EANS-News: CompuGroup Medical AG First Quarter Results 2012
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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
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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