EANS-News: CompuGroup Medical AG - Second Quarter Results 2010
Geschrieben am 12-08-2010 |
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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quarterly report
Koblenz (euro adhoc) - August 12, 2010: CompuGroup Medical AG today
presented the financial report for the second quarter of 2010. The
company, one of the leading global providers of eHealth solutions,
achieved revenue of EUR 76.7 million, up from EUR 75.1 million in the
second quarter 2009. Operating profit (EBITDA) came in at EUR 15.8
million, an increase of 20 percent compared to the same period of
2009. Cash net income increased 24 percent from EUR 8.1 million in
the second quarter 2009 to EUR 10.1 million in the second quarter
2010. CompuGroup also signed several new contracts with health
insurance companies in Germany during the quarter which, combined
with accelerating development in USA, is expected to lead to a
continued increase in business volume during the second half of 2010.
With this result, CompuGroup Medical AG continues its strategy and
growth based on the greatest coverage among healthcare providers
(physicians, dentists, hospitals etc.) worldwide. In the HPS (Health
Provider Services) business segment, revenue was EUR 60.5 million
compared to EUR 57.5 million in the second quarter of 2009. This
represents an increase of 5 percent. In the HCS (Health Connectivity
Services) business segment, revenue rebounded from the slow start of
the year (first quarter 2010 revenue of EUR 13.9 million) up to EUR
16.1 million in the second quarter.
CompuGroup Medical also made further progress during the reporting
period to develop its business in the US. During the first six months
of 2010, CompuGroup significantly increased sales personnel and
software development resources to ensure the ability to address the
market and to meet all technical requirements. These initiatives
combined with early adopting doctors beginning to place orders based
in the HITECH stimulus drove revenue in Noteworthy 46 percent higher
in the second quarter of 2010 compared to the same period in 2009.
Based on order bookings and feedback from doctors so far, a continued
increase in business volume is expected during the second half of
2010. Since March 2010, Noteworthy is fully owned by CompuGroup.
CompuGroup also continues to develop its business relationship with
the health insurance funds in Germany. After a successful first
implementation of the product "Smart Exchange", a system to safely and systematically improve measures to drive higher levels of generic
substitution to save care costs without sacrificing care quality,
CompuGroup has signed two new contracts during the second quarter
covering a population of 7 million people. There is a good pipeline
for potential additional "Smart Exchange" contracts expected to be
signed in the coming quarters.
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG,
stated: "The second quarter shows that we are on the right way to
fulfill our goals for this year. I am particularly excited about the
accelerating development in USA and l can assure everybody that we
will do everything in our power to make the United States a key
future market for CompuGroup."
CompuGroup reaffirms the guidance for 2010 presented in the Annual
Report 2009:
Revenue is expected to be in the range of EUR 315 million to EUR 330
million. Operating income (EBITDA) is expected to be in the range of
EUR 67 million to EUR 73 million.
About CompuGroup Medical AG CompuGroup Medical is one of the leading
e-health 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 Medical are based on its unique customer base of around
360,000 doctors, dentists, hospitals and networks as well as other
service providers. CompuGroup Medical is the e-Health company with
the biggest coverage among e- health service providers worldwide. The
company operates in 14 European countries, Malaysia, Saudi Arabia,
South Africa and in the USA and currently employs around 2,800
people.
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. The conference 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 69 210869703 (Germany) +44 16 16018902
(UK) +1 2153054495 (USA) Participant code: 18561270
At the beginning of the conference call, a presentation will be made
available for download on the CompuGroup Medical website at
www.cgm.com. The presentation can be viewed live at
https://compugroup.webex.com.
end of announcement euro adhoc
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ots Originaltext: CompuGroup Medical AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
CompuGroup Medical AG
Barbara Zörner
Consultant Press & Media
P +49 (0) 261 8000-1293
F +49 (0) 261 8000-3284
E-Mail: press@cgm.com
Branche: Software
ISIN: DE0005437305
WKN: 543730
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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