations. The coming third quarter will, as in previous years, be characterized by normal seasonal variation due to the holiday period.

19 July 2010
Gothenburg
Global Health Partner AB (publ)

Per Båtelson,
CEO

Queries should be addressed to:
Per Båtelson, CEO   +46-705 95 57 00
Tobias Linebäck, CFO   +46-708 55 37 19
Anna Ahlberg, IR   +46-708 55 38 35

Global Health Partner is an internationally active healthcare provider that operates specialist clinics in a select number of treatment areas through the application of a business model that is unique in the healthcare industry, where leading doctors become partners and shareholders. Multiple clinics with high patient volumes within the same area of treatment produce increased efficiency and higher quality, which is the cornerstone of Global Health Partner's business philosophy – ”Quality through Specialisation”. Global Health Partner's shares are traded on the Small Cap list at NASDAQ OMX Stockholm under the abbreviation “GHP.”

Global Health Partner AB (publ) | www.globalhealthpartner.com (http://www.globalhealthpartner.com)
Corp. ID No. 556757-1103 | Östra Hamngatan 26-28 | SE-411 09 Gothenburg | Sweden
Tel 46-31 712 53 00 | Fax 46-31 313 13 21

Global Health Partner AB is required to publish the information herein according to the Swedish Securities Market Act.
This information was published on 19 July 2010 at 08.00 a.m. CET.

This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.

This report has not been the subject of review by the company's auditors.

Denna information skickades av Cision http://newsroom.cision.com

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Press release in html format

Interim report January-June 2010