CompuGROUP Holding AG today presented the financial report for the third quarter of 2009. The company, one of the leading global providers of eHealth solutions, achieved record operating results of 16.1 million EURO in the past three months. The operating profit margin increased to 23 percent, an increase of three percentage points compared to the same period last year.
With this result, CompuGROUP Holding AG successfully continues its strategy of increasing growth and efficiency in the third quarter of this year. The Koblenzbased company, who has the greatest coverage among service providers (physicians, dentists, hospitals etc.) worldwide, was also able to increase quarterly revenues by 10%, to 70.1 million EURO (since beginning of the year 209,8 million EURO, which is consistent to an 33% increase in comparison to the ninemonth period of the previous year). The organic growth amounted to a 7% increase. CompuGROUP increased the operating results before interest, taxes, depreciation and amortization (EBITDA), from 13.1 million EURO to 16.1 million EURO (since beginning of the year EURO 41,1 million EURO). For shareholders, this positive development resulted in an EPS increase of 8 cents to now 11 cents (Q3/2008: 0.03 EURO).
This result can again be attributed to the particularly strong growth of the HPS (Health Provider Services) business segment. The HCS (Health Connectivity Services) business segment has demonstrated stability. CompuGROUP offers intelligent software solutions for this sector that are designed to make diagnostics, treatment or administrative processes more efficient and to free up savings of around 15% in the healthcare system.
CompuGROUP also made further progress of the Medical Decision Support System (MDSS) knowledge base during the reporting period. Various reviews of the results of the integrated care project "aktiv + vital" conducted by the AOK Hessen were very promising from a medical as well as an economic aspect. In addition, CompuGROUP was one of two companies that were awarded the contract for the delivery of medical software with integrated electronic health records for general practitioners in Arizona (USA). The European presence was increased through the acquisition of two Italian companies, S.M.I. und Microcosmos.
Frank Gotthardt, Chairman of the Board of CompuGROUP Holding AG, stated: "We are very pleased with the developments of the past three months. The new record results show that we continuously monitor our growth and we were simultaneously able to increasingly integrate the businesses acquired last year into our company, consistent with best practices."
With this result, CompuGROUP Holding AG successfully continues its strategy of increasing growth and efficiency in the third quarter of this year. The Koblenzbased company, who has the greatest coverage among service providers (physicians, dentists, hospitals etc.) worldwide, was also able to increase quarterly revenues by 10%, to 70.1 million EURO (since beginning of the year 209,8 million EURO, which is consistent to an 33% increase in comparison to the ninemonth period of the previous year). The organic growth amounted to a 7% increase. CompuGROUP increased the operating results before interest, taxes, depreciation and amortization (EBITDA), from 13.1 million EURO to 16.1 million EURO (since beginning of the year EURO 41,1 million EURO). For shareholders, this positive development resulted in an EPS increase of 8 cents to now 11 cents (Q3/2008: 0.03 EURO).
This result can again be attributed to the particularly strong growth of the HPS (Health Provider Services) business segment. The HCS (Health Connectivity Services) business segment has demonstrated stability. CompuGROUP offers intelligent software solutions for this sector that are designed to make diagnostics, treatment or administrative processes more efficient and to free up savings of around 15% in the healthcare system.
CompuGROUP also made further progress of the Medical Decision Support System (MDSS) knowledge base during the reporting period. Various reviews of the results of the integrated care project "aktiv + vital" conducted by the AOK Hessen were very promising from a medical as well as an economic aspect. In addition, CompuGROUP was one of two companies that were awarded the contract for the delivery of medical software with integrated electronic health records for general practitioners in Arizona (USA). The European presence was increased through the acquisition of two Italian companies, S.M.I. und Microcosmos.
Frank Gotthardt, Chairman of the Board of CompuGROUP Holding AG, stated: "We are very pleased with the developments of the past three months. The new record results show that we continuously monitor our growth and we were simultaneously able to increasingly integrate the businesses acquired last year into our company, consistent with best practices."
