EANS-Adhoc: CURANUM AG / Publishing the key figures Q1/ 2010

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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.
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quarterly report

12.05.2010

Ad hoc announcement

CURANUM AG publishes results for first quarter of 2010:

Further increase in revenue

In the first quarter of 2010 revenue generated by CURANUM AG, Munich, grew by

EUR 1.1 million compared with the first quarter of 2009, rising from
EUR 63.1 million to EUR 64.2 million. The increase results mainly
from revenue of EUR 0.9 million that was generated by our new
"Alten- und Pflegeeinrichtung Am Stöckheimer Markt" facility in
Braunschweig, and additional revenue for care services focusing
on occupants suffering from dementia.

The personnel expense rose by EUR 0.6 million from EUR 32.1
million in the first quarter of 2009 to EUR 32.7 million in the
current reporting period. This particularly reflected greater staff
costs at our facilities totaling EUR 0.9 million, including EUR
0.3 million of staff costs for our new facility in
Braunschweig. This increase was offset by a EUR 0.3 million
personnel cost reduction in our head companies' administration area.

Earnings before interest, tax, depreciation and amortization
(EBITDA) fell by EUR 0.3 million in the current reporting period to
EUR 6.1 million (previous year: EUR 6.4 million). Consequently,
the EBITDA margin edged down from 10.1% to 9.5% in the first
quarter of 2010. Earnings before interest and tax (EBIT) fell by
EUR 0.3 million, from EUR 4.0 million in the first quarter of 2009
to EUR 3.7 million in the first quarter of 2010.

Our net financial result improved slightly by EUR 0.1 million to
EUR -2.2 million in the reporting period (previous year: EUR
-2.3 million). Earnings after tax in the first quarter of 2010
fell by EUR 0.3 million to EUR 0.8 million (previous year: EUR
1.1 million), as a consequence of which earnings per share (EPS)
went from EUR 0.04 in the first quarter of 2009 to EUR 0.03 in the
first quarter of 2010.

Cash flow from operating activities rose by EUR 3.9 million to EUR
6.5 million during the period under review (previous year: EUR 2.6
million). This reflected a significantly lower working capital
reduction of EUR 0.5 million in the first quarter of 2010 compared
with the first quarter of 2009 (EUR -4.2 million), lower
formation of provisions, and a EUR 0.2 million rise in income
tax receipts to EUR 0.8 million in the current reporting period.

Equity rose by EUR 0.6 million, from EUR 66.1 million as of December
31, 2009 to EUR 66.7 million as of the March 31, 2010 balance
sheet date. The equity ratio rose slightly to 28.23% (December 31,
2009: 27.96%).

Although utilization in our facilities was stable in the first
quarter of 2010, it proved very difficult to maintain as the result
of a higher mortality rate, and a trend towards shorter stays on
the part of our occupants. We are assuming that this trend will
improve over the further course of the business year. With a look to
the 2010 financial year, we continue to budget total revenue
of between EUR 264.6 million and EUR 266.5 million (excluding
acquisitions and care rate increases), EBITDA of between EUR 28.5
million and EUR 30.0 million, and net income of between EUR 6.5
million and EUR 7.5 million.

Further information is available at our website www.curanum.de
under the Investor Relations menu item.

Munich, May 12, 2010

The Management Board

|Key figures IFRS as of March 31,| | | |
|2010 | | | |
| | | | | |
|mil. EUR |Q1/2010|Q1/2009 |YoY in % |FY '2009 |
| | | | | |
|Sales |64.2 |63.1 |1.74 |259.5 |
|Staff costs |32.7 |32.1 |1.87 |130.5 |
|EBITDAR |19.9 |20.2 |-1.49 |83.1 |
|Rental costs |13.8 |13.9 |-0.72 |55.5 |
|EBITDA |6.1 |6.4 |-4.69 |27.6 |
|in % of Sales |9.5% |10.1% | |10.6% |
|Depreciation |2.4 |2.4 |0.00 |9.8 |
|EBIT |3.7 |4.0 |-7.50 |17.8 |
|in % of Sales |5.8% |6.3% | |6.9% |
|Financial results |-2.2 |-2.3 |-4.35 |-8.9 |
|EBT |1.5 |1.7 |-11.76 |8.9 |
|Net profit |0.8 |1.1 |-27.27 |5.8 |
|EPS (EUR)* |0.03 |0.04 |-25.00 |0.18 |
| | | | | |
|Cash Flow |6.5 |2.6 |150.00 |19.9 |
|CPS (EUR)* |0.2 |0.08 |150.00 |0.62 |
| | | | | |
|Cash and cash |9.9 |7.2 |37.50 |8.9 |
|equivalents | | | | |
|Equity capital |66.7 |67.0 |-0.45 |66.1 |
|in % of balance sheet |28.2 |27.8 |1.44 |28.0% |
|total | | | | |
|Balance sheet total |236.3 |241.2 |-2.03 |236.4 |
| | | | | |
|Employees |6,152 |5,985 |2.79 |6,055 |
|Facilities |69 |68 |1.47 |69 |
|Care places |7,802 |7,692 |1.43 |7,805 |
|Assisted living |1,679 |1,681 |-0.12 |1,681 |
|apantements | | | | |
| | | | | |
|*) Number of underlying outstanding shares in Q1 / | |
|2010: 32.267.835 shares | |
|*) Number of underlying outstanding shares in Q1 / | |
|2009: 32.524.196 shares | |
|*) Number of underlying outstanding shares in 2009: | |
|32.267.835 shares | |

end of announcement euro adhoc
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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
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