MEDICLIN AG — Earnings Release 2009

Aug 13, 2009

News Details

Corporate | 13 August 2009 08:29

Sales and occupancy rate increased based on the half year comparison – Earnings improvement achieved in the 2nd quarter of the 2009 financial year

MediClin AG / Half Year Results

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Offenburg, August 13, 2009 - The MEDICLIN Aktiengesellschaft (MediClin) has
generated sales of EUR 230,9 million in the first six months of the current
2009 financial year, this is EUR 5.3 million or 2,3% more than in
comparison period 2008. The increased sales revenues could compensate
higher cost of materials and higher staff costs.

The Group operating result of the first half-year of 2009 amounted to EUR
5.3 million thus EUR 0.1 million above previous year's value (1 HY 2008:
EUR 5.2 million). Especially the 2nd quarter of 2009 has contributed
positively to the operating income of the first half-year of 2009 by EUR
5.4 Mio. million. The quarterly development of 2009 shows, that the result
in the 2nd quarter mainly has improved significantly in the post-acute
segment. While an operating result of EUR -3.3 million was generated in the
1st quarter 2009, the operating result of the 2nd quarter was EUR 2.0
million, corresponding to a positive swing of EUR 5.3 million. The acute
segment reported an improved result of EUR 1.3 million EUR over the same
quarter last year and of EUR 0.6 million over the 1st quarter of 2009.

The comprehensive income attributable to shareholders of MediClin AG
amounted to EUR 2,0 million (1 HY 2008: EUR 1,5 million) in the first
half-year of 2009. Undiluted and diluted earnings per share were EUR 0.04 /
basis: 47.25 million shares (1 HY 2008: EUR 0.05 / basis: 31.5 million
shares).

MediClin shows liquid assets of EUR 46.6 million at the end of the
reporting period (30.06.2008: EUR 22.8 million). The increase of liquid
assets was primarily attributable to a capital increase performed in
November 2008.

Occupancy rate of the Group increased by 0.6 percentage-points up to 86.3%
compared to the previous year's period

The occupancy rate in the post-acute segment increased to 86.1%
(1 HY 2008: 85.9%) and in the acute segment to 85.6% (1 HY 2008: 82.9%).
The occupancy rate in the business area of nursing care decreased slightly
showing an occupancy rate of 91.9% (1 HY 2008: 92.1%).

On Group-level the number of nursing days (-0.2%) and the number of cases
(-0.2%) fell slightly all in all in half-year comparison. Whereas the
number of nursing days in the post-acute segment and in the number of cases
in the acute segment increased slightly.

Outlook revised

For the 2009 financial year, the Management Board anticipate that, without
external growth, sales will remain at the previous year's level. Currently,
it is not possible to predict to what extent a decline in employment levels
will impact the budgets of the coverage providers and their tendering
practices. However, it is clear that the financial situation of public
authorities will worsen. Nevertheless MediClin intends to achieve a result
comparable with the previous year by improving efficiency and a tightening
cost management.

With regards to external growth, acquisition efforts in the acute sector
are the main focus. Potential acquisitions and co-operations are being
reviewed, paying particular attention to what extent these are consistent
with MediClin's Company strategy of integrated medical care.

The average number of employees in the first half-year of 2009, calculated
on the basis of full-time staff, was 5,794 full-time employees (1 HY 2008:
5,788 full-time employees).

The interim report for the first half-year of 2009 financial year is
available in German und English at www.mediclin.de.

About MediClin AG (Ticker: MED; ISIN: DE0006595101)

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 33
clinics and 7 nursing care facilities and 5 Medizinische Versorgungszentren
(medical care units) in 11 federal states MediClin has a total capacity of
approximately 7,900 beds. MediClins' 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 7,800 employees.
13.08.2009 Financial News transmitted by DGAP

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Language: English
Issuer: MediClin AG
Okenstraße 27
77652 Offenburg
Deutschland
Phone: +49 (0)781 488-189
Fax: +49 (0)781 488-184
E-mail: alexandra.muehr@mediclin.de
Internet: www.mediclin.de
ISIN: DE0006595101
WKN: 659510
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

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