Significant performance increase again in the 3rd quarter of 2007 for CompuGROUP
Koblenz (euro adhoc) -
Growth Strategy is continued successfully
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PRESS INFORMATION
Significant performance increase again in the 3rd quarter of 2007 for CompuGROUP
. Group Revenues increase cumulatively by 35.8% up to 128.6 Million EUR
. Adjusted EBITDA increases cumulatively by 45.0% up to 37.4 Million EUR
. Outlook: Prognosis for the financial targets of 2007 are confirmedGrowth Strategy is continued successfully
- Turnaround in France: AXILOG with a distinctly positive contribution to operating income . Successful acquisitions in Austria (ACP, ÄDV,) in Slovakia (ERUDIS,) and in Turkey (TipData)
- Start of the new, high profile product family for integrated care with AOK Hessen
Koblenz - November 14, 2007: In the first nine months of the fiscal year 2007, the CompuGROUP Holding AG has distinctly increased their results compared to the same time-period of the previous year. The Group-EBITDA increased by 45.0 percent. The good order situation continues. For the first time, our French subsidiary Axilog delivered a strongly positive contribution to the group performance in the first nine months of the fiscal year.
Supported by the continuing good business development of our international subsidiaries, the Group-revenues increased from 35.8 percent up to 128.6 Mio EUR in the first nine months, compared to the previous year.
|In Mio. E |Jan. - Sept. |Jan. - Sept |Change in % | | |2007 |2006 | | |Revenues |128.6 |94.7 |+ 35.8 | |Adj. EBITDA | 37.4 * |25.8 |+ 45.0 | |EBITDA | 35.9 |25.8 |+ 39.1 | |Adj. EBIT | 20.5 * |14.0 |+ 46.4 | |EBIT | 19.0 |14.0 |+ 35.7 | |Cash Net Income | 30.9 ** |17.5 |+ 76.6 |
* without special item costs amounting to 1.5 Mio EUR from the planned
iSOFT acquisition
** without special item interest expenses amounting to 1.8 Mio. EUR and
without special item
costs amounting to 1.5 Mio from the planned iSOFT acquisition3rd Quarter:
Revenues increase by 37 percent due to strong growth in international subsidiaries
In the third quarter, Group-revenues increased by 37 percent up to 44.4 Mio EUR compared to the same quarter from the previous year (32.4 Mio EUR.) In the segment analysis, revenues of the HPS segment increased distinctly in the 3rd quarter by 55.9 percent up to 27.6 Mio EUR in comparison to the same quarter of the previous year. In the quarter comparison for the HCS segment,
revenues increased by 22.4 percent up to 16.4 Mio EUR. The EPS segment showed slightly reduced revenues compared to the previous year with 1.2 Mio EUR.
Best quarter-based EBITDA in the history of the company
The adjusted EBITDA increased on a group level by 53.9 percent up to 13.7 Mio EUR. The planned but not realized iSOFT acquisition reduced the non-adjusted EBITDA by 1.5 Mio EUR due to consultation and advisory costs. A total of 3.2 Mio EUR was invested in the iSOFT project.
In the segment analysis, the EBITDA of the HPS segment increased distinctly in the 3rd quarter by 80.8 percent up to 7.0 Mio EUR in comparison to the same quarter of the previous year. In the quarter comparison of the HCS segment, the EBITDA increased by 26.0 percent up to 9.2 Mio EUR. The EPS segment also showed a slightly improved EBITDA of -0,4 Mio. EUR compared to last year.
|In Mio. E |Q3 / 2007 |Q3 / 2006 |Changes in % | |Revenues |44.4 |32.4 |+ 37.0 | |Adj. EBITDA |13.7 * | 8.9 |+ 53.9 | |EBITDA |12.2 | 8.9 |+ 37.1 | |Adj. EBIT | 7.4 * | 4.9 |+ 51.0 | |EBIT | 5.9 | 4.9 |+ 20.4 | |Cash Net Income | 6.6 ** | 6.6 |no comparison |
* without special item costs amounting to 1.5 Mio EUR from the planned iSOFT acquisition ** without special item interest expenses amounting to 1.8 Mio. EUR and
without special item
costs amounting to 1.5 Mio from the planned iSOFT acquisitionCompuGROUP Holding AG was able to purchase another subsidiary in the Slovakia in September. The company initially takes over 10 percent of the Slovakian eHealth-Provider ERUDIS s.r.o. but has secured an option for the purchase of a further 70 percent, which can be effected as of 2009.
In addition, CompuGROUP purchased a 90 percent interest in TipData, a leading provider of hospital information systems for private clinics with their main office in Turkey. Primarily, the most significant growth markets for established health professionals can be exploited through this further commitment of the company.
Furthermore, through the complete take-over of the ACP IT solutions GmbH as well as the purchase of a majority stake of Gruber ÄDV GmbH in November, the basis for a leading roll in the field of physician information systems in Austria was established. In the meantime, ACP has changed its name to MedXPert Arztsoftware GmbH.
Likewise in October, CompuGROUP launched its new product solution in cooperation with AOK Hessen with a contract for integrated care (IV), whereby the central instrument is a software module. The purpose of this novel IV- Contract is to improve the care of diabetes patients.
Outlook: targets for the fiscal year of 2007 confirmed
The management is confident about meeting the prognosis for the adjusted EBITDA of approx. 50 - 55 Mio EUR for the business year of 2007. The balance sheet for the business year of 2007 will be presented on March 12, 2008.
Telephone conference for journalists, analysts and investors
The board of directors of the CompuGROUP will explain the performance in an analyst and investor conference at 2:00 PM (CET). The conference will be held in Düsseldorf, in connection with the Medica Fair and be broadcast live by telephone under the following dial-in numbers and subsequently be available as a recording (replay). Additional information concerning the performance is also available on these internet sites.
With the following dial-in numbers, you may participate in the telephone conference:
+49 (0) 69 5007 1305 (Germany) +44 (0) 20 7806 1950 (London) +1 718 354 1387 (USA)
A recording of the telephone conference will be provided approx. 30 minutes after the conclusion thereof and be available for 3 additional days. In this case, please call:
+49 (0) 69 22222 0418 (Germany) +44 (0) 20 7806 1970 (London) +1 718 354 1112 (USA)
Replay Passcode 4723990#
About CompuGROUP Holding AG
CompuGROUP is one of the leading eHealth-companies in Europe. Its software products for the support of all medical and organisational duties in medical practices and hospitals, its information service for all participants in the health care system and its web-based personal health files serve a safe and efficient health care system. The CompuGROUP services are based on the unique customer basis of approx. 290,000 physicians, dentists, hospitals, associations and nets as well as other service providers. The CompuGROUP is active in 9 European countries. The company currently employs approx. 1,600 employees.
We are available for questions (also concerning the illustrations):
CompuGROUP Holding AG CompuGROUP Holding AG Markus Georgi Peter Michels Investor Relations Marketing and Communication Telephone: +49 (261) 80 00 1238 Telephone: +49 (261) 80 00 1284 Telefax: +49 (261) 80 00 3238 Telefax: +49 (261) 80 00 1687 E-Mail: investor@compugroup.com E-Mail: presse@compugroup.com
end of announcement euro adhoc 14.11.2007 07:41:06
Further inquiry note:
Markus Georgi
IR
Tel.: +49 (0)261 8000 1238
E-Mail: investor@compugroup.com
Branche: Software
ISIN: DE0005437305
WKN: 543730
Börsen: Börse Frankfurt / regulated dealing/prime standard
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