M1 Kliniken AG: Market leader for beauty medicine in Germany opens up in the 9th foreign market and prepares market entry in the USA
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EQS-News: M1 Kliniken AG
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M1 Kliniken AG: Market leader for beauty medicine in Germany opens up in the 9th foreign market and prepares market entry in the USA
Berlin, 01.09.2023 - M1 Kliniken AG (ISIN: DE000A0STSQ8), market leader for botulinum toxin and hyaluronic acid injections in Germany, is pushing ahead with its foreign expansion in a consistent and cost-conscious manner. This week, a medical specialist center for aesthetic medicine was opened in the Romanian capital Bucharest. Romania is now the 9th foreign market for the specialist in aesthetic beauty medicine. The group thus now operates 58 outpatient centers for aesthetic medicine, of which 20 locations are abroad.
"We continue to see considerable growth potential in internationalization for the coming years. We are just beginning to tap Eastern Europe. There we benefit from lower material and personnel costs combined with high price levels for high-quality medical beauty treatments," says Attila Strauss, Co-CEO of M1 Kliniken AG. "But there are also opportunities for expansion in virtually all other foreign markets that have already been tapped. And of course we want to also continue to develop new markets. Sales and earnings at our foreign sites developed well in the first half of 2023. This makes us confident that we will reach break-even within the next 12 months and once again prove the high scalability of our business model. It is our declared goal to provide broad sections of the population with access to cutting-edge medicine for injectable treatments - and to do so at the best price/performance ratio." Currently, M1 is preparing for expansion in the USA, the world's largest market for cosmetic medicine. In doing so, the Group will initially focus on the US state of Florida. There, the first medical center under the established brand "M1 Med Beauty" is expected to open its doors next year. A US subsidiary has already been established.
Kilian Brenske, also Co-CEO of M1 Kliniken AG, comments: "By entering markets from Australia to Bulgaria, we have been able to build up extensive expansion expertise in recent years. This puts us in a positive frame of mind to compete successfully in the world's largest market."
About M1 Kliniken AG M1 Kliniken AG is the leading provider of beauty medical health services in Germany. In the aesthetic and surgical field, the group of companies offers products and services with the highest quality standards. Under the brand name "M1 Med Beauty", beauty medical treatments are currently offered at 57 specialist centres. The M1 Schlossklinik for plastic and aesthetic surgery in Berlin, with six operating theatres and 35 beds, is one of the largest and most modern facilities of its kind in Europe. Since the end of 2018, M1 has been pushing ahead with its internationalisation and is currently represented in nine countries. With its stake in HAEMATO AG, M1 Kliniken AG is also in a position to exploit sales and earnings potential of treatment products in the medical-aesthetic field. Contact M1 Kliniken AG Grünauer Straße 5 12557 Berlin T: +49 (0)30 34 74 74 -414 M: ir@m1-kliniken.de
Contact: M1 Kliniken AG Grünauer Straße 5 12557 Berlin T: +49 (0)30 347 47 44 14 M: ir@m1-kliniken.de
01.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | M1 Kliniken AG |
| Grünauer Straße 5 | |
| 12557 Berlin | |
| Germany | |
| Phone: | +49 (0)30 347 47 44 14 |
| Fax: | +49 (0)30 347 47 44 17 |
| E-mail: | ir@m1-kliniken.de |
| Internet: | https://www.m1-kliniken.de |
| ISIN: | DE000A0STSQ8 |
| WKN: | A0STSQ |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1716639 |
| End of News | EQS News Service |
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