EANS-News: CompuGroup Medical AG - Second Quarter Results 2011
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6-month report
Koblenz (euro adhoc) - CompuGroup Medical AG today presented the financial
report for the second quarter of 2011. The company, one of the leading global
providers of eHealth solutions, achieved revenue of EUR 87.8 million, an
increase of 14 percent from EUR 76.7 million in the second quarter 2010. To
further increase growth in the coming period, CGM entered the market for
pharmacy information systems in June by acquiring LAUER-FISCHER GmbH, one of the
market leaders in Germany.
The reported second quarter operating profit includes special one-off
transaction costs from the LAUER-FISCHER acquisition and restructuring costs in
the US. Without these special effects, the adjusted second quarter EBITDA was
EUR 18.2 million (reported: EUR 10.4 million), up from EUR 15.8 million in the
same period last year. The adjusted second quarter operating margin is stable
year-over-year at 21 percent.
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, stated: "We
have just completed six months with special circumstances and extraordinary
effects compared to what is normal for our business. Through prudent cost
measures and discipline we continue to deliver reasonable results in a
challenging first half of 2011. With the consolidation and restructuring now
completed in the US we have created the basis for a strong, profitable and
growing business in this market and with the additional power of our new
colleagues in LAUER-FISCHER we are ready for stronger growth and a more
profitable second half of the year."
Including all effects from the acquisition of LAUER-FISCHER, CompuGroup Medical
adjusts the 2011 guidance with group revenue to be in the range of EUR 400
million to EUR 410 million and group operating income (EBITDA) is expected to
be in the range of EUR 75 million to EUR 81 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 CEST. The
conference 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 69 2 10 86 97 03 (Germany)
+44 16 16 01 89 02 (UK)
+1 21 53 05 44 95 (USA)
Participant code: 18561270
At the beginning of the conference call, a presentation will be made available
for download on the CompuGroup Medical website at www.cgm.com. The presentation
can 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 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 20 countries and customers in 34 countries
worldwide, CompuGroup Medical is the eHealth company with one of the highest
coverage among eHealth service providers. Approximately 3600 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 8000-1293
F +49 (0) 261 8000-3284
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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English