PresseBox
Press release BoxID: 656089 (CompuGroup Medical AG)
  • CompuGroup Medical AG
  • Maria Trost 21
  • 56070 Koblenz
  • http://www.cgm-deutschland.de
  • Contact person
  • Meike Stärke
  • +49 (261) 8000-0

CompuGroup Medical AG - Preliminary Results 2013

(PresseBox) (Koblenz, ) CompuGroup Medical AG (CGM) today presented the preliminary and unaudited financial report for the fourth quarter and full year 2013. The company, one of the leading global providers of eHealth solutions, delivered a solid finish to 2013 with fourth quarter revenue of EUR 126 million and operating profit (EBITDA) of EUR 28 million. This corresponds to a fourth quarter operating margin of 22 percent, up from 21 percent in the fourth quarter last year.

The European doctor and dental business had a good quarter with 7 percent organic growth at constant exchange rates. The pharmacy software business also performed well with 15 percent organic growth showing the effects of a successful EXPOPHARM trade fair and the successful launch of new products and services during 2013.

With this result, CGM achieved full year 2013 revenue of EUR 460 million and consolidated EBITDA of EUR 97 million. This is in line with the revised guidance issued in August 2013.

"I am glad that we followed up on our positive third quarter and delivered a solid finish to the year. In addition to our financial performance, we also managed to double our market share in France through the acquisition of Imagine Group, we significantly strengthened our market position in laboratory information systems through the acquisition of vision4health, and we won a highly strategic tender for the coming telematik infrastructure in Germany. I cannot ask for a better way to finish 2013", stated Frank Gotthardt, CEO of CompuGroup Medical AG.

For 2014, CGM expects revenue between EUR 505 million and EUR 515 million and operating profit (EBITDA) between EUR 100 million and EUR 110 million.

CGM's Annual Report including full year 2013 audited financials will published on 27 March 2014.

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 400,000 doctors, dentists, hospitals, pharmacies and networks as well as other service providers. With locations in 19 countries and customers in 43 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 4,000 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.