EANS-News: CompuGroup Medical AG - Third Quarter Results 2012
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9-month report
Koblenz (euro adhoc) - November 14, 2012: CompuGroup Medical AG today presented
the financial report for the third quarter of 2012. The company, one of the
leading global providers of eHealth solutions, achieved revenue of EUR 107.0
million, compared to EUR 103.3 million in the third quarter 2011. This
represents an increase of 4 percent.
In the HPS (Health Provider Services) business segment, revenue was EUR 92.6
million compared to EUR 87.5 million in the third quarter of 2011. This
represents an increase of 6 percent of which 3 percent is organic growth. Growth
is driven by continued positive development and 6 percent organic growth in high
margin Ambulatory Information Systems whereas the third quarter showed lower
revenue within Hospital Information Systems compared to last year.
The HCS (Health Connectivity Services) business segment revenue decreased from
15.7 million in the third quarter 2011 to EUR 14.1 million in 2012. This was
over all affected by new guidelines for the certification of physicians'
software in Germany which, as expected, reduced revenue in Communication & Data
in the third quarter.
Third quarter operating profit (EBITDA) came in at EUR 24.4 million, compared to
EUR 23.3 million in the same period 2011. This represents an increase of 5
percent. The underlying profitability is good as the reported figures include a
EUR 1.5 million on-off restructuring charge in the Netherlands.
"In terms of revenue, the third quarter of 2012 does not fully live up to the
good performance we showed in the first six months this year. Despite this, I am
encouraged by the continued positive development and organic growth in the AIS
business, knowing that this will get even stronger already in the next quarter
with new business models coming on stream in Germany", stated Frank Gotthardt,
CEO and Chairman of the Board of CompuGroup Medical AG. "With our focused and
ongoing commitment to operational efficiency and investment in growth we see an
underlying trend of increasing margins, increasing value of our products and
increasing size of our business. This is consistent with the visions we have
given for our business and I look forward to capture the exiting opportunities
that lie ahead of us through organic growth and increasing profitability."
CompuGroup Medical reaffirms the 2012 outlook presented in the financial report
for the second quarter 2012 with full year group revenue expected to be in the
range of EUR 450 million to EUR 460 million and operating income (EBITDA)
expected 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 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 HYPERLINK "http://www.cgm.com" www.cgm.com. The presentation can
also be viewed live at HYPERLINK "https://compugroup.webex.com"
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:
Contact for media representatives:
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