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 exiting 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 will be made available for download on the CompuGroup Medical website a 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 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
Consultant Press & Media
P +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100