EANS-Adhoc: CURANUM AG
Pleliminary results for the 2011 financial year
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Preliminary results 2011 15.02.2012 Today the Management Board of Curanum AG has prepared the consolidated financial statements for the 2011 financial year, which remain preliminary until certification by the auditor, and approval by the Supervisory Board. The following are the key points of the financial statements that have been prepared using International Financial Reporting Standards (IFRS): Positive revenue trends In the 2011 financial year consolidated revenue rose by EUR 9.1 million to reach EUR 265.9 million. A higher occupancy of our residential homes and the opening of two homes in 2010 and 2011 contributed EUR 5.5 million to this increase, the six institutions acquired from the GWA group contributed EUR 3.6 million. Slightly improved operating trends The Curanum Group reported EBITDA of EUR 27.0 million before one-off effects (previous year: EUR 26.3 million). The increase of earnings of the established institutions of EUR 2.8 million and of the new institutions of GWA of EUR 0.4 million is opposed by central up-front costs of EUR 2.5 million. Earnings marked by one-off effects Earnings before interest and tax (EBIT) before impairment add up to EUR 14.1 million (previous year: EUR 9.5 million). The annual financial statement is marked by extraordinary adjustments of value adding up to EUR 22.2 million (previous year: EUR 16.5 million). Source for this were primarily the agreed measures relating to reorganization concepts concerning real estates. Consequently earnings after tax of minus EUR 12.9 million (previous year: minus EUR 15.8 million) are reported. Improved financial figures Cash flow of the CURANUM Group added up to EUR 5.3 million. The inflow of cash from operating activities adding up to EUR 19.9 million was slightly higher than the average of the past years. Consequently net financial dept decreased by about a fifth now amounting to EUR 51 million. This means a ratio of 108% between net financial dept and equity (previous year: 125%). Munich, February 15, 2012 The Management Board Further inquiry note: Caroline Lutz Tel.: + 49 89 242065 0 E-Mail: ir@curanum.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: CURANUM AG Engelbertstraße 23-25 D-81241 München phone: +49 (0)89 242065 60 FAX: +49 (0) 89 242065 10 mail: info@curanum.de WWW: http://www.curanum.de sector: Healthcare Providers ISIN: DE0005240709 indexes: CDAX, Classic All Share, Prime All Share stockmarkets: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated dealing: München, regulated dealing/prime standard: Frankfurt language: English
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