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Diagnostyka SADiagnostyka medical expects revenue growth of over 20 pct in 2025
Listed medical diagnostic service provider Diagnostyka expects recurring EBITDA margin for the whole of 2025 to be similar to that of 2024 and revenue growth of over 20 percent, company representatives told a video conference following the release of Diagnostyka's financial report. In the second half of the year, the company expects to maintain the price and test volume dynamics of the first half of 2025.
"Recurring EBITDA margin in the second quarter of 2025 was 26 percent and 26.6 percent in the entire first half of the year. This was in line with expectations. We expect to maintain the same business profitability as last year," deputy CEO Pawel Chytla told the video conference.
"We have slightly higher margin in the first half of the year than in 2024, especially in the second quarter, but since July, pay rises have been implemented for employees in the medical sector (...). We expect that in the second half of 2025, this margin will be slightly lower than in the first half, which will bring us to a profitability similar to that of 2024," he added.
Cumulatively, in the entire first half of 2025, operating revenue amounted to PLN 1,188.2 million (EUR 279.2 mln), EBITDA to PLN 312.2 million (EUR 73.4 mln), EBIT PLN 215 million (EUR 50.5 mln), and net profit PLN 136.7 million (EUR 32.1 mln). Recurring EBITDA amounted to PLN 314.1 million (EUR 73.8 mln). The recurring EBITDA margin was 26.6 percent.
In 2024, the recurring EBITDA margin was 26.1 percent.
CAPEX excluding M&A for the whole of 2025 is estimated at PLN 100-150 million (EUR 23.5-35.3 mln), and M&A expenditure at PLN 80-100 million (EUR 18.8-23.5 mln).
"In the first half of 2025, we acquired six businesses, and by the end of August, a total of nine businesses. We are implementing a strategy of acquiring small businesses. We have acquired two more businesses in diagnostic imaging and one in genetics," added the deputy CEO.
As announced by CEO Jakub Swadzba, the acquisition policy remains unchanged and the group is interested in acquiring medium-sized and small entities, as well as acquiring less than 100 percent of shares in companies.
The company's dividend policy also remains unchanged.
"Good results mean that the dividend will be higher, but the policy remains the same, this is a payout of approximately 50 percent, because there are still acquisitions, we have debt which, despite the fall in interest rates, is still quite expensive, so we do not see the need to increase the dividend payout percentage," added the CEO.
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