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EANS-News: CompuGroup Medical AG - Third Quarter Results 2010

Geschrieben am 17-11-2010


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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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quarterly report

Koblenz (euro adhoc) - November 17, 2010: CompuGroup Medical AG today
presented the financial report for the third quarter of 2010. The
company, one of the leading global providers of eHealth solutions,
achieved revenue of EUR 75.6 million, up from EUR 70.1 million in the
third quarter 2009. Operating profit (EBITDA) came in at EUR 18.0
million, an increase of 12 percent compared to the same period of
2009. Cash net income increased 8 percent from EUR 11.4 million in
the third quarter 2009 to EUR 12.3 million in the third quarter 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. Again, it is the
strong performance of the HPS (Health Provider Services) business
segment that drives the business forward. In this segment, revenue
was EUR 59.8 million compared to EUR 53.2 million in the third
quarter of 2009. The high margin Ambulatory Information Systems (AIS)
business continues to grow strongly at 19 percent of which 14 percent
is organic growth at constant exchange rates.

CompuGroup Medical made further progress during the reporting period
to develop its business in the US. In August, CompuGroup Medical
entered into an agreement for the purchase of 100% of the shares in
Visionary Healthware Group. Visionary Healthware serves an impressive
customer base that spans the United States, covering healthcare
organizations, physicians´ offices and laboratories. The company was
ranked #71 in the 2009 Healthcare Informatics Top 100 Healthcare
Information Technology Companies list and has 200 employees.

This acquisition comes at a particularly exciting time in USA with
the Healthcare Information Technology Economic and Clinical Health
Act (HITECH) providing almost $20 billion to healthcare information
technology aimed at Visionary´s customer group. With 10,000 closely
served doctors and a total network of doctors estimated at up to
60,000 (including the LIS, managed care consulting and RCM business),
there are significant and untapped cross-selling opportunities in
Visionary Healthware Group based on the HITECH stimulus.

Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG,
stated: "With Visionary and Noteworthy combined, we now serve 15,000
doctors in the US, and we are excited about the prospects of helping
these doctors achieve meaningful use under the HITECH act and also to
be part of the transformation of US healthcare based on electronic
health records. With this infrastructure in place, the introduction
of CompuGroup Medical´s solutions for Software Assisted Medicine can
begin also in the largest healthcare economy in the world, namely the
United States."

While forcefully moving into the US market, CompuGroup Medical
continues to develop its business relationship with the health
insurance funds in Germany. With the contracts signed during the
third quarter CompuGroup Medical now covers a population of almost 10
million with the product "smart-Xchange", a system to safely and
systematically improve measures to drive higher levels of drug
substitution to save care costs without sacrificing care quality.

CompuGroup Medical adjusts the revenue outlook for the full year 2010
to be in the range of EUR 315 million to EUR 330 million, including
revenue from Visionary Healthware. Operating income (EBITDA) is
expected to be in the range of EUR 67 million to EUR 73 million which
represents no change from previous guidance.

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
370,000 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 3,000
people.

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. 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 Müller

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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