Latest news with #HenrikMolin
Yahoo
23-04-2025
- Business
- Yahoo
Invitation to Physitrack PLC Q1 2025 Interim Report Webcast Conference
LONDON, GB / / April 23, 2025 / Physitrack PLC (STO:PTRK) - The global digital healthcare provider Physitrack PLC (PTRK) plans to publish its Q1 2025 interim report on April 30, 2025, at 08.00 CET. A webcast conference will take place at 15.00 CET. Physitrack PLC's Q1 2025 interim report will be published in English and will be available at Webcast conference:April 30, 2025, at 15.00 CET . The presentation will be held in English and will be available on after the webcast conference. Speakers:Henrik Molin, CEOMatt Poulter, Interim CFO Link to webcast registration: Participants will be able to ask questions via Zoom's Q&A function. Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ About Physitrack Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company. The company has two business lines:1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics. Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK). Visit us athttps:// (investor relations) (product marketing) About Champion Health Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics. Visit us athttps:// Attachments Invitation to Physitrack PLC Q1 2025 interim report webcast conference SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
Yahoo
07-04-2025
- Business
- Yahoo
Physitrack PLC Adjusts its Financial Calendar - Earlier Publication of Interim Reports 2025
LONDON, GB / / April 7, 2025 / Physitrack PLC (STO:PTRK) - Physitrack PLC has adjusted its previously communicated financial calendar for 2025. The date for publication of the Q1 interim report has been changed from 13 May 2025 to 30 April 2025. Updated financial calendar30 April 2025 - Interim report Q1 (1 Jan 2025 - 31 March 2025) - new date27 June 2025 - Annual General Meeting31 July 2025 - Interim report Q2 (1 Jan 2025 - 30 June 2025) - new date31 October 2025 - Interim report Q3 (1 Jan 2025 - 30 Sep 2025) - new date28 February 2026 - Interim Report Q4 and Year-end-report (1 Jan 2025 - 31 Dec 2025) The updated financial calendar is also available on the company's website: Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ About Physitrack Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company. The company has two business lines:1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics. Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK). Visit us athttps:// (investor relations) (product marketing) About Champion Health Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics. Visit us athttps:// Attachments Physitrack PLC adjusts its financial calendar - earlier publication of interim reports 2025 SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
Yahoo
28-03-2025
- Business
- Yahoo
Physitrack Plc Divests German Wellness Subsidiary, annual saving of €150,000, EBITDA Margin Expansion to 30% in 2025 expected
LONDON, GB / / March 28, 2025 / Physitrack PLC (STO:PTRK) has successfully finalised a management buyout (MBO) of its German wellness subsidiary, Wellnow, in a strategic move that aligns with the group's focus on high-margin, recurring-revenue software solutions. This move reflects the continuation of the group's expansion strategy, which initially leveraged physical care delivery with a digital overlay to establish a strong foothold in the wellness sector in local markets. The terms of the MBO are for an initial consideration of €1, with the remaining consideration being structured around a multi-year earn-out directly tied to profit generation within Wellnow, ensuring a performance-driven transition. We estimate that this additional earn-out consideration will be in the region of €200,000 - €300,000. As part of the agreement, Wellnow co-founders Alexander Freitag and Enno Kuntze have departed the Physitrack Group while Physitrack retains access to customer data, customer relationships and sales infrastructure, enabling continued monetisation of its occupational health and wellness software Champion Health in the DACHS region, notably Germany and Switzerland, but without responsibility for the physical care delivery that Wellnow's core product represents. Financially, the transaction is accretive to EBITDA margins and will, excluding earn-outs, generate annual cost savings of at least €150,000, further streamlining Physitrack's operations. The disposal will result in Group revenue decreasing by around €1.7m. As a result of the MBO and further cost optimisations in the group, the adjusted EBITDA margin is on track to expand to 30% in 2025. Following this MBO, Physitrack is now more streamlined and focused on software delivery, reinforcing its position as a leader in digital occupational health and wellness solutions. By concentrating on scalable, high-margin offerings, the company is well-positioned for sustained growth and innovation in its core markets. As a result of the MBO and further cost optimisations in the group, the adjusted EBITDA margin is on track to expand to 30% in 2025. Henrik Molin, CEO & Co-founder of Physitrack, commented: "This transaction represents a strategic step forward for Physitrack, allowing us to sharpen our focus on software-driven solutions while maintaining key commercial synergies with Wellnow. The structure of the deal ensures continuity and long-term value creation for both parties - Wellnow for care provision and Physitrack, via its Champion Health product - high margin software sales." Spotlight, Physitrack's own news desk, interviews CEO & co-founder Henrik Molin on the subject in an 8-minute video, which can be found here: About Physitrack Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company. The company has two business lines:1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics. Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK). Visit us athttps:// (investor relations) (product marketing) About Champion Health Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics. Visit us athttps:// Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ Attachments Physitrack Plc Divests German Wellness Subsidiary, annual saving of €150,000, EBITDA Margin Expansion to 30% in 2025 expected SOURCE: Physitrack PLC View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Physitrack Plc Wins Finnish County Tender, Securing €63,000 Deal with Potential to Exceed €200,000
LONDON, UK / ACCESS Newswire / March 7, 2025 / Physitrack PLC (STO:PTRK) has successfully secured a public tender with a Finnish county healthcare system, reinforcing its position as a trusted provider in the region. The contract, valued at a minimum of €63,000, has the potential to exceed €200,000 depending on the components activated within the tender. The agreement includes an annual recurring revenue for the Physitrack platform for exercise prescription and data analysis of €31,500 for two years (total €63,000), with additional authorised components such as electronic medical record (EMR) system integration and a potential custom app contributing to the overall value. Henrik Molin, CEO & co-founder of Physitrack Plc, expressed enthusiasm about the win: "We are delighted to have been awarded this tender, which is a testament to both the strength of our product and our team's dedication. Our experience and expertise in navigating public procurement processes continue to set us apart. As we solidify our reputation among major institutions across Europe and the UK, our growing presence in Finland plays a crucial role in these competitive tenders." This latest success underscores Physitrack Plc's expanding footprint in the region and its ability to deliver scalable, high-quality solutions for public sector healthcare. A Spotlight interview with CEO & co-founder Henrik Molin can be found here: Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ About Physitrack Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company. The company has two business lines:1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics. Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK). Visit us athttps:// (investor relations) (product marketing) About Champion Health Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics. Visit us athttps:// Attachments Physitrack Plc Wins Finnish County Tender, Securing €63,000 Deal with Potential to Exceed €200,000 SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
Yahoo
26-02-2025
- Business
- Yahoo
Physitrack plc Announces Correction to 2023 Accounts and Unaudited Q1-Q3 2024 Quarterly Financial Statement Releases
LONDON, UK / / February 26, 2025 / Physitrack PLC (STO:PTRK) has today announced a restatement of its 2023 financial accounts and unaudited Q1-Q3 2024 quarterly figures following the identification of overstatements in accrued revenue from prior periods in its subsidiary Champion Health Plus. The adjustment stems from an over-accrual of revenue identified during 2024 financial reconciliations, resulting in an overstatement in 2023 of £374,165 (€430,295) or 2% of 2023 revenue, and 2022 of £77,911 (€91,371). The correction relates to the historic physiotherapy appointments revenue stream in the business and the error arose due to issues with data extraction from the appointment booking system, which have been addressed going forward. The restatement of the 2023 revenue results in a provision of £99,718 (€120,645) built up in Q1-Q3 2024 no longer being required. Profit figures for Q1-Q3 2024 will therefore be increased, see the below tables for corrected figures. A Spotlight interview with CEO & co-founder Henrik Molin on the subject can be found here: Key Adjustments: 2023 Adjustment Euro Q12023 Q22023 Q32023 Q42023 FY2023 Revenue As previously reported 3,734,719 3,750,972 3,851,230 3,839,661 15,176,582 Adjustment (72,183) (96,606) (133,465) (128,041) (430,295) Restated 3,662,536 3,654,366 3,717,765 3,711,620 14,746,287 Profit after tax As previously reported (65,636) (251,656) (240,160) 3,762,278 3,204,826 Adjustment (72,183) (96,606) (133,465) (82,054) (384,308) Restated (137,819) (348,262) (373,625) 3,680,224 2,820,518 Adjusted EBITDA As previously reported 922,090 953,656 1,051,111 979,975 3,906,832 Adjustment (72,183) (96,606) (133,465) (128,041) (430,295) Restated 849,907 857,050 917,646 851,934 3,476,537 Trade and other receivables As previously reported 3,002,254 3,334,387 4,427,717 3,882,323 3,882,323 Adjustment (163,554) (260,160) (393,625) (521,666) (521,666) Restated 2,838,700 3,074,227 4,034,092 3,360,657 3,360,657 Corporation tax As previously reported (131,854) (89,718) (155,433) (164,424) (164,424) Adjustment 17,367 17,367 17,367 63,354 63,354 Restated (114,487) (72,351) (138,066) (101,070) (101,070) Net Assets As previously reported 22,227,775 22,183,192 21,785,547 25,573,077 25,573,077 Adjustment (146,187) (242,793) (376,258) (458,312) (458,312) Restated 22,081,588 21,940,399 21,409,289 (458,312) 25,114,765 2024 Adjustment Euro Q12024 Q22024 Q32024 Adjusted EBITDA As previously reported 1,055,117 896,916 906,495 Adjustment 40,215 40,215 40,215 Restated 1,095,332 937,131 946,710 Importantly, these adjustments do not impact the company's compliance with banking covenants related to its loan provider Santander Plc and have no impact on cash flow in any reporting period. Physitrack Plc remains confident in its financial stability and operational integrity. While this adjustment highlights past issues, the corrective actions and strengthened controls position the company for a more robust and transparent financial reporting process. Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ About Physitrack Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company. The company has two business lines:1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics. Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK). Visit us athttps:// (investor relations) (product marketing) About Champion Health Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics. Visit us athttps:// Attachments Physitrack plc Announces Correction to 2023 Accounts and Unaudited Q1-Q3 2024 Quarterly Financial Statement Releases SOURCE: Physitrack PLC View the original press release on ACCESS Newswire Sign in to access your portfolio
