EANS-News: Marseille-Kliniken AG again reports increased earnings
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 9-month report Subtitle: - EBIT expanded by more than 75 percent to EUR 7.2 million against previous year - Revenue increased to EUR 145.5 million - Occupancy rate once again strengthened to 88.7 percent - Redemption of notes realized with a volume of EUR 3.0 million Hamburg, Germany (euro adhoc) - 9 May 2012 - Marseille-Kliniken AG could substantially increase its profitability during the first nine months of fiscal year 2011/2012 (1 July 2011 to 31 March 2012). The repeated gain of the occupancy rate to 88.7 percent (Q3 2010/2011: 86.8 percent) was a main driver for the consistent expansion of revenues to EUR 145.5 million (previous year: EUR 141.6 million). Backed by further savings in administration, EBIT amounted to EUR 7.2 million, marking a significant increase in earnings against EUR 4.1 million in the previous year. "With this continuing development we are progressing on profitability improvements according to plan. Additionally it allowed us to partly finance an early redemption of our notes amounting to EUR 3.0 million.", comments Michael Thanheiser, chairman of Marseille-Kliniken AG. The company's upward trend, which is visible already since fiscal year 2010/2011, has been made possible by Marseille-Kliniken AG's previously initiated strategy mix. This includes a focus on care of the elderly, quality leadership and a decentralised management structure. Moreover a program carried out to optimise costs also played a role in supporting the company's economic recovery. This progress now continued on all earnings figures with the current quarterly financial results. Based on an expansion of occupancy rate of 1.9 percentage points at a sales capacity of 7,949 beds, revenues could again be fostered against previous year. Nevertheless total costs remained stable with EUR 145.0 million. Therefore despite EBIT also EBITDAR increased by 3.1 percent to EUR 39.8 million (previous year: EUR 38.6 million) and EBITDA by 21.2 percent to EUR 12.0 million (previous year: EUR 9.9 million). Group earnings improved to EUR 4.7 million (previous year EUR 0.0 million). Simultaneously to higher earnings, also a redemption of own notes with a value of EUR 3.0 million in April 2012 strengthened the company's financial power, as the financing of this measure was carried out by the successfully generated cash flow as well as by a long term loan with significant lesser interest payment. Against the backdrop of these results, Marseille-Kliniken AG is on good track for achieving its future objectives in both operational excellence and financing. The complete nine months 2012 financial report such as additional shareholders' information are available for the public in the investor relations section of the company's website at www.marseille-kliniken.com ---- End of press release ---- About Marseille-Kliniken AG: Marseille-Kliniken AG (ISIN DE0007783003, WKN 778300, MKA) with its 57 residential care facilities, three residential units for assisted living and about 4,700 employees is a market leading listed company on health care in Germany. The business model is significantly influenced by the demographic development. Therefore Marseille-Kliniken AG has a secured future. Short-term economic fluctuations on the other hand exert only a minor influence. As a consistently modern company with strong focus on quality, the private enterprise is in a good position within a competitive environment primarily characterized by regionally active charities. Further inquiry note: Hillermann Consulting Investor Relations for Marseille-Kliniken AG Poststraße 14/16 20354 Hamburg Germany Tel.: +49-(0)40 / 320 279-10 Fax: +49-(0)40 / 320 279-114 www.marseille-kliniken.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Marseille-Kliniken AG Alte Jakobstraße 79/80 D-10179 Berlin phone: +49 (0)30 246 32-400 FAX: +49 (0)30 246 32-401 mail: info@marseille-kliniken.de WWW: http://www.marseille-kliniken.de sector: Pharmaceuticals ISIN: DE0007783003 indexes: CDAX, Classic All Share, Prime All Share stockmarkets: free trade: Berlin, Düsseldorf, Stuttgart, regulated dealing: Hamburg, regulated dealing/prime standard: Frankfurt language: English
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