CompuGroup Medical AG Second Quarter Results 2015

CompuGroup Medical AGCompuGroup Medical AG today presented the financial report for the second quarter of 2015. The company, one of the leading global providers of eHealth solutions, achieved revenue of EUR 138 million, compared to EUR 126 million in the second quarter 2014. This represents an increase of 9 percent, of which 4 percent is organic growth.

With this result, the good start to the year continues for CompuGroup Medical. There is broad-based progress in most business areas and a pronounced group-wide margin increase as the most notable improvement. Consolidated EBITDA in the second quarter amounted to EUR 30 million compared to EUR 23 million in 2014. The corresponding operating margin was well above 21 percent compared to 18 percent in 2014.

The hospital segment has developed particularly well in the period and it is the market in Poland that contributes with a high organic growth rate driven by a larger CGM participation in the on-going national e-health project there. Order intake has also improved in the hospital area and CGM was in June awarded the contract for the implementation and delivery of a comprehensive new hospital information system for five regional hospitals in Vorarlberg, Austria.

Parallel to the positive financial and operational development, CGM continues its prominent role in the largest on-going eHealth initiative in Germany - the Telematics Infrastructure and Electronic Health Card (eGK) pilot project. At the Hauptstadtkongress in Berlin in June, CGM showed live for the second time the insured master data update based on the eGK. With an official real-life demonstration of all required hardware and software components fully functional, CGM shows its readiness for a successful rollout to test the Telematics Infrastructure in in the pilot region North/West.

Frank Gotthardt, CEO and Chairman of the Board of CompuGroup Medical AG, stated: "The numbers we deliver for the second quarter reaffirm our commitment to improve margins and profitability for the Group. While doing this, we also drive the electronic health card project in Germany forward with full commitment. A worthy finish to the quarter came with the our new hospital contract in Austria which shows the increasing leverage we are getting in the market from our long-time investment in our next generation G3 product platform."

CompuGroup Medical reaffirms the full year 2015 guidance presented in the 2014 Annual Report. Including revenue from recent acquisitions, Group revenue is expected to be in the range of EUR 549 million to EUR 559 million and operating income (EBITDA) is expected to be in the range of EUR 115 million to EUR 125 million.

About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of more than EUR 500 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 customer base of approximately 400,000 doctors, dentists, pharmacists and other service providers in inpatient and outpatient facilities. With locations in 19 countries and products in more than 40 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 4,200 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Most Popular Now

AI Body Composition Measurements can Pre…

Adiposity - or the accumulation of excess fat in the body - is a known driver of cardiometabolic diseases such as heart disease, stroke, type 2 diabetes, and kidney disease...

AI can Strengthen Pandemic Preparedness

How to identify the next dangerous virus before it spreads among people is the central question in a new Comment in The Lancet Infectious Diseases. In it, researchers discuss how...

'Future-Guided' AI Improves Se…

In the world around us, many things exist in the context of time: a bird’s path through the sky is understood as different positions over a period of time, and...

New AI Tool Scans Social Media for Hidde…

A new artificial intelligence tool can scan social media data to discover adverse events associated with consumer health products, according to a study published September 30th in the open-access journal...

Study Finds One-Year Change on CT Scans …

Researchers at National Jewish Health have shown that subtle increases in lung scarring, detected by an artificial intelligence-based tool on CT scans taken one year apart, are associated with disease...

New AI Tools Help Scientists Track How D…

Artificial intelligence (AI) can solve problems at remarkable speed, but it’s the people developing the algorithms who are truly driving discovery. At The University of Texas at Arlington, data scientists...

Yousif's Story with Sectra and The …

Embarking on healthcare technology career after leaving his home as a refugee during his teenage years, Yousif is passionate about making a difference. He reflects on an apprenticeship in which...

AI Tool Offers Deep Insight into the Imm…

Researchers explore the human immune system by looking at the active components, namely the various genes and cells involved. But there is a broad range of these, and observations necessarily...

New Antibiotic Targets IBD - and AI Pred…

Researchers at McMaster University and the Massachusetts Institute of Technology (MIT) have made two scientific breakthroughs at once: they not only discovered a brand-new antibiotic that targets inflammatory bowel diseases...

Highland to Help Companies Seize 'N…

Health tech growth partner Highland has today revealed its new identity - reflecting a sharper focus as it helps health tech companies to find market opportunities, convince target audiences, and...