EANS-News: Marseille-Kliniken AG confirms earnings improvement in Q1 2011/2012
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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3-month report
Subtitle: - Group net profit up sharply from 0.3 million to 1.5 million
- Revenues stable at 48.2 million
- Significant increase in EBIT expected for the current financial year
Hamburg, Germany (euro adhoc) - 16 November 2011 - Marseille-Kliniken AG
confirms the statement made on 7 November 2011 on its performance in the first
quarter of the financial year 2011/2012. In the first three months of the
current financial year (1 July to 30 September 2011) Group net profit rose
fivefold from EUR 0.3 million to EUR 1.5 million. The occupancy rate improved by
1.4 percentage points to 88.5%, beating last year´s average of 87.1%. Revenues
were stable at EUR 48.2 million (previous year: EUR 49.1 million). "The
performance in the first quarter of 2011/2012 shows that our strategic
realignment not only had a positive impact on earnings for the 2010/2011
financial year, but that it is still visible in the current figures. We expect
these positive developments to continue for the full financial year," said
Michael Thanheiser, Chairman of Marseille-Kliniken AG.
In the last financial year 2010/2011 Marseille-Kliniken AG pursed its strategic
reorientation by focusing on its core competences in inpatient and outpatient
nursing care for the elderly, strengthening its quality leadership and
introducing a new decentralised management structure (the regional manager
structure). Building on these foundations, total expenses were cut from EUR 49.4
million to EUR 46.4 million in the first quarter of 2011/2012. One specific
example was the previously loss-making facility AMARITA Hamburg-Mitte, which
reached break-even in the first quarter of 2011/2012.Revenues came to EUR 46.9
million in the first quarter of last year, not including the loss-making
Montabaur site, which was sold in October 2010. On a like-for-like basis for the
continuing operations, overall revenues went up by around EUR 1.3 million, which
further underlines the improvement in Marseille-Kliniken AG´s results.
Marseille-Kliniken AG operates 60 nursing facilities throughout Germany, with a
headline capacity of 7,960 beds.
In view of the first quarter´s earnings, Marseille-Kliniken AG affirms its
forecast for the current financial year 2011/2012 of Group EBIT well above last
year´s and a slight increase in revenues. Furthermore, the strategic focus will
be on optimising the core nursing business and improving the financing
arrangements.
The full quarterly report is available to the public on the company´s website
www.marseille-kliniken.de as of today.
Further inquiry note:
Christian Hillermann
Hillermann Consulting
Investor Relations for Marseille-Kliniken AG
Poststraße 14/16
20354 Hamburg
Germany
Tel.: +49-(0)40 / 320 279-10
Fax: +49-(0)40 / 320 279-114
www.marseille-kliniken.com
end of announcement euro adhoc
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company: Marseille-Kliniken AG
Alte Jakobstraße 79/80
D-10179 Berlin
phone: +49 (0)30 246 32-400
FAX: +49 (0)30 246 32-401
mail: info@marseille-kliniken.de
WWW: http://www.marseille-kliniken.de
sector: Pharmaceuticals
ISIN: DE0007783003
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, Düsseldorf, regulated dealing: Hamburg
language: English