DGAP-News: CompuGroup Medical SE First Quarter Results 2016
DGAP-News: CompuGroup Medical SE / Key word(s): Quarter Results
CompuGroup Medical SE First Quarter Results 2016
04.05.2016 / 08:03
The issuer is solely responsible for the content of this announcement.
Koblenz - May 4, 2016: CompuGroup Medical SE today presented the financial report for the first quarter of 2016. The company, one of the leading global providers of eHealth solutions, achieved revenue of EUR 135.2 million, an increase of 2 percent compared to the same period in 2015. The operating profit (EBITDA) increased 10 percent and reached EUR 31.2 million.
With this result, it has been a good start to the year for CompuGroup Medical. The first quarter showed strong performance in the Health Connectivity Services segment and other high margin business areas, which lead to a solid group-wide margin increase of almost 2 percentage points.
Several positive operational developments also took place during the quarter, with special attention being made to the strategic electronic health card and Telematics Infrastructure pilot project in Germany. At the Berlin trade fair conhIT in April, CGM showed live for the third time the insured master data update (VSDM) based on the new electronic health card. With another official real-life demonstration of all required hardware and software components fully functional, CGM again showed its readiness for a successful rollout to test the Telematics Infrastructure in in the pilot region North / West.
Frank Gotthardt, CEO and Chairman of the Board of CompuGroup Medical SE, stated: "The start of 2016 was another strong delivery of our connectivity services - our HCS segment. Not only is HCS the most scalable part of our business, it is also the one where CGM can make the largest contribution to healthcare in general. Through these services we can solve many of the fundamental challenges of modern healthcare and I can only remain optimistic and enthusiastic about our future prospects when I see the potential that lies within CGM innovations such as medical value communication and our CGM Life technology recently shown as the fundament for advanced membership services for private health insurance."
CompuGroup Medical reaffirms the full year 2016 guidance presented in the 2015 Annual Report. Group revenue is expected to be in the range of EUR 560 million to EUR 570 million and operating income (EBITDA) is expected to be in the range of EUR 125 million to EUR 133 million.
Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical SE will go through the Q1 results at a conference for analysts and investors today at 15:00 hours CEST.
You can participate in this conference call by dialing one of the following phone numbers:
+49 69 2 10 86 97 03 (Germany)
+44 16 16 01 89 02 (UK)
+1 86 69 10 29 03 (USA)Participant code: 18 56 12 70
A presentation will be available for download on www.cgm.com/investor-relations prior to the conference call and can also be viewed live at: www.cgm.com/onlinepresentation.
About CompuGroup Medical SE
CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of more than EUR 500 million, its software products are designed to support all medical and organizational activities in doctors' offices, pharmacies, laboratories 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. CompuGroup Medical's services are based on a unique customer base of approximately 400,000 doctors, dentists, pharmacists and other service providers in inpatient and outpatient facilities. With locations in 19 countries and products in more than 40 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 4,300 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.
Contact for media representatives:
CompuGroup Medical SEOliver Bruzek
Chief Communication Officer
P +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100
E-mail: press@cgm.com
04.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language:
English
Company:
CompuGroup Medical SE
Maria Trost 21
56070 Koblenz
Germany
Phone:
+49 (0)261 8000 6200
Fax:
+49 (0)261 8000 3200
E-mail:
investor@cgm.com
Internet:
www.cgm.com
ISIN:
DE0005437305
WKN:
543730
Indices:
TecDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX
End of News
DGAP News Service
460659 04.05.2016