AEVIS (AEVIS) H2 2024 earnings summary

Executive summary

• Achieved strong performance in 2024, marked by significant deleveraging, successful investment activity, and value creation across healthcare, hospitality, and real estate segments.

• Statutory net profit reached CHF 26.5 million, reversing a prior year loss of CHF 8.8 million, with equity rising to CHF 573.4 million and an equity ratio of 70.1%.

• Opened the Genolier Innovation Hub and completed key acquisitions, including Spital Zofingen and Centro Medico, expanding integrated care regions.

• Hospitality segment delivered another record year with over 10% growth, and infrastructure portfolio remained stable with strategic asset sales.

• Strategic partnerships, such as with Kantonsspital Aarau and Visana, enhanced integrated care and insurance offerings.

Financial highlights

• Net profit reached CHF 26.5 million in 2024, reversing a prior year loss of CHF 8.8 million.

• Equity increased to CHF 573.4 million (70.1% of assets), up from CHF 549.3 million (68.3%) year-over-year.

• Book value of participations at CHF 656 million, with market value exceeding CHF 2 billion, indicating substantial hidden reserves.

• Hospitality segment achieved organic growth of 10.1%, with revenue per room up 8.5% and average room rates at CHF 580.

• Real estate EBITDA increased by 26%, and Infracore’s market value rose to over CHF 1.33 billion.

Outlook and guidance

• Strong start to 2025 with 24.7% revenue growth in healthcare in the first two months, driven by acquisitions and 4% organic growth.

• Continued focus on integration of new acquisitions and expansion of integrated care regions, with a third region planned for 2026.

• Ongoing cost-cutting and efficiency programs are on track, with more than half of CHF 20 million savings already achieved.

• No consolidated revenue or margin targets provided for 2025 due to macroeconomic uncertainties and investment diversity.

• Dividend payments expected to resume from 2025, with 2024 profits prioritized for deleveraging.