Koblenz - 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
"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
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. The presentation 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 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 20 countries and customers in 34
countries worldwide, CompuGroup Medical is the eHealth
company with one of the highest coverage among eHealth
service providers. Approximately 3,600 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