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Marseille-Kliniken AG

euro adhoc: Marseille-Kliniken AG
Financial Figures/Balance Sheet
- Turnover increase in first half-year 2008/2009 to EUR 116.8 million - Both segments generating positive contributions to income - Positive development in occupancy expected for ...

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
10.02.2009
Berlin, 10 February 2009. Marseille-Kliniken AG was able to continue 
to increase operating turnover in the first half of the current 
financial year (1 July 2008 - 31 December 2008) by 4.2 % to EUR 116.8
million (previous year: EUR 112.1 million). As expected Group net 
income after minority interest fell from EUR 12.1 million to EUR 1.0 
million as a result of one-time effects (EUR 11.9 million) incurred 
in the previous year. This translates into earnings per share of EUR 
0.08 compared to EUR 1.00 in the previous year. EBIT/IFRS amounted to
EUR 4.2 million as planned after EUR 12.5 million including one-time 
effects in the previous year. EBITDAR/IFRS reached EUR 31.7 million, 
previously EUR 37.0 million. Equity amounted to EUR 80.8 million 
after EUR 84.5 million in the previous year. The equity ratio 
increased to 35.5 % (previous year: 33.8 %), while net debt dropped 
slightly from EUR 66.4 million to EUR 65.9 million.
The drop in results according to German Commercial Code can be mainly
attributed to an extraordinary gain in the previous year, which back 
then consisted of EUR 4.9 million from the corporation tax reform 
2008 as well as EUR 8.1 million from the sale of a real estate asset.
These and similar one-time effects were not recorded in the period 
under review.
Adjusted earnings according to DVFA/SG (IFRS) reached EUR 6.6 million
in the previous period and dropped slightly in the period under 
review to EUR 6.2 million. Per share this amounts to EUR 0.51 
(previous year: EUR 0.54). This was mainly attributable to increased 
costs for securing heating oil prices, higher expenses for personnel 
recruitment as well as audit costs. Adjusted EBITDAR increased from 
EUR 31.5 million in the previous year to EUR 32.7 million, while 
adjusted EBIT came in at EUR 9.0 million in the period under review 
after EUR 10.0 in the previous year. At group level occupancy 
continued at high levels, with capacity being increased by 200 beds. 
Occupancy for the 9,100 beds reached 92.4 % (previous year: 92.5 % at
8,899 beds). Adjustments are mainly due to start up expenses for 
seven Care facilities with currently 781 beds (8.6 % of capacity) as 
well as four facilities, which are not yet operational, and a medical
centre in the Rehabilitation segment only taken over in mid 2008.
Capacity in the Care segment increased from 7,616 beds to 7,771 beds 
in the period under review. Turnover in the segments increased from 
EUR 86.8 million in the previous year to EUR 90.5 million. Earnings 
according to DVFA/SG (IFRS) reached EUR 5.1 million (previous year: 
EUR 6.6 million) were negatively impacted by expenses for securing 
heating oil prices, personnel recruitment costs and audit costs. 
Including the Düsseldorf and Potsdam facilities occupancy in Care 
came in at 92.7 % after 93.6 % in the previous year.
The segment Rehabilitation developed very positively. In the period 
under review its capacity increased slightly to 1,329 beds (previous 
year: 1,283 beds) on the back of commissioning more beds in 
Schömberg. Turnover generated increased from EUR 25.4 million in the 
previous year to EUR 26.3 million. Earnings according to DVFA/SG 
(IFRS) improved to EUR 1.1 million after previously breaking-even. 
Restructuring measures continue to be successful and occupancy at the
segment improved from 89.1 % to 92.5 %.
As a result, Marseille-Kliniken AG continues to be heading towards 
the set targets. The company is on a sound track which is almost 
untouched by the currently difficult economic situation. This will 
allow further sustained growth and at the same time means that the 
company can make reliable plans for the development of its business. 
We are expecting to see improvements in occupancy levels in Care, 
while Rehabilitation will sustain its high occupancy levels. In Q3 
Marseille-Kliniken will continue to benefit from falling start-up 
expenses, which will have a positive impact on future quarterly 
results. Tapping cost-saving potential in the current financial year 
is to bring about a further improvement in profitability. Against 
this backdrop, the Management Board is maintaining its growth 
forecast of a 6.5 % average for the current and the next financial 
year as well as EBIT return of at least 7 % for the current financial
year.
For more detailed information, please visit the website
www.marseille-kliniken.com to read the half-year report.
End of ad hoc release
end of announcement                               euro adhoc

Further inquiry note:

Marseille-Kliniken AG
Axel Hölzer
CEO
Alte Jakobstraße 79/80
10709 Berlin
Germany
Tel.: +49 30 / 246 32-400
Fax: +49 30 / 246 32-401
www.marseille-kliniken.com

Hillermann Consulting
Christian Hillermann
Investor Relations for Marseille-Kliniken AG
Poststraße 14/16
20354 Hamburg
Germany
Tel.: +49 40 / 320 279 10
Fax: +49 40 / 320 279 114
www.hillermann-consulting.de

Branche: Pharmaceuticals
ISIN: DE0007783003
WKN: 778300
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hamburg / regulated dealing

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