EANS-News: CompuGroup Medical AG - Third Quarter Results 2011
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9-month report
Koblenz (euro adhoc) - November 16, 2011: CompuGroup Medical AG today presented
the financial report for the third quarter of 2011. The company, one of the
leading global providers of eHealth solutions, achieved revenue of EUR 103.3
million, up 37 percent compared to the third quarter 2010. Operating profit
(EBITDA) came in at EUR 23.3 million, an increase of 29 percent compared to the
same period of 2010.
With this result, CompuGroup Medical AG continues to grow strongly with an
unchanged business focus. The group strategy is based on the greatest coverage
among healthcare providers (physicians, dentists, hospitals, pharmacies, etc.)
worldwide. With the addition of the newly acquired pharmacy software business of
LAUER-FISCHER, revenue in the HPS (Health Provider Services) business segment
soared 46 percent to a record EUR 87.6 million in the quarter. Further progress
was also made during the reporting period to develop the business in the United
States. The consolidation and restructuring of the US business now shows clear
positive effects, and for the first time the business had a positive quarterly
operating profit (EBITDA) in the third quarter of 2011 alongside a steady
increase in order bookings.
"We have pushed hard over the last 6-12 months with multiple acquisitions adding
to the growth and strategic direction of our business. It is only natural that
this was followed by a period with strong emphasis on consolidation and
integration of the acquired companies. The third quarter this year shows the
early fruits of our efforts to bring margins back in line and we will continue
to work hard to further improve group profitability in the coming periods",
stated Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG.
Following the third quarter, CompuGroup Medical refines the 2011 outlook with
full year 2011 group revenue expected to be EUR 392 million with operating
income (EBITDA) expected to be EUR 73 million.
Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical AG will go through the Q3 results at
a conference for analysts and investors today at 12:00 hours CET. The conference
will be broadcast live via telephone.
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 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 3,600 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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English