Corporate | 8 November 2005 09:56

MediClin AG: Consolidated result positiv with plus 4.6 million Euro

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— ·Sales about 10 million Euro up on previous year’s figure ·Further improvement in results in all segements Frankfurt am Main, 8 November 2005 – During the first nine months of the 2005 financial year, revenues of 276,0 million Euro were generated by MediClin AG, an increase of about 10 million Euro or 3.8 percent in comparison with the previous year’s value. The post acute segment revenue grew by 3.4 percent to 160.3 million Euro; the acute segment by 1.1 million Euro to 111.2 million Euro. The nursing care segment contributed 4.5 million Euro to overall revenues. The income situation of our company has improved significantly. The group’s operating result for the first nine months of 2005 improved by 10.8 million Euro to 9.7 million Euro in comparison with the previous year’ period. Taking into account the rental relief for the first nine months of approximately 4.0 million Euro, the operative income increase is 6.8 million Euro. The consolidated result amounted to 4.6 million Euro (previous year’s period: minus 5.5 million Euro). Earnings per share amount to 0.14 Euro (previous year’s period: minus 0.17 Euro). The third quarter of 2005 was MediClin’s most successful quarter for the past two years. The operating result generated in this quarter was 7.1 million Euro and consolidated net profit amounted to 5.6 million Euro. Earnings per share were 0.17 Euro for the quarter (previous year’s quarter: 0.06 Euro). The Board of Management assumes that, based on MediClin’s business development to date, a balanced result in 2005 will be achieved. In the group the number of nursing days and number of cases treated increased The group’s number of nursing days increased by 3.9 percent and the number of cases treated by 1.1 percent, in comparison with the previous year’s period. Excluding the nursing days of the nursing care segment, the increase in comparison with the previous year would have been 0.7 percent, or 11,299 nursing days. The number of nursing days in the post acute segment increased by 2.4 percent or 30,030 days, the number of cases treated by 4.2 percent, or 2,019 cases. The trend for more ambulant treatment in the acute segment continues, the number of nursing days decreased by 18,731 days, but also the number of cases treated were reduced by 1,184 cases. Cash flow significantly improved Cost of materials rose in comparison with the previous year’s period primarily due to higher revenues but also due to higher energy prices. Personnel expenses declined by 0.6 million Euro, mainly as a result of the somewhat lower number of staff compared to the previous year’s period. Depreciation was lower by 1.5 million Euro. Other operating expenses fell by 2.4 million Euro, largely due to the rental relief reduction of 4.0 million Euro which compares to an increase in maintenance costs of 0.4 million Euro, and a 1.2 million Euro increase in other operating expenses. Assessed on 9-month basis, the financial result dropped by 1.0 million Euro from minus 4.5 million Euro to minus 5.5 million Euro. The cash flow of the period of 9.9 million Euro increased in comparison with the previous year’s value (previous year’s period: minus 6.6 million Euro). This is due to the income improvement and also to the inflow of a partial amount of interim financing for the new building at the Müritz-Klinikum in Waren.Investments during the first nine months of 2005 amounted to 10.3 million Euro (previous year’s period: 8.9 million Euro). In September 2005, MediClin employed 5,288 full-time staff nationwide. On average, this represents 5,241 full time employees for the first nine months of 2005. MediClin benefits from new structures The clinics’ executives were equipped with more self-reliance and thus bearing increased responsibility for the results. To coordinate sales activities better and improve communication with external partners and patients MediClin will implement a group-wide customer relationship management system. The full 9-month report 2005 is available on 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. End of announcement (c)DGAP 08.11.2005 —————————————————————————— WKN: 659510; ISIN: DE0006595101; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg und Stuttgart