Koblenz - February 1, 2013: CompuGroup Medical AG (CGM) today presented the preliminary and unaudited financial report for 2012. The company, one of the leading global providers of eHealth solutions, achieved full year 2012 revenue of EUR 451 million, corresponding to 13 percent growth. Consolidated EBITDA amounted to EUR 105 million compared to EUR 73 million in 2011. This represents an increase of EUR 32 million and 44 percent respectively. The corresponding operating margin was 23 percent compared to 18 percent in 2011.
With this result, CompuGroup Medical AG delivered a good finish
to 2012. For the fourth quarter alone, revenue was EUR 120.1
million, up 4 percent compared to the fourth quarter 2011.
Operating profit (EBITDA) came in at EUR 28.6 million, an increase
of 13 percent compared to the same period last year. This
corresponds to a fourth quarter operating margin of 24 percent, up
from 22 percent last year. The Hospital Information Systems (HIS)
business had an especially strong fourth quarter with 12 percent
year-on-year organic growth. The positive seasonal uplift in the
hospital business was particularly pronounced in the markets in
Poland, Austria and Switzerland.
"We reached our goals in 2012. We are closing in on the ½ billion Euro revenue mark while at the same time achieving the highest operating margin in 5 years and with a sharp profitability increase from last year. On top of this, we carried out a tremendous amount of systematic groundwork for the future in 2012 and our organization and product portfolio have never been stronger. Our focus on profitability and balanced growth will continue in the new year and I look forward to the further development of CGM together with my 3,600 colleagues worldwide." stated Frank Gotthardt, CEO of CompuGroup Medical AG.
For 2013 CompuGroup Medical expects revenue between EUR 470 and 490 million and operating profit (EBITDA) between EUR 115 and 125 million.
CGM's Annual Report including full year 2011 audited financials will published on 28 March 2013.
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 results at a conference call today at 15:00 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
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.
Contact for media representatives:
CompuGroup Medical AG
Consultant Press & Media
P +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100