Koblenz - 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 exciting
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 is available for download on CGM's website at www.cgm.com and can also 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, pharmacies and
hospitals. Its information services for all parties involved in the
healthcare system and its webbased 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
Barbara Müller
Consultant Press & Media
P 49 (0) 261 8000-6100
F 49 (0) 261 8000-3100