EANS-News: CompuGroup Medical AG First Quarter Results 2012
——————————————————————————–
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
——————————————————————————–
3-month report
Koblenz (euro adhoc) – May 4, 2012: CompuGroup Medical AG today
presented the financial report for the first quarter of 2012. The
company, one of the leading global providers of eHealth solutions,
achieved revenue of EUR 112.2 million, an increase of 24 percent
compared to the same period in 2011. Increasing profitability in
recently acquired companies as well as in several established
business areas pushed up quarterly EBITDA margins by 8 percentage
points from 15 percent in 2011 to 23 percent this year. Consequently,
the company’s first quarter 2012 operating profit (EBITDA) reached
EUR 26.3 million representing an 88 percent increase year-on-year.
With this result, CompuGroup Medical AG reports a solid first quarter
2012 and continues to grow strongly. In the HPS (Health Provider
Services) business segment, revenue was EUR 94.4 million compared to
EUR 73.8 million in the first quarter of 2011. This represents an
increase of 28 percent of which 6 percent is organic growth. The HCS
(Health Connectivity Services) business segment also had a good start
to the year resulting in 8 percent organic growth. As a notable
achievement in challenging market conditions, the US business
delivered its best quarter reported to date with year-on-year organic
growth and 11 percent EBITDA margin.
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG,
stated: “It has been a broad-based positive start to 2012 with solid
performance across all our main business areas. I am especially
pleased with the margin development which follows the positive trend
from the second half of last year and remains one of our main focus
areas. In addition we continue to strengthen our positions
internationally, this quarter by acquiring companies in the
Netherlands and Italy that fit perfectly with the businesses we
already operate in these markets.”
CompuGroup Medical reaffirms the full year 2012 guidance presented in
the Annual Report 2011 published on 29 March 2012. Group revenue is
expected to be in the range of EUR 440 million to EUR 460 million and
operating income (EBITDA) is expected to be in the range of EUR 95
million to EUR 105 million. This corresponds to an increase in
profitability from 21 percent and 18 percent EBITDA margin in 2010
and 2011 respectively to 22-23 percent EBITDA margin in 2012.
Conference Call for Journalists, Investors and Analysts: The
management board of CompuGroup Medical AG will go through the Q1
results at a conference for analysts and investors today at 15:00
hours CET.
You can participate in this conference call by dialing one of the
following phone numbers:
+49 (0) 69 2 10 86 97 03 (Germany)
+44 (0) 16 16 01 89 02 (UK)
+1 (0) 21 53 05 44 95 (USA)
Participant code: 18 56 12 70
A presentation will be made available for download on the CompuGroup
Medical website at {www.cgm.com}[HYPERLINK: http://www.cgm.com]. The
presentation can also be viewed live at
{https://compugroup.webex.com}[HYPERLINK:
https://compugroup.webex.com].
About CompuGroup Medical AG CompuGroup Medical is one of the leading
eHealth companies in the world. Its software products are designed to
support all medical and organizational activities in doctors’
offices, pharmacies and hospitals. Its information services for all
parties involved in the healthcare system and its web-based personal
health records contribute towards safer and more efficient
healthcare. CompuGroup Medical’s services are based on a unique
customer base of over 385,000 doctors, dentists, hospitals,
pharmacies and networks as well as other service providers. With
locations in 19 countries and customers in 34 countries worldwide,
CompuGroup Medical is the eHealth company with one of the highest
coverage among eHealth service providers. Approximately 3,500 highly
qualified employees support customers with innovative solutions for
the steadily growing demands of the healthcare system.
Further inquiry note:
CompuGroup Medical AG
Barbara Müller
Consultant Press & Media
P +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100
e-mail: press@cgm.com
end of announcement euro adhoc
——————————————————————————–
company: CompuGroup Medical AG
Maria Trost 21
D-56070 Koblenz
phone: +49 (0) 261 8000-0
FAX: +49 (0) 261 8000-1166
mail: investor@cgm.com
WWW: www.cgm.com
sector: Software
ISIN: DE0005437305
indexes:
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English