DGAP-News: MediClin AG / Key word(s): Half Year Results
Group sales in the first half-year of 2011 above, Group result below
11.08.2011 / 08:40
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Good business development in the acute segment and business area nursing
care â restrained development in the post-acute segment
Offenburg, August 11, 2011 - MEDICLIN Aktiengesellschaft (MediClin)
achieved Group sales in the first six months of FY 2011 in the amount of
EUR 242.9 mill. (1 HY 2010: EUR 241.0 mill.), thus EUR 1.9 mill. or 0,.8%
more than in the comparable previous year's period. The Group's operating
result of the first half-year of 2011 was EUR 1.8 mill., EUR 3.1 mill.
below the previous year's value. In the half-year comparison the main
reason for this were staff costs (EUR +4.7 mill.), due to staff recruitment
for new business activities and pay scale increases. The result
attributable to the shareholders of MEDICLIN Aktiengesellschaft amounted to
EUR -1.5 mill. (1 HY 2010: EUR 1.5 mill.).
Sales revenues in the post-acute segment in the first half-year of 2011
almost reached the level achieved in the previous year at EUR 135.7 mill.
(1 HY 2010: EUR 136.0 mill.). After deducting the higher operating costs
(EUR +4.5 mill.), there was a negative segment result of EUR -2.6 mill. (1
HY 2010: EUR +0.8 mill.). However, this result was an improvement by EUR
4.0 mill. in comparison to the first quarter of 2011 (EUR -3.3 mill.).
Sales revenues in the acute segment improved by EUR 1.5 mill., or 1.5 %, to
EUR 100.7 mill. The segment result rose from EUR 8.4 mill. to EUR 8.6 mill.
Die EBIT-margin was 8.5%.
The nursing care business area also saw encouraging developments. Sales in
this area increased from EUR 5.5 mill. to EUR 5.8 mill.; the occupancy
rates in the first half-year of 2011 were 94.8% (1 HY 2010: 90.6%) and in
the second quarter of 2011 they reached 95.0% (Q2 2010: 90.0%).
Altered authorisation procedure by coverage providers in the post-acute
segment
In the post-acute segment, the lower indication-based reference values,
which are decreed by the German statutory pension insurance scheme for the
average length of patient stay, have had an effect since the end of 2010.
An altered authorisation procedure also led to a decrease in the number of
nursing days in the first half-year of 2011. In particular, there was a
decrease in the requests for services, which can be attributed to the area
of curative treatment. Whereas in psychosomatics, which is
also allocated to curative treatment more services were requested and
approved. There are no signs at this point in time, however, that there
will be an overall lower utilisation of budgets in 2011 on the part of the
coverage providers.
Outlook adjusted after half-year results
Insofar as the framework conditions of the industry and the referral
behaviour of the coverage providers do not seriously change, the Management
Board expects a slight increase in turnover and an operating result below
the level achieved in the previous year. If in the second half of 2011 the
current restraint shown by the social security pension funds in awarding
contracts continues, this may have a further influence on the operating
result for the 2011 financial year despite relevant countermeasures and
lead to an operating result in the low double digit range.
Despite lower results, MediClin will continue to adhere to its company
objective of investing in internal growth. In relation to external growth,
acquisition efforts in the acute sector are the main focus.
The interim report 1 HY 2011 is available under www.mediclin.de in German
und English.
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 34
clinics and 7 nursing care facilities and 11 Medizinische
Versorgungszentren (medical care units) in 11 federal states MediClin has a
total capacity of approximately 8,000 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 8,200 employees.
End of Corporate News
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Language: English
Company: MediClin AG
OkenstraÃe 27
77652 Offenburg
Germany
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, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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135284 11.08.2011
DGAP-News: Group sales in the first half-year of 2011 above, Group result below
| Source: EQS Group AG