Capa_2019_ENG

REVENUE GROWS 19%, WITH SME +27% AND INDIVIDUAL PLANS +47%. LOWER LOSS RATIO MOVES GROSS PROFIT UP 21%. 70% PAYOUT. NET CASH OF R$475 MILLION.

São Paulo, August 01st, 2019.

OdontoPrev (B3: ODPV3), listed in São Paulo since 2006, the market leader on dental benefits in Latin America, and the largest company in the Brazilian healthcare sector in terms of members, is pleased to announce the 2Q19 and 6M19 results:

Growth

  • Net revenue increased 19.2%, best incremental revenue growth in 9 years, of which 12.4% organic. SME revenues grew 26.6% and Individual Plans accelerated 47.0%;
  • Average ticket 4.7% higher than 2Q18, reaching R$21.31;
  • Net loss of 58 thousand corporate lives (1.1% of the segment portfolio) and net additions of 26 thousand non-corporate beneficiaries (2.5% of the segment portfolio). 

Efficiency and value creation

  • Dental care ratio of 45.3% in the quarter, the lowest for a 2Q since 2014. In the first semester, dental care ratio was 42.9%, the lowest since 2008;
  • Gross profit 20.6% higher than 2Q18;
  • Adjusted EBITDA up 7.6% YoY in 2Q19.

Results and Shareholder remuneration

  • Net income of R$62 million, with net margin of 13.9%; 
  • Cash dividends of R$28 million, in addition to R$16 million IOC already paid, totaling 70% payout in 2Q19;
  • Net cash position of R$475 million, without any leverage.

We would like to invite you for our webcast tomorrow, August 02nd, at 09:00 a.m. US EDT/ 02:00 p.m London.

Click here to download the 2Q19 and 6M19 Earnings Release, that includes ESG Metrics section. 

With best regards,

Executive Director & IRO 
José Roberto Pacheco
DRI
ir@odontoprev.com.br
Phone: +55 (11) 4878-8893

About OdontoPrev

OdontoPrev, listed in São Paulo since 2006, is the leading dental benefits provider in Latin America, and the largest company in the Brazilian healthcare sector in terms of members, with more than 7 million clients. The company is a member of the Novo Mercado at B3 and a constituent of the FTSE4Good Index, with quarterly cash dividends payments to shareholders, from more than 30 different countries.

 


You are receiving this email because you are registered to receive information. If you cannot view the newsletter above, please Click Here 

Click here to remove your e-mail from this list