Auna (AUNA) Q4 2023 earnings summary

Executive summary

• FY 2023 revenue rose 58.1% YoY to S/ 3,875.9 million, partly reflecting Grupo OCA; operating profit increased 120.1% to S/ 560.3 million, while net loss widened to S/ 214.3 million.

• Operating cash flow increased to S/ 582.4 million from S/ 162.6 million; year-end cash and cash equivalents were S/ 241.1 million.

Financial highlights

• Revenue from customer contracts rose 58.1% YoY to S/ 3,875.9 million; gross profit grew 63.2% to S/ 1,435.3 million.

• Operating profit increased to S/ 560.3 million from S/ 254.6 million; net finance cost rose to S/ 690.8 million from S/ 305.8 million.

• Net loss widened to S/ 214.3 million from S/ 76.8 million, despite higher operating profit, amid increased finance costs and income tax expense.

Outlook and guidance

• Available cash, expected operating cash flows and revolving credit lines were expected to cover capital expenditure and liquidity needs for the foreseeable future.

• Significant future strategic acquisitions could require additional debt or equity financing.