EANS-News: CompuGroup Medical AG – Third Quarter Results 2011




——————————————————————————–
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
——————————————————————————–
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: https://compugroup.webex.com}[HYPERLINK:
press@cgm.com

end of announcement euro adhoc
——————————————————————————–

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

Trackback URL

, , , , , , , , , , , , , , , , , , ,

Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Quelle Firmenname) verantwortlich. Dieser ist auch grundsätzlich Urheber, sowie auch für jegliche Bilder und weiteren Materialien in dieser Pressemitteilung.

Blogspan.net (Alexander Baumgärtner) übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit.

No Comments on "EANS-News: CompuGroup Medical AG – Third Quarter Results 2011"

Hi Stranger, leave a comment:

ALLOWED XHTML TAGS:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Subscribe to Comments