CompuGroup Medical AG today presented the preliminary and unaudited financial report for the fourth quarter and full year 2015. The company, one of the leading global providers of eHealth solutions, delivered fourth quarter revenue of EUR 147 million, up 4 percent from EUR 141 million in 2014. Fourth quarter operating profit (EBITDA) increased 17 percent from EUR 28 million in 2014 to EUR 33 million this year.
With this result, CGM delivers a strong finish to 2015 which leads to full-year revenue of EUR 543 million compared to EUR 515 million in 2014. This corresponds to 5 percent annual growth. Full-year operating profit increased 15 percent from EUR 97 million in 2014 to EUR 112 million in 2015. The 2015 operating margin is 2 percentage points higher than in 2014 and margin expansion is projected to continue also in 2016.
The main drivers behind growth and operational improvements in 2015 are the core software business towards office-based providers and the related networking solutions offered under the umbrella 'Health Connectivity Services' (HCS). The largest and most important market for office-based providers, software for doctors and dentists, had a good year with 8 percent growth outside the German Telematics Infrastructure pilot project (3 percent organic growth and 5 percent growth coming from various smaller acquisitions). In pharmacy software, it has been an even better year with 16 percent growth (6 percent organic growth and 10 percent growth coming from acquisitions). Overall, it has also been a strong 2015 for the HCS business with full-year organic growth of 6 percent.
Frank Gotthardt, CEO and Chairman of the Board of CompuGroup Medical AG, stated: 'I am happy to finish 2015 on a very positive note. Our commitment towards more efficiency and margin expansion has been clearly stated and we are delivering on our promise in this area. In addition, we are of course excited about the role we expect to play in the coming implementation of the new eHealth law in Germany and to move towards higher organic growth based on the adoption of a completely new range of eHealth products and services in our home market.'
For 2016, CGM expects to continue on its growth trajectory and again improve its profitability. In summary, revenue is expected to be between EUR 560 million and EUR 570 million and operating profit (EBITDA) between EUR 125 million and EUR 133 million.
CGM's Annual Report including full year 2015 audited financials will be published on 31 March 2016.
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 CEST.
You can participate in this conference call by dialing one of the following phone numbers:
+49 69 2 10 86 97 03 (Germany)
+44 16 16 01 89 02 (UK)
+1 21 53 05 44 95 (USA)
Participant code: 18 56 12 70
A presentation will be available for download on www.cgm.com/investor-relations prior to the conference call and can also be viewed live at: www.cgm.com/onlinepresentation .
About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of more than EUR 500 million, its software products are designed to support all medical and organizational activities in doctors' offices, pharmacies, laboratories 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 approximately 400,000 doctors, dentists, pharmacists and other service providers in inpatient and outpatient facilities. With locations in 19 countries and products in more than 40 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 4,200 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.
Contact for Editorial Staff:
CompuGroup Medical AG
Vice President Political & Public Affairs
P +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100