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EANS-News: CompuGROUP Holding AG - First Quarter Results 2010

Koblenz (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
3-month report
CompuGROUP Holding AG today presented the
financial report for the first quarter of 2010. The company, one of 
the leading global providers of eHealth solutions, achieved revenue 
of EUR 69.3 million, an increase of 7 percent compared to the same 
period of 2009. Operating profit (EBITDA) came in at EUR 12.6 
million, up from EUR 11.9 million in the first quarter of 2009. Cash 
net income increased from EUR 7.3 million in the first quarter 2009 
to EUR 7.5 million in the first quarter 2010, corresponding to a Cash
net income per share of 15 Cent (Q1/2009: 14 Cent). The quality of 
earnings is strong with an operating cash flow of EUR 31.0 million, 
almost double the amount of the first quarter last year.
With this result, CompuGROUP Holding AG continues its strategy and 
growth based on the greatest coverage among healthcare providers 
(physicians, dentists, hospitals etc.) worldwide. In the HPS (Health 
Provider Services) business segment, revenue was EUR 55.3 million 
compared to EUR 47.4 million in the first quarter of 2009. This 
represents an increase of 17 percent. In the HCS (Health Connectivity
Services) business segment, special market conditions affected sales 
during the first quarter of 2010 resulting in revenue of EUR 13.9 
million compared to EUR 16.1 million in the first quarter of 2009.
It should be noted that the first quarter results include a one-off, 
non-cash, loss on sale of shares in medi cine medienproduktions GmbH 
of EUR 0.5 million. Also, the business of Innomed Gesellschaft für 
medizinische Softwareanwendungen GmbH, Austria, is not consolidated 
for the first quarter (pro-forma figures: Revenue EUR 1.3 million, 
EBITDA EUR 0.6 million). Retroactive consolidation from 01.01.2010 
expected beginning with the second quarter report when transaction 
closing is complete.
CompuGROUP also made further progress during the reporting period to 
develop its business relationship with the health insurance funds in 
Germany. A successful first implementation of the product "Smart 
Exchange" was performed for one statutory health insurance company 
during the first quarter. Smart Exchange is a system to safely and 
systematically drive higher levels of generic substitution to save 
care costs without sacrificing care quality. The two existing 
diabetes management pilots, including the AV+ pilot with AOK Hessen 
that has been operating since 2007, have continued unchanged during 
the first three months of 2010. There is a good pipeline for 
additional diabetes management contracts both in new regions and with
new health insurance companies. In total, a positive trend within 
Workflow & Decision Support is expected in the coming quarters of 
2010.
Frank Gotthardt, Chairman of the Board of CompuGROUP Holding AG, 
stated: "Growth and profit for the first quarter this year do not 
reflect the growth- power we predict for the total year 2010, but 
fully comply with our internal planning for the course of the year. 
Not least, the strong order booking reaffirms our expectations for 
the business development in the upcoming quarters."
CompuGROUP reaffirms the guidance for 2010 presented in the Annual 
Report 2009:
Revenue is expected to be in the range of EUR 315 million to EUR 330 
million. Operating income (EBITDA) is expected to be in the range of 
EUR 67 million to EUR 73 million.
About CompuGROUP Holding AG CompuGROUP 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 are based on its unique customer base of around 360,000
doctors, dentists, hospitals and networks as well as other service 
providers. CompuGROUP is the e-Health company with the biggest 
coverage among e-health service providers worldwide. The company 
operates in 14 European countries, Malaysia, Saudi Arabia, South 
Africa and in the USA and currently employs around 2,800 people.
Conference Call for Journalists, Investors and Analysts: The 
management board of CompuGROUP Holding AG will go through the Q1 
results at a conference for analysts and investors today at 15:00 
hours CEST. The conference will be broadcast live via telephone (see 
the following list of telephone numbers). Its recording can be 
replayed later.
You can participate in this conference call by dialing one of the 
following phone numbers: +49 69 210869703 (Germany) +44 16 16018902 
(UK) +1 2153054495 (USA) Participant code: 18561270
At the beginning of the conference call, a presentation will be made 
available for download on the CompuGROUP website at 
www.compugroup.com. The presentation can be viewed live at 
https://compugroup.webex.com.
end of announcement                               euro adhoc

Further inquiry note:

Barbara Zörner
Tel.: 0261-8000 1293
E-Mail: bzo@compugroup.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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