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 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 11.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 135284 11.08.2011
DGAP-News: Group sales in the first half-year of 2011 above, Group result below
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