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03. May 2013, Koblenz

CompuGroup Medical AG First Quarter Results 2013

Koblenz – May 3, 2013: CompuGroup Medical AG today presented the financial report for the first quarter of 2013. The company, one of the leading global providers of eHealth solutions, achieved revenue of EUR 113.5 million, compared to EUR 112.6 million in the first quarter 2012. Earnings per share increased from EUR 0.17 last year up to EUR 0.21 for the first quarter this year.

With this result, it has been a mixed start to the year for CompuGroup Medical. There is good organic growth in the high margin European AIS business, but weakness in the US and lower revenue in Communication & Data inhibit growth for the first quarter.

Consolidated EBITDA amounted to EUR 25.5 million compared to EUR 27.5 million in 2012. The corresponding operating margin was 22 percent compared to 24 percent in 2012. Cash net income increased 14 percent from EUR 15.3 million in the first quarter 2012 to EUR 17.4 million in the first quarter 2013. The lower operating margin is driven by a higher cost base for 2013 growth initiatives, whereas higher net margin is driven by changes in foreign exchange rates.

In the HPS I (Health Provider Services I) segment, revenue was EUR 79.5 million compared to EUR 75.9 million in the first quarter of 2012. This represents an increase of 5 percent, all of which is organic growth. The European AIS business had a good quarter with 10 percent organic growth whereas it was a relatively weak quarter in the US with a year-on-year revenue contraction. In the hospital business (HPS II segment), it has been a good start to the year with a year-on-year growth of 3 percent, all of which is organic growth.

The HCS (Health Connectivity Services) business segment decreased from EUR 17.6 million in the first quarter 2012 to EUR 14.5 million in the first quarter 2013. The significant year-on-year drop in the Communication & Data business was over all affected by an exceptionally strong first quarter in the previous year as well as by new guidelines for the certification of physician’s software in Germany.

Frank Gotthardt, CEO and Chairman of the Board of CompuGroup Medical AG, stated: “We delivered lower than anticipated revenue and profitability for the first quarter 2013. Despite this start, the on-going growth initiatives have produced an improved order backlog compared to the last year and a significant pipeline of opportunities. With the solid performance of our European AIS business and a gradual improvement expected over the remaining three quarters of 2013, we reconfirm our commitments for the full year.”

CompuGroup Medical reaffirms the full year 2013 guidance presented in the 2012 Annual Report. Group revenue is expected to be in the range of EUR 470 million to EUR 490 million and operating income (EBITDA) is expected to be in the range of EUR 115 million to EUR 125 million.

Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical AG will go through the Q1 results at a conference for analysts and investors today at 15:00 hours CET.

You can participate in this conference call by dialing one of the following phone numbers:

+49 (0) 69 2 10 86 97 03 (Germany)
+44 (0) 16 16 01 89 02 (UK)
+1 (0) 21 53 05 44 95 (USA)
Participant code: 18 56 12 70

A presentation will be made available for download on the CompuGroup Medical website at The presentation can also be viewed live at

About CompuGroup Medical AG

CompuGroup Medical is one of the leading eHealth companies in the world. 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 over 385,000 doctors, dentists, hospitals, pharmacies and networks as well as other service providers. With locations in 19 countries and customers in 34 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 3,600 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Contact for media representatives:
CompuGroup Medical AG
Meike Stärke

Consultant Press & Media
P +49 (0) 261 8000-6100
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