akdital plans aggressive expansion with new clinics and strong revenue growth

The Akdital Group is implementing an ambitious expansion strategy in the Moroccan healthcare sector, aiming to enhance its presence across the country. By outsourcing the management and development of its clinics' real estate components, the company has been able to open a record number of new facilities.

Akdital's Expansion Strategy

Akdital is focused on establishing clinics in underserved medium-sized towns and reinforcing its presence in major urban centers. This growth is projected to continue into 2024 and 2025.

To support this expansion, Akdital executed a MAD 1 billion capital increase in July 2024, which attracted attention from small shareholders and asset managers. The funds raised will be used to strengthen the Group's presence in key cities and venture into new medium-sized towns.

Financial Outlook

Akdital's financial outlook is promising, with consolidated sales expected to grow at a compound annual growth rate (CAGR) of 27.7% from 2023 to 2029. This positions Akdital as one of the fastest-growing companies on the Casablanca Stock Exchange, with projected sales of MAD 8.272 billion by 2029.

The company aims to quadruple its revenues over the next five years, driven by its development plan and the growth of its existing clinics. Profitability metrics also indicate a positive trend, with EBITDA expected to grow at a CAGR of 28.8% during the same period.

Positive Profitability Trends

The EBITDA margin is projected to increase from 26.9% in 2023 to 28.3% in 2029, thanks to a stable gross margin and improved dilution of fixed costs. Effective management of operating costs will help offset the anticipated increase in taxes, further enhancing profitability.

Net income attributable to equity holders of the parent is projected to grow at a CAGR of 32.7% from 2023 to 2029, reaching MAD 953 million by 2029. This growth is supported by a favorable tax environment and a capital gain from the sale of a stake in Akdital Immo.

Akdital's Performance and Potential

In the first half of 2024, Akdital reported a significant increase in sales, primarily due to the opening of new healthcare facilities. This surge in revenue positions Akdital favorably for future growth.

As the Moroccan healthcare sector evolves, Akdital's strategic initiatives and financial performance make it an attractive option for investors seeking exposure to the private healthcare market. The company's leadership in the sector and ambitious growth plans highlight its potential to capitalize on the increasing demand for healthcare services in Morocco.

With a bullish stock market environment and a focus on growth stocks, Akdital is emerging as a key player in the healthcare landscape, appealing to investors looking for opportunities in this vital sector.

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