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CompuGroup Medical AG

EANS-News: Preliminary 2010 full year results announced

Koblenz (euro adhoc) -

The Koblenz-based medical software company grew revenues by 7% up to 
313 million euros and increased EBITDA margins
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Subtitle: The Koblenz-based medical software company grew revenues by
7% up to 313 million euros and increased EBITDA margins
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

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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