EANS-Adhoc: CURANUM AG / Pleliminary results for the 2011 financial year

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Preliminary results 2011

15.02.2012

Today the Management Board of Curanum AG has prepared the
consolidated financial statements for the 2011 financial year, which
remain preliminary until certification by the auditor, and approval
by the Supervisory Board. The following are the key points of the
financial statements that have been prepared using International
Financial Reporting Standards (IFRS):

Positive revenue trends

In the 2011 financial year consolidated revenue rose by EUR 9.1
million to reach EUR 265.9 million. A higher occupancy of our
residential homes and the opening of two homes in 2010 and 2011
contributed EUR 5.5 million to this increase, the six institutions
acquired from the GWA group contributed EUR 3.6 million.

Slightly improved operating trends

The Curanum Group reported EBITDA of EUR 27.0 million before one-off
effects (previous year: EUR 26.3 million). The increase of earnings
of the established institutions of EUR 2.8 million and of the new
institutions of GWA of EUR 0.4 million is opposed by central up-front
costs of EUR 2.5 million.

Earnings marked by one-off effects

Earnings before interest and tax (EBIT) before impairment add up to
EUR 14.1 million (previous year: EUR 9.5 million). The annual
financial statement is marked by extraordinary adjustments of value
adding up to EUR 22.2 million (previous year: EUR 16.5 million).
Source for this were primarily the agreed measures relating to
reorganization concepts concerning real estates. Consequently
earnings after tax of minus EUR 12.9 million (previous year: minus
EUR 15.8 million) are reported.

Improved financial figures

Cash flow of the CURANUM Group added up to EUR 5.3 million. The
inflow of cash from operating activities adding up to EUR 19.9
million was slightly higher than the average of the past years.
Consequently net financial dept decreased by about a fifth now
amounting to EUR 51 million. This means a ratio of 108% between net
financial dept and equity (previous year: 125%).

Munich, February 15, 2012
The Management Board

Further inquiry note:
Caroline Lutz
Tel.: + 49 89 242065 0
E-Mail: ir@curanum.de

end of announcement euro adhoc
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issuer: CURANUM AG
Engelbertstraße 23-25
D-81241 München
phone: +49 (0)89 242065 60
FAX: +49 (0) 89 242065 10
mail: info@curanum.de
WWW: http://www.curanum.de
sector: Healthcare Providers
ISIN: DE0005240709
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated
dealing: München, regulated dealing/prime standard: Frankfurt
language: English