MEDICLIN AG — Earnings Release 2008

Aug 8, 2008

News Details

Corporate | 8 August 2008 11:44

MediClin publishes half-year figures of the 2008 financial year − showing satisfying occupancy

MediClin AG / Half Year Results

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Frankfurt am Main, August 8, 2008 – In the first half-year of 2008, Group
sales of EUR 225.6 mill. were achieved, thus being 17.6% above previous
year’s value. Cleared of the turnover from the Kraichgau-Klinik Group,
which totalled EUR 25.3 mill., Group sales would have been EUR 200.3 mill.
and thus EUR 8.5 mill. or 4.5% higher than in the previous year. The Group
result of operations (EBIT) for the first half-year of 2008 amounts to EUR
5.2 mill. (1. HY 2008: EUR 5.7 mill.) Compared with the previous year’s
period higher rent expenses totalled up to EUR 3.9 mill. The contribution
from the 2nd quarter of 2008 is EUR 4.8 mill. and thus significantly higher
than the operational result in the 1st quarter (Q1 2008: EUR 0.4 mill.).
This was achieved despite sharply risen personnel and material costs.
Pleasing is the development of the occupancy rates, being 85.7% (1. HJ
2007: 83.0%) Group-wide in the meantime.
In the post-acute segment the increased costs, particularly the again
mature rental expenses, could be balanced by increased sales, allowing the
result to be maintained. Subsequent nursing treatments accounted for 60% of
the nursing days including the newly acquired facilities. In the acute
segment the result was not maintained because greater people-intensity and
a higher consumption of medical materials was showing a greater effect than
in the post-acute segment. The EBIT margin is 7.6% (1 HY 2007: 10.3%). In
the nursing care segment sales increase by approximately 13%, the result is
on par with the previous year.
The per-case revenue totalled EUR 3,132 (1 HY 2007: EUR 3,128) in the
post-acute segment and EUR 4,652 (1 HY 2007: EUR 4,113) in the acute
segment. The share of outpatient health care in the Group sales was EUR 5.3
mill. (1 HY 2007: EUR 4.6 mill.).
Kraichgau takeover successful
The integration of the facilities of the Kraichgau-Klinik Group into the
MediClin Group is proceeding according to plan. A further step in the
restructuring of the Kraichgau-Klinik Group was successfully finalized
through the transfer of the Vitalisklinik to the City of Bad Hersfeld.

The interim report as of June 30, 2008 is available on www.mediclin.de.

About MediClin AG (Ticker: MED; WKN: 659 510)
MediClin AG is a nation-wide clinic operator and large provider of services
in the area of Psycho- and Neurosciences as well as Orthopaedic. With 34
clinics and eight nursing care facilities and three Medizinische
Versorgungszentren (medical care units) in eleven federal states MediClin
has a total capacity of approximately 8,100 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 7,900 employees.
08.08.2008 Financial News transmitted by DGAP

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Language: English
Issuer: MediClin AG
c/o MediClin Geschäftsführungs-GmbH Okenstraße 27
60329 Frankfurt
Deutschland
Phone: +49 (0)781 488-189
Fax: +49 (0)781 488-184
E-mail: alexandr.muehr@mediclin.de
Internet: www.mediclin.de
ISIN: DE0006595101
WKN: 659510
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Stuttgart

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