Corporate | 12 May 2005 10:58

MediClin AG: Despite a difficult market environment: first quarter 2005 …

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Despite a difficult market environment: first quarter 2005 above previous year Frankfurt, 12 May 2005 – The first quarter of the new financial year 2005 developed better than in the previous year. The revenues of 87.5 million Euro were up two percent on the previous year”s figure. The operating result im- proved from minus 2.8 million Euro to minus 1.1 million Euro, the consolidated net loss reduced from minus 4.4 million Euro to minus 3 million Euro. In the first quarter of 2005, MediClin posted 87.5 million Euro in revenues (Q1 2004: 85.8 million Euro). Business development in the different segments was varied. While acute care revenues saw a marginal decline, post acute revenues stabilized. The proportion of subsequent nursing treatment (AHB) rose slightly to 65.6 per cent of nursing days in the post acute segment. Revenues in the new nursing care segment developed positiv. Meanwhile, all facilities in this segment are fully operative. The operating result was increased by 1.7 million Euro, compared to the same quarter in the previous year. This was mainly attributable to reduction in rental expense to the amount of 1.3 million, so on balance, the operating result improved by approximately 0.4 million Euro compared to the first quarter of 2004. Thus far, business development is in accordance with MediClin”s expectations concerning corporate development for this year. The Board of Management assumes, that the company will continue to benefit from previously implemented and newly introduced measures and, assuming that the general economic and business situation in Germany do not deteriorate, a balanced result in 2005 can be expected. The report for the first quarter of 2005 was prepared in accordance with the provisions of International Financial Reporting Standards (IFRS) for the first time. The detailed interim report for the first quarter 2005 is available under http://www.mediclin.de . About MediClin AG (Ticker: MED; WKN: 659 610) MediClin AG is a nation-wide clinic operator with head office in Frankfurt. The administrative headquarters of the clinics and health care facilities are located in Offenburg. With 30 clinics and 6 nursing care facilities in eleven federal states MediClin has a total capacity of approximately 7,700 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 6,900 employees. Important notice: This press release includes future-oriented statements which are based on assumptions and estimates. While MediClin AG is of the opinion that these assumptions and estimates are correct, the actual future developments and actual future results may deviate from these assumptions and estimates due to the impact of various factors such as changes in the economic conditions in Germany, legal changes concerning the health system, changes relating to coverage providers” expense behaviour. MediClin does not assume liability and gives no warranty that future developments and the income actually achieved in the future will comply with the assumptions and estimates stated in this press release. End of announcement (c)DGAP 12.05.2005 —————————————————————————— WKN: 659510; ISIN: DE0006595101; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg und Stuttgart 121058 Mai 05