DGAP-News: Curanum AG continues on growth path following Korian takeover
(firmenpresse) - DGAP-News: Curanum AG / Key word(s): Quarter Results
Curanum AG continues on growth path following Korian takeover
17.04.2013 / 09:23
---------------------------------------------------------------------
Press release
Curanum AG continues on growth path following Korian takeover
Curanum AG, Germany's largest listed care home operator, has today
published its quarterly results. First-quarter revenue was up by EUR 1.4
million to EUR 72 million, while operating EBITDA fell by EUR 0.7 million
to EUR 7.2 million. Overall, the Group reported breakeven at the after-tax
level (previous year: EUR 1 million profit), reflecting EUR 0.8 million of
extraordinary items connected with the streamlining of the Group structure
that has been launched, and extraordinary expenses relating to the due
diligence review of the Phönix Group that was announced at the end of
March. The Phönix Group is the German subsidiary of Korian S.A., which
acquired a total of 78.4% of CURANUM shares in March 2013.
'Along with the further improvements to operating earnings, our objective
is to integrate ourselves into the pan-European Korian Group over the
course of the financial year,' commented CEO Walther Wever. 'Forming part
of this financially-strong European group also offers us the opportunity to
implement an overall restructuring of our existing financing concept with
regard to non-compliance with a lending covenant, and the planned non-cash
capital increase through Phönix Group's contribution.'
Munich, April 17, 2013
The Management Board
End of Corporate News
---------------------------------------------------------------------
17.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Curanum AG
Engelbertstr. 23-25
81241 München
Germany
Phone: +49 (0)89 2420 65-0
Fax: +49 (0)89 2420 65-10
E-mail: ir(at)curanum.de
Internet: www.curanum.de
ISIN: DE0005240709
WKN: 524070
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
207334 17.04.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2013 - 09:23 Uhr
Sprache: Deutsch
News-ID 249790
Anzahl Zeichen: 3752
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 187 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Curanum AG continues on growth path following Korian takeover"
steht unter der journalistisch-redaktionellen Verantwortung von
Curanum AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
