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09. November 2016, Koblenz

CompuGroup Medical SE Third Quarter Results 2016

CompuGroup Medical SE today presented the financial report for the third quarter of 2016. The company, one of the leading global providers of eHealth solutions, achieved revenue of EUR 136 million compared to EUR 126 million in the same period last year. This corresponds to 8 percent growth of which 7 percent is organic growth. The operating profit (EBITDA) reached EUR 28 million compared to EUR 21 million in the third quarter 2015. The corresponding operating margin was 21 percent compared to 17 percent in 2015.

The third quarter marked a solid rebound in the areas of pharmacy and hospital software, with both areas showing double digit year-on-year organic growth. In the pharmacy sector, the growth initiatives launched in June had a significant positive impact over the summer period and revenue from hardware, software and services rebounded strongly. In the hospital space, the main markets in Austria, Switzerland and Germany are performing well based on a good backlog of already contracted project revenue.

For the first nine months combined, revenue continues to steadily grow and reached EUR 407 million. Profitability in the nine month period is two percentage points higher than last year and drives a 13 percent increase in EBITDA up to EUR 89 million.

Frank Gotthardt, CEO and Chairman of the Board of CompuGroup Medical SE, stated: “The third quarter of 2016 has done well for our full-year goals. More importantly, we have now begun the first phase testing for the roll-out of all the technology and components we have developed for the coming German Telematics Infrastructure and from the current status, we expect to be ready to begin the nationwide roll-out in the second quarter of 2017. It will be tight but it is still our goal and it is still possible to complete the nationwide roll-out by July 2018 as is required by the eHealth law.”

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.

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