MEDICLIN AG — Earnings Release 2006

Nov 10, 2006

News Details

Corporate | 10 November 2006 08:49

MediClin reports figures for first nine months of 2006

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— – Sales and earnings continued to improve – Group result for 2006 anticipated to be up 25% against previous year’s figure Frankfurt am Main, 10 November 2006 – In the first nine months of 2006 MediClin generated sales of EUR 281.7 mill., which was EUR 5.7 mill. or 2.1% above the figure for the relevant nine-month period in the previous year. In the acute segment sales achieved the largest increase with EUR 3.6 mill. With sales of EUR 114.8 mill. and a segment result totalling EUR 13.5 mill. an EBIT margin was recorded of 11.8%. Sales in the post-acute segment over the nine months were EUR 0.3 mill. above the comparative figure for the same period in the previous year. The segment result improved by EUR 0.4 mill. to EUR -1.4 mill.. Here, the doctors’ strike in the summer caused a during the period fluctuation in the occupancy as compared to the previous year. The nursing care segment boosted sales by EUR 1.8 mill. and with EUR 6.3 mill. after two-and-a-half years makes up approximately 2.2% of total sales. The goal in this segment is a 2% to 3% share of sales. At EUR -0.2 mill., the segment booked an almost break-even result. MediClin’s earnings situation thus continued to improve in the first nine months of the current financial year. At EUR 11.9 mill., the Group operating result was EUR 2.2 mill. above the figure of EUR 9.7 mill. for the same nine-month period in 2005. The Group result before minority interests in the first nine months of 2006 was EUR 6.8 mill. as compared to the previous year’s figure of EUR 4.5 mill. Favourable development in all three segments In the post-acute segment the number of nursing days and the number of cases fell by 0.3 % as compared to the figures for the first nine months of 2005. In the acute segment the number of cases rose by 4.5% as compared to the number of cases in the previous year and the number of nursing days decreased by 0.6 % due to the shorter duration of stay. The number of nursing days rose by 41.3 % in the nursing care segment. The average occupancy rate in the first nine months of 2006 for these facilities was 81.1% (basis: 385 beds), the figure for the same period in the previous year was 65.7 % (basis: 336 beds). Amounting to EUR 1.1 mill., cash flow from operating activities for the first nine months of 2006 fell substantially compared to the same nine-month period in the previous year (first nine months 2005: EUR 13.8 mill.). This is due to the settlement payments made in conjunction with the acquisition of the Hurrle Group. For the 2006 financial year, the Board of Management currently expect moderate sales growth and to succeed in sustaining the absolute figures in terms of performance improvement achieved in the first nine months as compared to the same nine-month period of the previous year, which will presumably be equal to a 25% increase of the Group result. The detailed report of the first nine months of the financial year 2006 is published on www.mediclin.de. Key figures – yoy comparison and quarterly development Group and segments in million € 9 M 2006 9 M 2005 Q3 2006 Q2 2006 Q1 2006 Sales 281,7 276,0 95,3 94,6 91,8 Material expenses 58,6 56,7 19,9 19,4 19,2 Staff costs 159,5 157,5 51,7 53,5 54,3 Depreciation and amortisation 6,3 6,1 2,1 2,2 2,0 Other operating expenses 49,6 51,2 16,3 16,9 16,4 Operating result 11,9 9,7 6,3 4,5 1,1 Consolidated result after minor.6,7 4,6 4,2 2,9 -0,4 Cashflow from op. activities 1,1 13,8 6,6 -5,2 -0,3 EPS in € ( undiluted) 0,21 0,14 0,13 0,09 -0,01 Employees (full time staff) 5.243 5.241 5.265 5.239 5.223 in million € 9 M 2006 9 M 2005 Q3 2006 Q2 2006 Q1 2006 Post-acute Sales 160,6 160,3 55,0 53,6 52,0 Segment result -1,4 -1,8 1,3 0,2 -2,9 Acute Sales 114,8 111,2 38,1 38,9 37,8 Segment result 13,5 12,0 5,0 4,4 4,1 Nursing care Sales 6,3 4,5 2,2 2,1 2,0 Segment result -0,2 -0,5 0,0 -0,1 -0,1 About MediClin AG (Ticker: MED; WKN: 659 510) MediClin AG is a nation-wide clinic operator and one of the largest provider of services in the area of Psycho- and Neurosciences as well as Orthopedic. With 30 clinics and 8 nursing care facilities and 2 Medizinische Versorgungszentren (medical care units) in 11 federal states MediClin has a total capacity of approximately 7,700 beds. MediClin’s facilities include acute care clinics, i.e., general hospitals, special treatment facilities, specialised hospitals and clinics for post-acute treatment and medical rehabilitation. MediClin has approximately 6,900 employees. (c)DGAP 10.11.2006 ————————————————————————— Language: English Issuer: MediClin AG Wilhelm-Leuschner-Straße 9-11 60329 Frankfurt am Main Deutschland Phone: +49 (0)69 25 60 02-0 Fax: +49 (0)69 25 60 02-69 E-mail: ute.brauer@mediclin.de WWW: www.mediclin.de ISIN: DE0006595101 WKN: 659510 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service —————————————————————————