CompuGroup Medical AG First Quarter Results 2012

(PresseBox) ( Koblenz, )
CompuGroup Medical AG today presented the financial report for the first quarter of 2012. The company, one of the leading global providers of eHealth solutions, achieved revenue of EUR 112.2 million, an increase of 24 percent compared to the same period in 2011. Increasing profitability in recently acquired companies as well as in several established business areas pushed up quarterly EBITDA margins by 8 percentage points from 15 percent in 2011 to 23 percent this year. Consequently, the company's first quarter 2012 operating profit (EBITDA) reached EUR 26.3 million representing an 88 percent increase yearon- year.

With this result, CompuGroup Medical AG reports a solid first quarter 2012 and continues to grow strongly. In the HPS (Health Provider Services) business segment, revenue was EUR 94.4 million compared to EUR 73.8 million in the first quarter of 2011. This represents an increase of 28 percent of which 6 percent is organic growth. The HCS (Health Connectivity Services) business segment also had a good start to the year resulting in 8 percent organic growth. As a notable achievement in challenging market conditions, the US business delivered its best quarter reported to date with year-on-year organic growth and 11 percent EBITDA margin.

Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, stated: "It has been a broad-based positive start to 2012 with solid performance across all our main business areas. I am especially pleased with the margin development which follows the positive trend from the second half of last year and remains one of our main focus areas. In addition we continue to strengthen our positions internationally, this quarter by acquiring companies in the Netherlands and Italy that fit perfectly with the businesses we already operate in these markets."

CompuGroup Medical reaffirms the full year 2012 guidance presented in the Annual Report 2011 published on 29 March 2012. Group revenue is expected to be in the range of EUR 440 million to EUR 460 million and operating income (EBITDA) is expected to be in the range of EUR 95 million to EUR 105 million. This corresponds to an increase in profitability from 21 percent and 18 percent EBITDA margin in 2010 and 2011 respectively to 22-23 percent EBITDA margin in 2012.
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