Tous Actualités
Suivre
Abonner Korian Deutschland AG

Korian Deutschland AG

EANS-Adhoc: CURANUM AG
Figures Q2-2009/ HY1 2009

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
6-month report/Figures Q2-2009 / HY1 2009
13.08.2009
Ad hoc announcement
Second-quarter revenue within budget
CURANUM AG, Munich, achieved revenue of EUR 64.3 million in the 
second quarter of 2009. This represents an increase of 0.9% compared 
with the previous year's EUR 63.7 million. The revenue included 
income of EUR 0.5 million from our new senior citizens care facility 
of Scheffelhof in Bad Dürrheim. In addition, occupancy in May 2009 
was slightly above the previous year levels. Revenue in the first 
half of 2008 totaled EUR 127.5 million, and consequently dipped 
slightly by 0.1% to EUR 127.4 million.
Despite the EUR 0.4 million rise in personnel costs, operating 
earnings before rental expenses (EBITDAR) were maintained at EUR 20.2
million in the second quarter of 2009 (previous year: EUR 20.2 
million), which corresponds to an EBITDAR margin of 31.4%. Earnings 
before interest, tax, depreciation and amortization (EBITDA) fell 
from EUR 6.8 million in the previous year to EUR 6.2 million in the 
second quarter of 2009 as a result of further rental indexation 
adjustments. At EUR 2.4 million, depreciation and amortization in the
current reporting period was identical to that of the previous year. 
Earnings before interest and tax (EBIT) fell from EUR 3.8 million 
(previous year: EUR 4.5 million) and earnings after tax reduced by 
EUR 0.6 million from EUR 1.7 million in the second quarter of 2008 to
EUR 1.1 million in the second quarter of 2009. As a result, earnings 
per share (EPS) were down from EUR 0.05 to EUR 0.03 in the second 
quarter of 2009 compared to the previous year.
Compared with the first half of 2008, the net financial result 
improved by 8.3%, from minus EUR 4.8 million as of June 30, 2009 to 
minus EUR 4.4 million as of June 30, 2008. The after-tax result 
amounted to EUR 2.2 million (previous year: EUR 3.8 million), and 
earnings per share (EPS) totaled EUR 0.07, following EUR 0.12 in the 
previous year.
Cash flow from operating activities in the first half of the current 
financial year amounted to EUR 8.7 million, and, despite the lower 
operating result, was only slightly below cash flow in the comparable
period of the previous year (EUR 9.0 million).
As a consequence of the dividend payment, the repurchases of own 
shares, and additions to earnings-neutral provisions for 
interest-rate hedging transactions, equity fell from EUR 64.1 million
as of December 31, 2008 by a total of EUR 1.7 million to EUR 62.4 
million at the end of the second quarter of 2009. Consequently, the 
equity ratio was 26.5% (previous year: 26.7%).
For the second half of 2009, we continue to anticipate a tough 
competitive environment, characterized by numerous new openings, 
restrictive care rate negotiations, and the continuation of difficult
financing conditions. Due to the high supply of care facilities 
available for sale, accompanied by low level of purchasing demand, we
expect that purchase prices will tend to fall. In view of this 
situation, we are highly confident that we will be able to exploit 
attractive opportunities.
Munich, August 13, 2009
The Management Board
|Key figures IFRS as of June 30, |         |         |         |         |
  |
|2009                            |         |         |         |         |
  |
|                       |        |         |         |         |         |
  |
|mil. EUR                 |Q2 -    |Q2 - 2008|HY 1/2009|HY 1/2008|Q1 - 2009|Q1 -
2008|
|                       |2009    |         |         |         |         |
  |
|Sales                  |64.3    |63.7     |127.4    |127.5    |63.1     |63.7
  |
|EBITDAR                |20.2    |20.2     |40.4     |41.9     |20.2     |21.7
  |
|EBITDA                 |6.2     |6.8      |12.6     |14.7     |6.4      |7.9
  |
|Depreciation           |2.4     |2.4      |4.8      |4.7      |2.4      |2.3
  |
|EBIT                   |3.8     |4.5      |7.8      |10.0     |4.0      |5.5
  |
|Financial result       |-2.1    |-2.3     |-4.4     |-4.8     |-2.3     |-2.5
  |
|EBT                    |1.7     |2.2      |3.4      |5.3      |1.7      |3.0
  |
|Net profit             |1.1     |1.7      |2.2      |3.8      |1.1      |2.1
  |
|                       |        |         |         |         |         |
  |
|Cash Flow              |6.1     |4.9      |8.7      |9.0      |2.6      |4.1
  |
|                       |        |         |         |         |         |
  |
|                                                             |
|                                                             |
end of announcement                               euro adhoc

Further inquiry note:

Bettina Pöschl
Tel. +49(0)89-242065-69
E-Mail: bettina.poeschl@curanum.de

Branche: Healthcare Providers
ISIN: DE0005240709
WKN: 524070
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / regulated dealing

Plus de actualités: Korian Deutschland AG
Plus de actualités: Korian Deutschland AG
  • 05.08.2009 – 15:59

    EANS-News: CURANUM AG / New CFO at CURANUM

    Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. companies/New CFO at CURANUM München (euro adhoc) - [pic] Press release New CFO at CURANUM The Supervisory Board of CURANUM AG, Munich, one of the largest private care facility operators in Germany, has appointed Judith Barth (38) as the company's new CFO with immediate ...

  • 15.05.2009 – 08:32

    EANS-Adhoc: Curanum AG / Results of Q1/ 2009

    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. quarterly report 15.05.2009 Ad hoc announcement CURANUM presents Q1 report: occupancy stable in the first quarter Occupancy across the Group was stable in the first quarter of 2009. Revenue amounted to EUR63.1 ...