EANS-News: CompuGroup Medical AG continues solid performance in second quarter
2012
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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6-month report
Koblenz (euro adhoc) - August 9th, 2012: CompuGroup Medical AG today presented
the financial report for the second quarter of 2012. The company, one of the
leading global providers of eHealth solutions, achieved revenue of EUR 111.3
million compared to EUR 87.8 million in the second quarter 2011. This represents
an increase of 27 percent of which 8 percent is organic growth.
With this solid result CompuGroup Medical AG continues the successful start to
the year in the second quarter. Operating profit (EBITDA) came in at EUR 25.9
million, compared to EUR 10.4 million in the same period of 2011. The
corresponding operating margin improved by 11 percentage points to 23 percent,
driven by successful integration and efficiency improvements in companies
acquired as well as special effects in the second quarter last year. The most
pronounced positive effect comes from the US business that continued its
positive trend from the first quarter and delivered a second quarter with 16
percent year-on-year organic revenue growth and 15 percent EBITDA-margin.
In the HPS (Health Provider Services) business segments, revenue was EUR 95.0
million compared to EUR 71.9 million in the second quarter of 2011. This
represents an increase of 32 percent of which 9 percent is organic growth. The
HCS (Health Connectivity Services) business segment had a flat year-on-year
development with 1 percent organic growth and revenue of EUR 16.0 million in
the second quarter 2012.
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, stated: "We
continued the positive 2012 development in the second quarter with solid
organic growth and a forceful rebound in margins compared to last year. Our
progress in Health Provider Services is broad-based, from most competitive
hospital information systems in Poland, to the leading position in EMR and PM
systems in Germany and to cutting edge electronic health records for ambulatory
doctors in the US. Our products manifest our vision of software solutions
supporting healthcare providers and other stakeholders for more efficiency and
better health. As always, our business is based on unrelenting growth and a
strong focus on operational efficiency as we continue our journey towards
becoming a truly global company."
In view of the positive development in the first half year of 2012, CGM narrows
the outlook to the upper range of the guidance and is now expecting group
revenue to be in the range of EUR 450 million to EUR 460 million and group
operating income (EBITDA) to be in the range of EUR 100 million to EUR 105
million.
Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical AG will go through the Q2 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 is available for download on CGM's website at www.cgm.com and
can also be viewed live at 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