Introduction
Paris, July 10, 2024 – KLEA HOLDING (FR0013481835 – ALKLH), a group focused on the acquisition, development, and digitalization of companies across multiple sectors, presents the quarterly and half-yearly performance of its subsidiary Smart Salem.
Key Highlights
- Volume growth of +23% for H1 2024 compared to H1 2023, despite the Eid holidays and severe storm events.
- Continued strong growth for the Medical Fitness segment (+21%).
- The Health and Wellness segment continues to ramp-up (+616%).
Performance Overview
Smart Salem continues its strong growth, despite the second quarter of the year being impacted by a significant number of public holidays linked to Ramadan and Eid, as well as the impact of the floods which affected Dubai for several days during April.
During Q2 2024, the medical fitness business grew by 13% complimented with the growth of 334% in wellness. The increasing contribution of the wellness services validates our diversification strategy and enabled Smart Salem to achieve a total growth of 15% in Q2 2024 compared to Q2 2023.
Detailed Statistics
Smart Salem activity in Q2 2024
| Number of tests performed (in volume) | Q2 2024 | Q2 2023 | Var. Q2-24/Q2-23 |
| Medical Fitness tests | 30,762 | 27,297 | 13% |
| Health & Wellness tests | 941 | 217 | 334% |
| Total number of tests performed | 31,703 | 27,514 | 15% |
Smart Salem activity in H1 2024
| Number of tests performed (in volume) | H1 2024 | H1 2023 | Var. S1-24/S1-23 |
| Medical Fitness tests | 68,515 | 56,635 | 21% |
| Health & Wellness tests | 1,698 | 237 | 616% |
| Total number of tests performed | 70,213 | 56,872 | 23% |
Future Prospects
Smart Salem anticipates continued strong growth for the second half of 2024 with a continued ramp-up of new services being launched and activated within the business.
Renovation and Modernization
The City Walk center, which was closed following flooding in April 2024, is undergoing renovation and modernization. The repairs are covered by the insurer, and the center is expected to reopen before the end of the summer. This refurbishment will enable Smart Salem to deliver higher quality service to its customers.
New Services
Smart Salem has launched several new services, including new health and wellness screenings (such as gut microbiome tests backed by AI, female hormone tests, personalized clinical dietitian consultations, ECGs) as well as new vaccination services. These additions are expected to contribute to steady growth over the coming quarters.
The company also successfully launched its first offer of occupational health tests for beauticians, which are now compulsory for workers in certain sectors to comply with new regulations launched in 2024 by local authorities.
About Klea Holding
Klea Holding is a group focused on acquiring, developing, and digitizing companies in various sectors to maximize their growth and value. Through its “scaling industries of the future” identity, Klea Holding draws on its successful experience in developing Smart Salem, the first network of digitalized medical analysis centers accredited by the Dubai Ministry of Health (DHA) in the United Arab Emirates, and its Smart Health joint venture developed in Saudi Arabia, to extend this entrepreneurial approach globally.
Klea Holding is headquartered in Paris and listed on Euronext Growth (ALKLH). For further information, please visit www.kleaholding.com
Investor Relation: Jérôme FABREGUETTES LEIB // +33 1 53 67 36 78 // kleaholding@actus.fr
Press Relation: Fatou-Kiné N’DIAYE // +33 1 53 67 36 34 // fndiaye@actus.fr
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Original Source: KLEA HOLDING (ex VISIOMED GROUP)
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