EANS-News: Preliminary 2010 full year results announced
Geschrieben am 04-02-2011 |   
 
 The Koblenz-based medical software company grew revenues by 7% up to  
313 million euros and increased EBITDA margins 
 
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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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Company Information 
 
Subtitle: The Koblenz-based medical software company grew revenues by 
7% up to 313 million euros and increased EBITDA margins 
 
Koblenz (euro adhoc) - February 04, 2011: Today CompuGroup Medical  
reported preliminary fourth quarter and full fiscal year 2010  
results. With revenues of 313 million euros and earnings before  
taxes, depreciation and amortization (EBITDA) of 67 million euros,  
the Koblenz-based CompuGroup Medical AG, who specializes in the  
healthcare information technology sector (HIT), continues to grow its 
business volume, this year with 7 percent. With increasing operating  
margin, the full year cash net income increased 25 percent from 35  
million euros in 2009 to 44 million euros in 2010. 
 
With approximately 3,300 employees in 25 countries, CompuGroup  
Medical develops ambulatory (AIS) and hospital information systems  
(HIS), Web based electronic health record services and very effective 
and most secure connectivity solutions for all participants in the  
healthcare system. 2010 marked another year of growth and CFO  
Christian B. Teig could announce a revenue increase of 7 percent and  
14 percent growth in operating profit up to 67 million euros in 2010. 
 
"We are satisfied with the results for 2010 even if revenue came in  
slightly lower than expected. Underneath our reported results lies a  
tremendous amount of work which not only carried us forward last year 
but which will also propel us stronger into this year. With the  
progress we have made in our operations and business development we  
are confident that the organic growth rate will increase in 2011 with 
the newly acquired companies adding further to our expansion." 
 
For the 4th quarter isolated, CompuGroup Medical reached another set  
of record results, with revenue of 91.2 million euros and EBITDA of  
20.7 million euros. It is the performance of the HPS (Health Provider 
Services) business segment that drives the business forward. In this  
segment, revenue was 72.7 million euros compared to 65.5 million  
euros in the fourth quarter of 2009. Revenue in the HCS (Health  
Connectivity Services) segment also increased, going from 18.0  
million euros in the 4th quarter of 2009 to 18.6 million euros in  
2010. 
 
"I am happy about the growth of our business and the performance of  
our employees," said Frank Gotthardt, Founder and Chief Executive  
Officer. "We also closed 2010 with a series of exciting acquisitions  
that will bring us additional exciting new opportunities. This gives  
us a flying start to the new year on top of all the exciting plans we 
have to grow our existing business." For 2011 CompuGroup Medical  
expects revenue between 395 and 420 million euros and operating  
profit (EBITDA) between 86 and 93 million euros. CGM´s Annual Report  
including full year 2010 audited financials will published on 24  
March 2011. 
 
Note: All figures are preliminary and unaudited. 
 
Conference Call for Journalists, Investors and Analysts: The  
management board of CompuGroup Medical AG will go through the results 
at a conference for analysts and investors today at 15:00 hours CET.  
The conference will be broadcast live via telephone (see the  
following list of telephone numbers). 
 
To participate in this conference please dial one of the following  
phone numbers: 
 
+49 69 2 10 86 97 03 (Germany) 
+44 16 16 01 89 02 (UK) 
+1 21 53 05 44 95 (USA) 
Participant code: 18561270 
 
A presentation will be available for download on www.cgm.com prior to 
the conference call and can also be viewed live at:  
https://compugroup.webex.com/ 
 
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  
one of the biggest coverage among ehealth service providers  
worldwide. The company operates in 18 European countries as well as  
in Brazil, Chile, Malaysia, Morocco, Saudi Arabia, South Africa and  
in the USA and currently employs around 3,300 people. 
 
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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weitere Artikel: 
- EANS-News: CompuGroup Medical gibt vorläufiges Ergebnis 2010 bekannt Koblenzer Medizinsoftware-Unternehmen mit Umsatzsteigerung um 7% auf  
313 Mio. Euro und gestiegener EBIDTA-Marge 
 
-------------------------------------------------------------------------------- 
  Corporate News übermittelt durch euro adhoc. Für den Inhalt ist der 
  Emittent/Meldungsgeber verantwortlich. 
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Utl.: Koblenzer Medizinsoftware-Unternehmen mit Umsatzsteigerung um  
7% auf 313 Mio. Euro und gestiegener EBIDTA-Marge 
 
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