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Romania’s Dent Estet reports 60% increase in turnover in 2021

Author Tudor Popescu
Romania’s Dent Estet reports 60% increase in turnover in 2021 Source: Dent Estet

BUCHAREST (Romania), May 9 (SeeNews) - Romania’s Dent Estet Group, a chain of dentistry clinics part of the MedLife Medical System [BVB:M], posted a 60% annual increase in turnover in 2021, to a total of 107.6 million lei ($22.92 million/ 21.75 million euro), MedLife said on Monday.

The chain also reported significant year-on-year revenue growth for select clinics - Brasov’s Krondent clinic recorded a 64% annual increase in operating revenue to 7.7 million lei in 2021, MedLife said in a statement filed with the Bucharest Stock Exchange, BVB.

Similarly, Dent Estet’s clinic in Sibiu saw a 57.5% annual increase in revenue, to a total of 8.9 million lei in 2021.

Dent Estet also reported its number of single patients had increased by 11% on the year in 2021. Across the group, the total number of patients increased by 38,800 in 2021.

"We will continue to invest in innovation, digitalization, but also in territorial development at the national level," MedLife Group CEO and President Mihai Marcu said.

The group’s most sought after procedures related to dental implants and dental aesthetic services.

The chain also reported expanding its medical team in 2021 by 38% year-on-year, to a total of 145, as well as its support team by 31% on the year, to a total of 314.

Dent Estet previously announced it was planning to invest 5 million euro ($5.26 million) in the expansion of its network over the first half of 2022. The group also announced in October it had purchased a 60% stake in Cluj-Napoca-based Stomestet for an undisclosed amount.

Dent Estet Group was founded in 1999 and currently employs 500. The chain holds 15 multidisciplinary clinics in Bucharest, Timisoara, Sibiu, Brasov, Ploiesti, Cluj-Napoca, Oradea, and Craiova, along with 3 divisions for excellence, a digital dental laboratory, and 8 specialised photo studios. Dent Estet became part of the MedLife Group in 2016. 40% of Dent Estet shares are owned by Oana Taban, the group’s CEO and Founder.

MedLife is one of Romania’s largest private healthcare providers. It currently runs 12 hyperclinics, 6 hospitals, 18 individual laboratories, 12 excellence centres, and 8 pharmacies. The chain also collaborates with 145 medical clinics across Romania.

MedLife shares traded 0.67% lower at 17.88 lei on the BVB as of 13:09 CET on Monday.

(1 euro = 4.9469 Romanian lei)

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