DGAP-News: CompuGroup Medical AG First Quarter Results 2013
(firmenpresse) - DGAP-News: CompuGroup Medical AG / Key word(s): Quarter Results
CompuGroup Medical AG First Quarter Results 2013
03.05.2013 / 08:40
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CompuGroup Medical AG First Quarter Results 2013
Koblenz - May 3, 2013: CompuGroup Medical AG today presented the financial
report for the first quarter of 2013. The company, one of the leading
global providers of eHealth solutions, achieved revenue of EUR 113.5
million, compared to EUR 112.6 million in the first quarter 2012. Earnings
per share increased from EUR 0.17 last year up to EUR 0.21 for the first
quarter this year.
With this result, it has been a mixed start to the year for CompuGroup
Medical. There is good organic growth in the high margin European AIS
business, but weakness in the US and lower revenue in Communication&Data
inhibit growth for the first quarter.
Consolidated EBITDA amounted to EUR 25.5 million compared to EUR 27.5
million in 2012. The corresponding operating margin was 22 percent compared
to 24 percent in 2012. Cash net income increased 14 percent from EUR 15.3
million in the first quarter 2012 to EUR 17.4 million in the first quarter
2013. The lower operating margin is driven by a higher cost base for 2013
growth initiatives, whereas higher net margin is driven by changes in
foreign exchange rates.
In the HPS I (Health Provider Services I) segment, revenue was EUR 79.5
million compared to EUR 75.9 million in the first quarter of 2012. This
represents an increase of 5 percent, all of which is organic growth. The
European AIS business had a good quarter with 10 percent organic growth
whereas it was a relatively weak quarter in the US with a year-on-year
revenue contraction. In the hospital business (HPS II segment), it has been
a good start to the year with a year-on-year growth of 3 percent, all of
which is organic growth.
The HCS (Health Connectivity Services) business segment decreased from EUR
17.6 million in the first quarter 2012 to EUR 14.5 million in the first
quarter 2013. The significant year-on-year drop in the Communication&Data
business was over all affected by an exceptionally strong first quarter in
the previous year as well as by new guidelines for the certification of
physician's software in Germany.
Frank Gotthardt, CEO and Chairman of the Board of CompuGroup Medical AG,
stated: 'We delivered lower than anticipated revenue and profitability for
the first quarter 2013. Despite this start, the on-going growth initiatives
have produced an improved order backlog compared to the last year and a
significant pipeline of opportunities. With the solid performance of our
European AIS business and a gradual improvement expected over the remaining
three quarters of 2013, we reconfirm our commitments for the full year.'
CompuGroup Medical reaffirms the full year 2013 guidance presented in the
2012 Annual Report. Group revenue is expected to be in the range of EUR 470
million to EUR 490 million and operating income (EBITDA) is expected to be
in the range of EUR 115 million to EUR 125 million.
Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical AG will go through the Q1
results at a conference for analysts and investors today at 15:00 hours
CET.
You can participate in this conference call by dialing one of the following
phone numbers:
+49 (0) 69 2 10 86 97 03 (Germany)
+44 (0) 16 16 01 89 02 (UK)
+1 (0) 21 53 05 44 95 (USA)
Participant code: 18 56 12 70
A presentation will be made available for download on the CompuGroup
Medical website at www.cgm.com. The presentation can also be viewed live at
https://compugroup.webex.com.
About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies in the world.
Its software products are designed to support all medical and
organizational activities in doctors' offices, pharmacies, laboratories 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. CompuGroup Medical's services
are based on a unique customer base of over 385,000 doctors, dentists,
hospitals, pharmacies and networks as well as other service providers. With
locations in 19 countries and customers in 34 countries worldwide,
CompuGroup Medical is the eHealth company with one of the highest coverage
among eHealth service providers. Approximately 3,600 highly qualified
employees support customers with innovative solutions for the steadily
growing demands of the healthcare system.
Contact for media representatives:
CompuGroup Medical AG
Meike Stärke
Consultant Press&Media
P +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100
e-mail: press(at)cgm.com
End of Corporate News
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03.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: CompuGroup Medical AG
Maria Trost 21
56070 Koblenz
Germany
Phone: +49 (0)261 8000 6200
Fax: +49 (0)261 8000 3200
E-mail: investor(at)cgm.com
Internet: www.cgm.com
ISIN: DE0005437305
WKN: 543730
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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209557 03.05.2013
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Datum: 03.05.2013 - 08:40 Uhr
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