DGAP-News: CompuGroup Medical AG: CompuGroup Medical reports third quarter 2013 results
(firmenpresse) - DGAP-News: CompuGroup Medical AG / Key word(s): Quarter Results
CompuGroup Medical AG: CompuGroup Medical reports third quarter 2013
results
20.11.2013 / 06:08
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CompuGroup Medical reports third quarter 2013 results
Koblenz - November 20, 2013: CompuGroup Medical AG today presented the
financial report for the third quarter of 2013. The company, one of the
leading global providers of eHealth solutions, achieved revenue of EUR
111.4 million, compared to EUR 107.4 million in the third quarter 2012.
This represents an increase of 4 percent. Consolidated EBITDA amounted to
EUR 25.3 million, which is at the same level as last year.
The doctor and dental software business in Europe had a good third quarter
with 9 percent year-on-year organic growth at constant exchange rates. The
pharmacy software business also performed well, with product sales and
order bookings reaching record highs at the Expopharm trade fair in Germany
and the first time revenue contribution from the newly acquired pharmacy
software business in Italy. Year-on-year organic growth in the hospital
business was 7 percent, which is a significant improvement compared to the
first half of the year.
For the business in the United States, the trend with declining revenue
seen at the beginning of the year continued in the third quarter. On a
positive note, the sales and order bookings in the United States were
higher in the third quarter compared to the same period last year. As
expected in Health Connectivity Services, changes in the regulatory
environment in Germany reduced revenue in the third quarter by 4 percent
compared to last year.
In terms of operating profit, consolidated EBITDA amounted to EUR 25.3
million compared to EUR 25.6 million in 2012. The operating margin of 23
percent was one percent point lower than last year.
'In the third quarter this year we have restored the profitability level
achieved last year and we will continue to work hard to further improve our
growth and earnings power in the coming periods', stated Frank Gotthardt,
CEO and Chairman of the Board of CompuGroup Medical AG.
CompuGroup Medical reaffirms the 2013 outlook presented in the financial
report for the second quarter 2013 with full year group revenue expected to
be in the range of EUR 458 million to EUR 463 million and operating income
(EBITDA) expected to be in the range of EUR 97 million to EUR 100 million.
Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical AG will go through the Q3
results at a conference for analysts and investors today at 12:00 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 35 countries worldwide,
CompuGroup Medical is the eHealth company with one of the highest coverage
among eHealth service providers. Approximately 3,700 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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20.11.2013 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
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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240744 20.11.2013
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Datum: 20.11.2013 - 06:08 Uhr
Sprache: Deutsch
News-ID 318443
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