CompuGROUP with record results in 2009
16.04.2010 16:00
Koblenz-based medical software company increases sales by 28 percent and profits by 20 percent
With sales of almost 300 million euros (294.2) and profits before taxes and depreciation (EBITDA) of almost 60 million euros (59.1), the Koblenz-based company CompuGROUP Holding AG, which specializes in the medical sector Information Technologies (MIT) was once again able to produce record results despite the global economic crisis in 2009.
“I am proud of the development of our company and the achievements of my employees,” said founder and CEO Frank Gotthardt. “This development, particularly in the last two quarters, makes it clear that we are managing our growth course in a targeted manner and continuing to successfully pursue it by concentrating on our core business. And it inspires us all for 2010.” With its approximately 2,800 employees in currently 18 countries, CompuGROUP develops intelligent software for practicing doctors, dentists, hospitals and patients.
In Germany alone, around every second practicing doctor uses CompuGROUP systems, and there are around 326,000 worldwide. In addition, intelligent CompuGROUP products on this wide-reaching basis support doctors and treatment teams in finding even better diagnostic and treatment options for their patients in everyday practice or clinic life. An innovative range of products and solutions with enormous development potential, which increased the company's sales to 84.4 million euros in the fourth quarter of 2009 alone. An increase of 19 percent compared to the same period last year.
CFO Christian Teig was even able to announce an increase in operating profit of 46 percent to 17.9 million euros for Q4. “This enabled us to further expand our market leadership position in many areas in a difficult macroeconomic environment,” said the Norwegian. “For shareholders, this means cash net income per share of 74 cents for 2009. Not many companies can offer their shareholders such a result in these times. We’re a little proud of that.”
For 2010, CompuGROUP expects sales of between 315 and 330 million euros and an operating profit (EBITDA) of between 67 and 73 million euros. In addition to the company's ambitious growth goals, Frank Gotthardt also sees the savings potential in healthcare systems that can be unlocked by increasing efficiency through CompuGROUP products. “We assume that our software solutions will enable us to achieve 'more health' and 'more efficiency' in the area. These effects can amount to up to 15 % of health expenditure. Because this makes patients feel better, one can also conclude: More health – lower costs. We are working towards this, also in order to be able to participate in the improvements achieved through our medical workflow solutions and decision aids. That is my vision – not just for 2010.”