EANS-Adhoc: CURANUM AG / Figures Q2-2009/ HY1 2009

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

6-month report/Figures Q2-2009 / HY1 2009

13.08.2009

Ad hoc announcement

Second-quarter revenue within budget

CURANUM AG, Munich, achieved revenue of EUR 64.3 million in the
second quarter of 2009. This represents an increase of 0.9% compared
with the previous year's EUR 63.7 million. The revenue included
income of EUR 0.5 million from our new senior citizens care facility
of Scheffelhof in Bad Dürrheim. In addition, occupancy in May 2009
was slightly above the previous year levels. Revenue in the first
half of 2008 totaled EUR 127.5 million, and consequently dipped
slightly by 0.1% to EUR 127.4 million.

Despite the EUR 0.4 million rise in personnel costs, operating
earnings before rental expenses (EBITDAR) were maintained at EUR 20.2
million in the second quarter of 2009 (previous year: EUR 20.2
million), which corresponds to an EBITDAR margin of 31.4%. Earnings
before interest, tax, depreciation and amortization (EBITDA) fell
from EUR 6.8 million in the previous year to EUR 6.2 million in the
second quarter of 2009 as a result of further rental indexation
adjustments. At EUR 2.4 million, depreciation and amortization in the
current reporting period was identical to that of the previous year.
Earnings before interest and tax (EBIT) fell from EUR 3.8 million
(previous year: EUR 4.5 million) and earnings after tax reduced by
EUR 0.6 million from EUR 1.7 million in the second quarter of 2008 to
EUR 1.1 million in the second quarter of 2009. As a result, earnings
per share (EPS) were down from EUR 0.05 to EUR 0.03 in the second
quarter of 2009 compared to the previous year.

Compared with the first half of 2008, the net financial result
improved by 8.3%, from minus EUR 4.8 million as of June 30, 2009 to
minus EUR 4.4 million as of June 30, 2008. The after-tax result
amounted to EUR 2.2 million (previous year: EUR 3.8 million), and
earnings per share (EPS) totaled EUR 0.07, following EUR 0.12 in the
previous year.

Cash flow from operating activities in the first half of the current
financial year amounted to EUR 8.7 million, and, despite the lower
operating result, was only slightly below cash flow in the comparable
period of the previous year (EUR 9.0 million).

As a consequence of the dividend payment, the repurchases of own
shares, and additions to earnings-neutral provisions for
interest-rate hedging transactions, equity fell from EUR 64.1 million
as of December 31, 2008 by a total of EUR 1.7 million to EUR 62.4
million at the end of the second quarter of 2009. Consequently, the
equity ratio was 26.5% (previous year: 26.7%).

For the second half of 2009, we continue to anticipate a tough
competitive environment, characterized by numerous new openings,
restrictive care rate negotiations, and the continuation of difficult
financing conditions. Due to the high supply of care facilities
available for sale, accompanied by low level of purchasing demand, we
expect that purchase prices will tend to fall. In view of this
situation, we are highly confident that we will be able to exploit
attractive opportunities.

Munich, August 13, 2009

The Management Board

|Key figures IFRS as of June 30, | | | | |
|
|2009 | | | | |
|
| | | | | | |
|
|mil. EUR |Q2 - |Q2 - 2008|HY 1/2009|HY 1/2008|Q1 - 2009|Q1 -
2008|
| |2009 | | | | |
|
|Sales |64.3 |63.7 |127.4 |127.5 |63.1 |63.7
|
|EBITDAR |20.2 |20.2 |40.4 |41.9 |20.2 |21.7
|
|EBITDA |6.2 |6.8 |12.6 |14.7 |6.4 |7.9
|
|Depreciation |2.4 |2.4 |4.8 |4.7 |2.4 |2.3
|
|EBIT |3.8 |4.5 |7.8 |10.0 |4.0 |5.5
|
|Financial result |-2.1 |-2.3 |-4.4 |-4.8 |-2.3 |-2.5
|
|EBT |1.7 |2.2 |3.4 |5.3 |1.7 |3.0
|
|Net profit |1.1 |1.7 |2.2 |3.8 |1.1 |2.1
|
| | | | | | |
|
|Cash Flow |6.1 |4.9 |8.7 |9.0 |2.6 |4.1
|
| | | | | | |
|

| |
| |

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: CURANUM AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Bettina Pöschl

Tel. +49(0)89-242065-69

E-Mail: bettina.poeschl@curanum.de

Branche: Healthcare Providers
ISIN: DE0005240709
WKN: 524070
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / regulated dealing