euro adhoc: Curanum AG
Earnings Forecast
CURANUM plans 0.45 Euro per share for 2006 and signs acquisition contract of large-scale laundry

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After taking over the operation of seven care facilities and acquiring a large-scale laundry as of January 1st, 2006, CURANUM AG publishes the key figures planned for 2006.

Sales revenues will be increased to EUR 210.6 million (2005e: EUR 187.8 million), EBITDA shall reach a number of EUR 33.1 million (2005e: EUR 25.6 million), representing an EBITDA margin of 15.7 %. CURANUM plans to raise the expected EBIT for the year 2005 of EUR 19.4 million by around 8 million to EUR 27.4 million, EBIT margin then would increase to 13.0 %. The operator of senior and nursing homes plans to increase the pre-tax profit to EUR 20.4 million, earnings after tax shall be boosted to EUR 13.4 million (2005e: EUR 8.5 million). With a total amount of 29.7 million shares, earnings per share would come in at EUR 0.45.

Today the acquisition contract of the large-scale laundry in Rhineland Palatinate was signed by both parties. The contractors arrived at a price of EUR 1.85 million. The laundry will already start washing CURANUM laundry with the beginning of the New Year 2006.

Munich, December 19, 2005

The Management Board

EUR millions         2005e    2006e yoy
Sales                 187.8    210.6 12.1%
EBITDA                25.6      33.1  29.3%
in % of Sales    13.6%    15.7%
Depreciation      6.2        5.7    -8.1%
EBIT                  19.4      27.4  41.2%
in % of Sales    10.3%    13.0%
Net profit         8.5        13.4  57.6%
EPS (EUR)              0.28      0.45  60.7%

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ots Originaltext: Curanum AG
Im Internet recherchierbar:

Further inquiry note:
Bernd Rothe
Tel.: +49 (0)89 242065-60

Branche: Healthcare Providers
ISIN:      DE0005240709
WKN:        524070
Index:    CDAX, Classic All Share, Prime All Share, SDAX
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Bayerische Börse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bremer Wertpapierbörse (BWB) / free trade

Weitere Meldungen: CURANUM AG

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