CompuGROUP Holding AG

CompuGROUP confirms 2008 financial goals after good first-half results


@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@


Koblenz (euro adhoc) - Contact person:

@@start.t2@@Markus Georgi
                                                                 Head of Investor Relations
                                                                 CompuGROUP Holding AG
                                                                 Telephone: +49 (261) 80 00 1238

CompuGROUP confirms 2008 financial goals after good first-half results

      . Revenues rose 12% in the first six months to EUR 94.2 million
      . At EUR 23.9 million, EBITDA slightly above H1 2007
      . Adjusted EBITDA rose 10.3% to EUR 23.6 million from EUR 21.4 million in H1
      . 100% of Profdoc acquired@@end@@

Koblenz - August 14, 2008: CompuGROUP Holding AG increased revenues by 12%  over the first half of the  previous  year  to  EUR  94.2   million.  Earnings  before interest, tax, depreciation and amortization  (EBITDA)  edged  up  to  EUR  23.9 million. After non-recurring items, EBITDA was EUR 23.6 million (previous  year: EUR 21.4 million). This corresponds to a  10.3%  increase  in  adjusted   EBITDA. Earnings were primarily  held  back  by  planned  personnel   cost  increases  as development, marketing and sales  employees  were recruited  to  build  up  the health insurance business in Germany. These recruitments  have  not  yet  had  a major positive impact on earnings.

Depreciation was up by some EUR 3 million including  EUR  1.7   million  with  no cash impact since  it  relates  to  intangibles   acquired  in  conjunction  with company acquisitions.

As a result of this increase in depreciation and a higher income tax charge  (H1 2007 EUR 3.2 million tax gain,vs. H1 2008 EUR 3.1 million tax  charge)  reported consolidated earnings for the first six months of 2008 fell to EUR 6.8  million, down from EUR 15.3 million in the first half of 2007. Cash Net  Income  amounted to EUR 17.4 million, down from EUR 24.3 million  in  the  first  half  of  2007, which was also boosted by this non-recurring tax gain in 2007.

Frank Gotthardt, Chairman of the Management  Board  of  CompuGROUP   Holding  AG, said: "The first-half came in largely in line with our forecasts. Our  successes in the first half confirm that we are on the  right  path  to  continued  value- based growth. In addition, the acquisition of Profdoc, All for One  and  Fliegel Data  will   yield  considerable  synergies  while    once    again    substantially increasing our capacity for future growth.

Following success of its voluntary  tender  offer,  CompuGROUP  has   managed  to acquire the entire share capital of Profdoc ASA and  is   now  market  leader  in three additional European countries  backed   by  a  customer  database  of  some 330,000 health service providers. CompuGROUP now has by far the  largest  market presence with physicians in Europe.

The  acquisition  of  a  90%  equity  stake  in  All  for  One     Systemhaus    AG significantly bolstered the Group's  position  on   the  German  Rehab  and  Care market. As a result, the Group became   German  market  leader  in  rehab  clinic information systems by quite some margin over other suppliers.

Employees Excluding the Profdoc and All  for  One  acquisitions,   CompuGROUP  employed  on average 1,796 employees worldwide in the first half of 2008, up around 29%  from first half 2007 largely due to acquisitions.


@@start.t3@@Given that the introduction of the health fund in Germany is  currently  causing reluctance among statutory health insurers to  invest,  the  Group  now  expects that sales originally planned for the second half will be postponed.

The Company is also anticipating a  reduction  in  sales  and  earnings  in  the
remainder      of      2008      as        a        result        of        regulatory        changes
(Arzneimittelversorgungswirtschaftlichkeitsgesetz  (AVWG))  which    affect    the
pharmaceutical communications business  line.  In  this  regard,  the  Group  is
expecting to have to make long drawn-out product conversions in order to  comply
with the new regulations.@@end@@

The Group maintains its revised forecast as at 8 July 2008 for  full year  2008 EBITDA of around EUR 50 million and 2008 sales of some EUR 225 million.

Key figures in brief

@@start.t4@@|Major items                                            |06/2008    |06/2007    |
|                                                              |E m          |E m          |
|Consolidated revenues                            |94,188      |84,171      |
|Expenses for goods                                 |-20,216    |-19,319    |
|and services purchased                          |                |                |
|Personnel expenses                                 |-37,385    |-31,760    |
|Other operating expenses                        |-18,464    |-15,572    |
|EBITDA                                                    |23,950      |23,728      |
|in %                                                        |25.43%      |28.19%      |
|EBIT                                                        |10,301      |13,051      |
|in %                                                        |10.94%      |15.51%      |
|EBT                                                         |9,899        |12,085      |
|in%                                                         |10.51%      |14.36%      |
|Consolidates net income for the period |6,770        |15,339      |
|in%                                                         |7.19%        |18.22%      |
|Earnings per share (in E)                      |0.13         |0.32         |
|Cash Net Income*                                    |17,433      |24,293      |
|in%                                                         |18.51%      |28.86%      |
|Cash Net Income per share (in E)          |0.33         |0.51         |
|Cash flows                                              |                |                |
|from operating activities**                  |9,171        |20,444      |
|from investing activities                      |-96,371    |-32,392    |
|from financing activities                      |80,372      |109,711    |
|Capital investments                                |103,022    |34,205      |
|in intangible assets                              |940          |29,252      |
|Capitalized software                              |2,338        |2,469        |
|In fixed assets                                      |5,290        |2,484        |
|In acquisitions of new companies          |94,454      |0              |
|Depreciation and Amortization                |13,649      |10,677      |
|of intangible assets                              |10,663      |8,954        |
|of capitalized software                         |1,546        |520          |
|of tangible assets                                 |1,440        |1,203        |
|Sharoholders' Equity                              |179,259    |192,258    |
|in %                                                        |44.47%      |0.55         |
|Balance sheet total                                |403,063    |350,638    |
|                                                              |                |                |
|*Cash Net Income: Profit for the period before minority         |
|interests and depreciation on intangible assets with the        |
|exception of depreciation on capitalized software.                 |
|** 2008 cashflows from operating activities are sharply lower|
|due to a EUR 12.1 million payment in advance on the purchase |
|of All for one.                                                                         |

Teleconference for journalists, investors and analysts.

CompuGROUP  invites  you  to  a  teleconference  for  analysts,  investors    and journalists today, August 14, at 2 pm Frankfurt local time (1 pm London time). Frank Gotthardt, the Chairman of the Management Board, Dr  Erik  Massmann,  CFO, und Jan Broer, Member of the Management Board responsible for the  HCS  Segment, will give detailled insight into the six-month  figures  and  be  available  for questions.

Use the following dial-in numbers to participate in the teleconference:

+49 (0) 69 2222 2246      (Germany)
+44 (0) 20 7138 0837      (London)
+1 718 354 1172              (USA)

A recording of the teleconference will be available about 30 minutes  after  its completion and remain so for an additional 5 days.

In this case, please call:

+49 (0) 69 22222 0418  (Germany)
+44 (0) 20 7806 1970    (London)
+1 718 354 1112            (USA)

Replay Passcode: 7627641#

A presentation will be made available at the beginning of the teleconference  on the CompuGROUP website at

About CompuGROUP Holding AG CompuGROUP is one of the leading  E-health  companies  worldwide.  Its  software@@end@@

products, designed to support  all  medical  and  organisational   activities  in doctors' surgeries and hospitals, its  information   services  for  all  involved parties within the healthcare system and its web-based personal  health  records contribute  towards  safer   and  more  efficient  healthcare.  The  services  of CompuGROUP are centred on its unique customer base of  around  330,000  doctors, dentists,  hospitals,  associations  and  networks  as  well  as   other  service providers. CompuGROUP is the eHealth company with  the biggest  coverage  among

@@start.t5@@eHealth service  providers  worldwide.  The  company  operates  in  14  European
countries            and            currently            employs            around              2,500

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ots Originaltext: CompuGROUP Holding AG
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Further inquiry note:
Markus Georgi
Tel.: +49(0)261-8000 1238

Branche: Software
ISIN:      DE0005437305
WKN:        543730
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: CompuGROUP Holding AG

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