DGAP-News: RHÖN-KLINIKUM AG: Growth in patient numbers and revenues in H1
(firmenpresse) - DGAP-News: RHÖN-KLINIKUM AG / Key word(s): Half Year Results
RHÖN-KLINIKUM AG: Growth in patient numbers and revenues in H1
09.08.2012 / 06:59
---------------------------------------------------------------------?Patient number climb by 9.5%, revenues by 7.1%?First-time consolidation of HSK?Delay in restructuring of UKGM?Collective wage deals at higher end of expected range?Extraordinary effects as a result of takeover offer in second quarter?Forecast for the year adjusted by EUR 25 million to EUR 30 million
Bad Neustadt a. d. Saale, 9 August 2012
Patient numbers and revenues within the Group of RHÖN-KLINIKUM AG once
again witnessed significant growth in the first half of 2012. In the first
six months, 1.26 million patients were treated, 9.5% more than over the
same period of the previous year. Revenues climbed by 7.1% to EUR 1.39
billion. In addition to the pleasing organic growth in revenues, the
first-time consolidation of Dr. Horst Schmidt Kliniken (HSK) in Wiesbaden
took place as at 1 May 2012.
For the reporting period, the result declined. In addition to the losses
acquired from HSK, this is explained chiefly by the following developments:?Delays in the restructuring of the University Hospitals Gießen and
Marburg (UKGM) are expected to burden the operating result by roughly EUR
20 million for full-year 2012.?The high collective wage deals recently negotiated and the decline in
prices that has now persisted for two years are having a double adverse
impact on the earnings situation of our hospitals.?The takeover offer by Fresenius significantly impaired the result due to
one-off consulting fees and the noticeable insecurity created within the
organisation.
Specifically, operating EBITDA worsened by 10.2% to EUR 145.2 million in
the first six months of the year. Given higher amortisation on new hospital
buildings, EBIT fell by 24.9% to EUR 76.8 million. Burdened by higher
interest and a one-off tax effect from the previous period, net
consolidated profit declined by 40.5% to EUR 50.1 million. After deducting
minority interests in profit of EUR 1.2 million from net consolidated
profit of the first six months, earnings per ordinary share (EpS) stood at
EUR 0.35 (previous year: EUR 0.59).
'Although the first half of the year also reveals negative points, these
are outweighed by the positive ones', said Wolfgang Pföhler, chairman of
the Board of Management of RHÖN-KLINIKUM AG. 'The rising patient numbers
are proof of the high quality level of our facilities and the outstanding
performance of our more than 40,000 employees. We see our revenue figures,
which were additionally positively impacted by the consolidation of HSK, as
being on a good path. The earnings performance seen over the past six
months is certainly not satisfactory, but this was also due to negative
one-off effects.'
Outlook
With regard to full-year 2012, Pföhler emphasised: 'Our expectations for
the second half are cautiously optimistic. Wage increases can be offset in
part by the most recent decisions of the German legislator. It is true that
the measures are not remotely sufficient, but they will bring about a
positive effect. At UKGM initial steps to improve efficiency have already
been taken by the management. These will also help improve the earnings
situation inthe medium term. As before, the consequences of the failed
takeover offer at the end of June are not foreseeable. The possibility of
further burdens arising here cannot be ruled out.'
RHÖN-KLINIKUM AG has adjusted its forecast for financial year 2012 as
follows:
For financial year 2012, including HSK consolidated for the first time at
the end of April, RHÖN-KLINIKUM AG expects revenues of EUR 2.85 billion,
which may fluctuate within a range of plus or minus 2.5 per cent. This
revenue target is accompanied by a forecast for EBITDA of EUR 315 million
and for net consolidated profit of EUR 117 million, in each case subject to
a variation of +/- 5 per cent.
We will continue to show our core competences to lie in efficiency and
quality, not least with the integration and restructuring of our latest
acquisition, Dr. Horst Schmidt Kliniken', Pföhler stated in conclusion.
Contacts:
Max Mueller
Director Corporate Communications
Friedrichstraße 82
D-10117 Berlin
Phone: +49 30 20603-700
Fax: +49 30 20603-701
Mobile: +49 171 5491487
Email: max.mueller(at)rhoen-klinikum-ag.com
Dr. Kai G. Klinger
Head of Investor Relations
Schlossplatz 1
D-97616 Bad Neustadt a. d. Saale
Phone: +49 9771 65-1318
Fax: +49 9771 99-1736
Mobile: +49 151 12582707
Email: kai.klinger(at)rhoen-klinikum-ag.com
End of Corporate News
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Language: English
Company: RHÖN-KLINIKUM AG
Schlossplatz 1
97616 Bad Neustadt a.d.Saale
Germany
Phone: +49 (0)9771 - 65-0
Fax: +49 (0)9771 - 97 467
E-mail: rka(at)rhoen-klinikum-ag.com
Internet: www.rhoen-klinikum-ag.com
ISIN: DE0007042301
WKN: 704230
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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181034 09.08.2012
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