CompuGROUP Increases Sales by 23%
Geschrieben am 20-11-2008 |
-------------------------------------------------------------------------------- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
finances
Koblenz (euro adhoc) - Koblenz (Germany) - November 20, 2008: In the first nine months of the business year 2008, CompuGROUP Holding AG has increased its group-wide sales by 23% compared to the same period in the previous year, while operating profit and cash flow were at the same level as last year. Business development activities remain at a high level, and CompuGROUP has secured its largest contract ever in the Austrian hospital information systems sector.
CompuGROUP continues to pursue its growth strategy. Year-to-date revenue reached a new record high of EUR 158.2 million compared to EUR 128.6 million in the same period last year. Acquisitions contributed 19% to growth while organic growth was 4%. The Koblenz-based group was able to increase its earnings before taxes, interest, depreciation and amortization (EBITDA) by EUR 1.2 million to EUR 37.1 million. This result corresponds to an EBITDA margin of 23%.
Depreciation and amortization during the first nine months of 2008 amounted to EUR 22 million compared to EUR 16.9 million in the same period of 2007. This increase is mostly related to acquisitions.
Earnings after tax for the reporting period were EUR 8.1 million, which is a decrease by EUR 8.6 million compared to last year. This change is mostly related to the increased amortizations as well as a higher tax rate compared to the same period in 2007.
In October 2008, the Austrian CompuGROUP company Systema Human Information Systems signed a contract for the largest IT project in company history, in competition with worldwide renowned companies. Systema is going to implement the new system in twelve hospitals and eleven geriatrics centers belonging to Vienna's hospital network (Wiener Krankenanstaltenverbund, KAV). The system, which is part of the IMPULS KIS project, will be fully implemented in these institutions by 2013. The net value of the contract amounts to EUR 42 million with a total project value, including optional proportions, of EUR 58 million.
With this contract, CompuGROUP has taken a major step to further expand its share of the healthcare IT market. Frank Gotthardt, Chairman of the Board of CompuGROUP Holding AG, states: "Our diversified product portfolio for all parties involved in the healthcare system and in social institutions enables all users to allocate their resources more efficiently."
Outlook CompuGROUP expects regulatory changes in Germany to lead to only a small decrease in revenue and earnings in the HCS (Health Connectivity Services) segment for the remainder of 2008. Germany's health insurance companies continue to be reluctant to enter into large contracts for products of the process and decision support system sector. The slow development of the group's EPS (Electronic Patient Services) segment affects the group's results negatively, and this is also expected to be reflected in the results for the remainder of 2008. In the Health Professional Services segment (HPS I), whose business are information systems for doctors and dentists, CompuGROUP expects sales and earnings to exceed the results targeted for 2008. For the rest of the year, good margins are expected in France and the Czech Republic. Lower growth rates and margins will probably be produced by the Turkish companies acquired in 2007.
In summary, CompuGROUP confirms its prognosis for 2008, which was adjusted in July 2008. For the business year 2008, the group's management board expects an EBITDA of about EUR 50 million (roughly the same as last year), and group sales amounting to about EUR 225 million (a growth rate of 25% compared to 2007).
Relevant figures at a glance
| |09/2008 |09/2007 | | |in thousand |in thousand | | |EUR |EUR | |Revenue |158,236 |128,618 | |EBITDA |37,067 |35,934 | |in % |23% |28% | |EBITA |34,780 |33,974 | |in % |22% |26% | |EBIT |15,029 |19,000 | |in % |9% |15% | |EPS (EUR) |0.16 |0.33 | |Cash net income * |25,861 |30,859 | |in % |16% |24% | |Cash flow from operating |16,230 |16,678 | |activities | | | |Cash flow from investing |- 127,671 |- 34,229 | |activities | | | |of which equity acquisitions |- 116,582 |- 230 | |Number of shares outstanding |51,766 |52,687 | |(´000) | | | |Net debt |103,923 |- 32,330 |
* Cash net income: net income before minority interests plus amortisation on intangible assets except for amortisation on in-house capitalized software
Conference Call for Journalists, Investors and Analysts: The management board of CompuGROUP Holding AG will go through the results for the first nine months of 2008 at a conference for analysts and investors today at 14:00 hours CET (2:00 pm CET). The conference will take place in the context of MEDICA fair in Düsseldorf. It will be broadcast live via telephone (see the following list of telephone numbers). Its recording can be replayed later.
You can participate in this conference call by dialing one of the following phone numbers:
+49 (0) 69 2222 2220 (Germany) +44 (0) 20 7138 0840 (UK, London) +1 (718) 354 1362 (USA)
The conference call will be recorded and available for replay about 30 minutes after the conference has ended. It can be accessed for replay for another 5 days.
In this case, please dial:
+49 (0) 69 22222 0418 (Germany) +44 (0) 20 7806 1970 (UK, London) +1 (718) 354 1112 (USA)
Replay passcode: 4647405#
At the beginning of the conference call, a presentation will be made available for download on the CompuGROUP website at www.compugroup.com.
About CompuGROUP Holding AG CompuGROUP is one of the leading eHealth companies worldwide. Its software products, designed to support all medical and organizational activities in doctors' offices 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. The services of CompuGROUP are based on its unique customer base of about 320,000 doctors, dentists, hospitals, associations and networks as well as other service providers. CompuGROUP is the eHealth company with the biggest coverage among eHealth service providers worldwide. The company operates in 14 European countries, Malaysia, Saudi Arabia and in South Africa and currently employs around 2,500 people. ----------------------- Size: 5,254 characters (incl. header) For immediate release - Page 1 of 4
PRESS RELEASE
end of announcement euro adhoc --------------------------------------------------------------------------------
ots Originaltext: CompuGROUP Holding AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Maik Jacobs
Tel.: +49(0)261-8000 1284
E-Mail: mja@compugroup.com
Branche: Software ISIN: DE0005437305 WKN: 543730 Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse München / free trade
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