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Wednesday 12 May, 2010

Curanum Ag

EANS-Adhoc: CURANUM AG / Publishing the key fig...

PR Newswire/euro adhoc/
EANS-Adhoc: CURANUM AG / Publishing the key figures Q1/ 2010
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc 
with the aim of a Europe-wide distribution. The issuer is solely responsible for
the content of this announcement.

12.05.2010

Ad hoc announcement



             CURANUM AG publishes results for first quarter of 2010:

                           Further increase in revenue


In the first quarter of 2010 revenue generated by CURANUM AG,  Munich,  grew  by
EUR 1.1 million compared with the first quarter of 2009, rising  from  EUR  63.1
million to EUR 64.2 million. The increase results mainly  from  revenue  of  EUR
0.9 million that was generated by  our  new  "Alten-  und  Pflegeeinrichtung  Am
Stöckheimer Markt" facility in Braunschweig, and  additional  revenue  for  
care
services focusing on occupants suffering from dementia.

The personnel expense rose by EUR 0.6 million  from  EUR  32.1  million  in  the
first quarter of 2009 to EUR 32.7 million in the current reporting period.  This
particularly reflected greater staff costs at our facilities  totaling  EUR  0.9
million, including EUR 0.3 million of  staff  costs  for  our  new  facility  in
Braunschweig. This increase was offset by  a  EUR  0.3  million  personnel  cost
reduction in our head companies' administration area.

Earnings before interest, tax, depreciation and amortization  (EBITDA)  fell  by
EUR 0.3 million in the current reporting period to  EUR  6.1  million  (previous
year: EUR 6.4 million). Consequently, the EBITDA margin edged  down  from  10.1%
to 9.5% in the first quarter of 2010. Earnings before interest  and  tax  (EBIT)
fell by EUR 0.3 million, from EUR 4.0 million in the first quarter  of  2009  to
EUR 3.7 million in the first quarter of 2010.

Our net financial result improved slightly by  EUR  0.1  million  to  EUR  
 -2.2
million in the reporting period (previous year:  EUR   -2.3  million).  
Earnings
after tax in the first quarter of 2010 fell  by  EUR  0.3  million  to  EUR  0.8
million (previous year: EUR 1.1 million), as a  consequence  of  which  earnings
per share (EPS) went from EUR 0.04 in the first quarter of 2009 to EUR  0.03  in
the first quarter of 2010.

Cash flow from operating activities rose by EUR 3.9 million to EUR  6.5  million
during the period under review (previous year: EUR 2.6 million). This  reflected
a significantly lower working capital reduction of EUR 0.5 million in the  first
quarter of 2010 compared with the first quarter of  2009  (EUR   -4.2  
million),
lower formation of provisions,  and  a  EUR  0.2  million  rise  in  income  tax
receipts to EUR 0.8 million in the current reporting period.

Equity rose by EUR 0.6 million, from EUR 66.1 million as of  December  31,  2009
to EUR 66.7 million as of the March 31, 2010  balance  sheet  date.  The  equity
ratio rose slightly to 28.23% (December 31, 2009: 27.96%).

Although utilization in our facilities was stable in the first quarter of  2010,
it proved very difficult to maintain as the result of a higher  mortality  rate,
and a trend towards shorter stays on the part of our occupants. We are  assuming
that this trend will improve over the further course of the business year.  With
a look to the 2010 financial year,  we  continue  to  budget  total  revenue  of
between EUR 264.6 million and EUR  266.5  million  (excluding  acquisitions  and
care rate increases), EBITDA of between EUR 28.5 million and EUR  30.0  million,
and net income of between EUR 6.5 million and EUR 7.5 million.

Further information  is  available  at  our  website  www.curanum.de  under  the
Investor Relations menu item.


Munich, May 12, 2010

The Management Board










|Key figures IFRS as of March 31,|         |            |        
|2010                            |         |            |        
|                        |       |         |            |        
|mil. EUR                |Q1/2010|Q1/2009  |YoY in %    |FY '2009
|                        |       |         |            |        
|Sales                   |64.2   |63.1     |1.74        |259.5   
|Staff costs             |32.7   |32.1     |1.87        |130.5   
|EBITDAR                 |19.9   |20.2     |-1.49       |83.1    
|Rental costs            |13.8   |13.9     |-0.72       |55.5    
|EBITDA                  |6.1    |6.4      |-4.69       |27.6    
|in % of Sales           |9.5%   |10.1%    |            |10.6%   
|Depreciation            |2.4    |2.4      |0.00        |9.8     
|EBIT                    |3.7    |4.0      |-7.50       |17.8    
|in % of Sales           |5.8%   |6.3%     |            |6.9%    
|Financial results       |-2.2   |-2.3     |-4.35       |-8.9    
|EBT                     |1.5    |1.7      |-11.76      |8.9     
|Net profit              |0.8    |1.1      |-27.27      |5.8     
|EPS (EUR)*              |0.03   |0.04     |-25.00      |0.18    
|                        |       |         |            |        
|Cash Flow               |6.5    |2.6      |150.00      |19.9    
|CPS (EUR)*              |0.2    |0.08     |150.00      |0.62    
|                        |       |         |            |        
|Cash and cash           |9.9    |7.2      |37.50       |8.9     
|equivalents             |       |         |            |        
|Equity capital          |66.7   |67.0     |-0.45       |66.1    
|in % of balance sheet   |28.2   |27.8     |1.44        |28.0%   
|total                   |       |         |            |        
|Balance sheet total     |236.3  |241.2    |-2.03       |236.4   
|                        |       |         |            |        
|Employees               |6,152  |5,985    |2.79        |6,055   
|Facilities              |69     |68       |1.47        |69      
|Care places             |7,802  |7,692    |1.43        |7,805   
|Assisted living         |1,679  |1,681    |-0.12       |1,681   
|apantements             |       |         |            |        
|                        |       |         |            |        
|*) Number of underlying outstanding shares in Q1 /     |        
|2010: 32.267.835 shares                                |        
|*) Number of underlying outstanding shares in Q1 /     |        
|2009: 32.524.196 shares                                |        
|*) Number of underlying outstanding shares in 2009:    |        
|32.267.835 shares                                      |        



Further inquiry note:
Bettina Pöschl
Tel. +49(0)89-242065-69
E-Mail: [email protected]
issuer:   CURANUM AG
          Maximilianstr. 35c
          D-80539 München
phone:    +49 (0)89 242065 60
FAX:      +49 (0) 89 242065 10
mail:     [email protected]
WWW:      http://www.curanum.de
sector:   Healthcare Providers
ISIN: DE0005240709
indexes:  SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
          Hamburg, Stuttgart, Düsseldorf, regulated dealing: München 
language: English
        
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