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CompuGROUP Holding AG

CompuGROUP Increases Sales by 23%

Koblenz (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
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Koblenz (Germany) - November 20, 2008: In the
first nine months of the  business year 2008, CompuGROUP Holding AG 
has  increased  its  group-wide  sales  by  23% compared to the same 
period in the previous year,  while  operating  profit  and cash flow
were at the same level as last year. Business  development  
activities remain at a high level, and CompuGROUP has secured its 
largest contract ever  in the Austrian hospital information systems 
sector.
CompuGROUP  continues  to  pursue  its  growth  strategy.  
Year-to-date  revenue reached a new record high of EUR 158.2 million 
compared to EUR 128.6 million  in the same period last year. 
Acquisitions contributed 19% to growth while  organic growth was 4%. 
The Koblenz-based group was able to increase its earnings  before 
taxes, interest, depreciation and amortization (EBITDA) by EUR  1.2  
million  to EUR 37.1 million. This result corresponds to an EBITDA 
margin of 23%.
Depreciation and amortization during the first nine months of 2008  
amounted  to EUR 22 million compared to EUR 16.9 million in the same 
period  of  2007.  This increase is mostly related to acquisitions.
Earnings after tax for the reporting period were EUR 8.1  million,  
which  is  a decrease by EUR 8.6 million  compared  to  last  year.  
This  change  is  mostly related to the increased amortizations as 
well as a higher tax rate compared  to the same period in 2007.
In October 2008, the  Austrian  CompuGROUP  company  Systema  Human  
Information Systems signed a contract for the largest IT  project  in
company  history,  in competition with worldwide renowned companies. 
Systema  is  going  to  implement the new system in twelve hospitals 
and eleven geriatrics  centers  belonging  to Vienna's hospital 
network (Wiener  Krankenanstaltenverbund,  KAV).  The  system, which 
is part of the IMPULS KIS project, will  be  fully  implemented  in  
these institutions by 2013. The net value of the contract amounts to 
EUR  42  million with a total project value, including optional 
proportions, of EUR 58 million.
With this contract, CompuGROUP has taken a major  step  to  further  
expand  its share of the healthcare IT market. Frank Gotthardt, 
Chairman  of  the  Board  of CompuGROUP Holding AG,  states:  "Our  
diversified  product  portfolio  for  all parties involved in the 
healthcare system and  in  social  institutions  enables all users to
allocate their resources more efficiently."
Outlook CompuGROUP expects regulatory changes  in  Germany  to  lead 
to  only  a  small decrease in revenue and earnings  in  the  HCS  
(Health  Connectivity  Services) segment  for  the  remainder  of  
2008.  Germany's  health  insurance  companies continue to be 
reluctant to enter into  large  contracts  for  products  of  the 
process and decision support system sector. The slow development of 
the  group's EPS  (Electronic  Patient  Services)  segment  affects  
the   group's   results negatively, and this is also expected to be 
reflected in  the  results  for  the remainder of 2008. In the Health
Professional Services segment  (HPS  I),  whose business are 
information systems for doctors and  dentists,  CompuGROUP  expects 
sales and earnings to exceed the results targeted for 2008. For the 
rest of  the year, good margins are expected in France and the Czech 
Republic.  Lower  growth rates and margins will probably be produced 
by the  Turkish  companies  acquired in 2007.
In summary, CompuGROUP confirms its prognosis for 2008, which  was  
adjusted  in July 2008. For the business year 2008, the group's 
management board  expects  an EBITDA of about EUR 50 million (roughly
the same as last year), and group  sales amounting to about EUR 225 
million (a growth rate of 25% compared to 2007).
Relevant figures at a glance
|                                  |09/2008     |09/2007     |
|                                  |in thousand |in thousand |
|                                  |EUR           |EUR           |
|Revenue                           |158,236     |128,618     |
|EBITDA                            |37,067      |35,934      |
|in %                              |23%         |28%         |
|EBITA                             |34,780      |33,974      |
|in %                              |22%         |26%         |
|EBIT                              |15,029      |19,000      |
|in %                              |9%          |15%         |
|EPS (EUR)                           |0.16        |0.33        |
|Cash net income *                 |25,861      |30,859      |
|in %                              |16%         |24%         |
|Cash flow from operating          |16,230      |16,678      |
|activities                        |            |            |
|Cash flow from investing          |- 127,671   |- 34,229    |
|activities                        |            |            |
|of which equity acquisitions      |- 116,582   |- 230       |
|Number of shares outstanding      |51,766      |52,687      |
|(´000)                            |            |            |
|Net debt                          |103,923     |- 32,330    |
* Cash net income: net income before minority interests plus 
amortisation  on intangible assets except for amortisation on 
in-house capitalized software
Conference Call for Journalists, Investors and Analysts: The 
management board of CompuGROUP Holding AG will go through  the  
results  for the first nine months of 2008 at a conference for 
analysts and  investors  today at 14:00 hours CET (2:00 pm CET). The 
conference will take place in the  context of MEDICA fair in 
Düsseldorf. It will be broadcast live via telephone  (see  the 
following list of telephone numbers). Its recording can be replayed 
later.
You can participate in this conference call by  dialing  one  of  the
following phone numbers:
+49 (0) 69 2222 2220        (Germany)
+44 (0) 20 7138 0840        (UK, London)
+1 (718) 354 1362           (USA)
The conference call will be recorded and available for replay about  
30  minutes after the conference has ended. It can be accessed  for  
replay  for  another  5 days.
In this case, please dial:
+49 (0) 69 22222 0418       (Germany)
+44 (0) 20 7806 1970        (UK, London)
+1 (718) 354 1112           (USA)
Replay passcode: 4647405#
At the beginning of the conference call, a presentation will be made 
available for download on the CompuGROUP website at 
www.compugroup.com.
About CompuGROUP Holding AG CompuGROUP is one of the  leading  
eHealth  companies  worldwide.  Its  software products, designed to 
support  all  medical  and  organizational  activities  in doctors' 
offices  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.  The  services  of CompuGROUP are based on its
unique  customer  base  of  about  320,000  doctors, dentists,  
hospitals,  associations  and  networks  as  well  as  other  service
providers. CompuGROUP is the eHealth company with  the  biggest  
coverage  among eHealth service  providers  worldwide.  The  company 
operates  in  14  European countries, Malaysia, Saudi Arabia and in  
South  Africa  and  currently  employs around 2,500 people. 
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end of announcement                               euro adhoc

Further inquiry note:

Maik Jacobs
Tel.: +49(0)261-8000 1284
E-Mail: mja@compugroup.com

Branche: Software
ISIN: DE0005437305
WKN: 543730
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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