CompuGroup Medical : First Quarter Results 2018

Koblenz - May 3, 2018: CompuGroup Medical SE (CGM) today presented the financial report for the first quarter of 2018. The company, one of the leading global providers of eHealth solutions, achieved revenue of EUR 166 million compared to EUR 142 million in the same period last year. This corresponds to 17 percent organic growth. The operating profit (EBITDA) increased 29 percent and reached EUR 39 million in the quarter. The corresponding operating margin was 23 percent, up from 21 percent last year.

With this result, CGM has made a strong start to the new year. The roll-out of the Telematics Infrastructure in Germany proceeds according to plan with accumulated more than 20,000 orders for the CGM connection package and over 13,000 live installations by the end of the first quarter. CGM expects the number of installations to grow at an increasing pace in the coming quarters.

In other business segments, hospital information systems and pharmacy software started the year strongly with 5 respectively 6 percent organic growth. In the hospital business, this is a very good result especially given that a change to customer contract structures have reduced pass-through revenue from 3rd party software compared to last year. The hospital business is currently dominated by the activities in the DACH region with Germany, Austria and Switzerland currently making up over 70% of the revenue in the segment. In the pharmacy software business, the German and Italian markets continue on a consistent growth path with well-established products and services.

Frank Gotthardt, CEO and Chief Executive Officer of CompuGroup Medical SE, affirms: "Our Company remains the driving force behind modernization and progress for health care providers and health insurances through innovative and meaningful eHealth applications which improve sector communication while at the same time making healthcare more effective and efficient."

CGM reaffirms the full year 2018 guidance presented in the 2017 Annual Report. Group revenue is expected to be in the range of EUR 700 million and EUR 730 million and operating profit (EBITDA) between EUR 175 million and EUR 190 million.

Conference Call for Journalists, Investors and Analysts:
The management board of CompuGroup Medical SE will go through the 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:

+49 692 222 290 43 (Germany)
+44 20 30 09 24 52 (UK)
+1 855 40277 66 (USA)

Participant code: 66 28 70 42#

A presentation will be available for download on cgm.com/PresentationQ1 prior to the conference call and can also be viewed live at: cgm.com/audiowebcastQ1
 

About CompuGroup Medical SE

CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of more than EUR 550 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 community of more than 1 million users, hereunder doctors, dentists, pharmacists and other service providers in inpatient and outpatient facilities. With locations in 19 countries and products in more than 55 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 4,600 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Editorial Staff Contact Information:

CompuGroup Medical SE
Oliver Bruzek
Chief Communication Officer
T +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100
E-Mail: press@cgm.com