Koblenz, August 9, 2012: CompuGroup Medical AG today presented the financial report for the second quarter of 2012. The company, one of the leading global providers of eHealth solutions, achieved revenue of EUR 111.3 million compared to EUR 87.8 million in the second quarter 2011. This represents an increase of 27 percent of which 8 percent is organic growth.
With this solid result CompuGroup Medical AG continues the successful start to the year in the second quarter. Operating profit (EBITDA) came in at EUR 25.9 million, compared to EUR 10.4 million in the same period of 2011. The corresponding operating margin improved by 11 percentage points to 23 percent, driven by successful integration and efficiency improvements in companies acquired as well as special effects in the second quarter last year. The most pronounced positive effect comes from the US business that continued its positive trend from the first quarter and delivered a second quarter with 16 percent year-on year organic revenue growth and 15 percent EBITDA-margin.
In the HPS (Health Provider Services) business segments, revenue was EUR 95.0 million compared to EUR 71.9 million in the second quarter of 2011. This represents an increase of 32 percent of which 9 percent is organic growth. The HCS (Health Connectivity Services) business segment had a flat year-on-year development with 1 percent organic growth and revenue of EUR 16.0 million in the second quarter 2012.
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, stated: "We continued the positive 2012 development in the second quarter with solid organic growth and a forceful rebound in margins compared to last year. Our progress in Health Provider Services is broad-based, from most competitive hospital information systems in Poland, to the leading position in EMR and PM systems in Germany and to cutting edge electronic health records for ambulatory doctors in the US. Our products manifest our vision of software solutions supporting healthcare providers and other stakeholders for more efficiency and better health. As always, our business is based on unrelenting growth and a strong focus on operational efficiency as we continue our journey towards becoming a truly global company."
In view of the positive development in the first half year of 2012, CGM narrows the outlook to the upper range of the guidance and is now expecting group revenue to be in the range of EUR 450 million to EUR 460 million and group operating income (EBITDA) 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 Q2 results at a conference for analysts and investors today at 15:00 hours CET.
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