DGAP-News: RHÖN-KLINIKUM AG (english)
RHÖN-KLINIKUM AG: Analyst vonference in FrankfurtRHÖN-KLINIKUM AG / Forecast/Miscellaneous
08.11.2007
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Results for the first nine months of 2006
(already published) explained
Trend result for 2007
Market position and future strategy
Forecast for 2008
Bad Neustadt/Saale, 8 November 2007 ----- At Rhön-Klinikum AG's analyst
conference held today in Frankfurt/Main, the Group's results for the first
nine months of 2007 (already published on 25 October) were once again
briefly explained and the parameters underpinning the expected results
discussed. For the first nine months of 2007 the Group reported revenues of
EUR 1.5 billion (same period last year: EUR 1.4 billion / +5.9%). With
reference to the third quarter, consolidated revenues rose compared with
the same period in 2006 by 3.2% to reach EUR 505.6 million (previous year: EUR
489.8 million). Net consolidated profit in the first nine months of 2007
(before minority interests in profit) reached EUR 86.9 million (previous
year: EUR 70.1 million / + 24%). With reference to the first nine months of
2007, earnings per share rose to EUR 0.80 (previous year: EUR 0.65). The
chairman of the Board of Management also confirmed the forecast already
given for full-year 2007, with aggregate revenues expected to reach EUR 2
billion and net consolidated profit slightly exceeding EUR 110 million.
Market position and future strategy
Regarding the acquisition strategy, Pföhler observes: 'We are well prepared
from a personnel, organisational and financial standpoint to admit further
hospitals to our Group.' Given the worsening financial situation of public
hospitals, the Group expects the privatisation of hospitals to once again
be resorted to more frequently as an alternative. The need for public
grants will mount as a result of the burdens from higher wages and changes
in legislation. The gap between investment requirement and available
funding continues to widen with many hospitals. The result is an investment
policy that depends on the state of finances. Necessary structural
investments are being put off in many places.
RHÖN-KLINIKUM Group announced that in 2008 it would further develop its
strategic concept of 'quality through standardisation and service volumes'.
The measures include greater use of technology and rationalisation of
clinical processes, the creation of new professional perspectives for
doctors as well as the establishment of medical service networks. As one
example of the greater use of technology, Pföhler cited the WEB-based
electronic patient file (WebEPA) that the Company will launch Group-wide.
Moreover, the Group will expand measures for ongoing and
further-qualification training. To enhance medical efficiency within the
Group's hospital network, a centre for ongoing and further-qualification
training at the University Hospital of Marburg is to be established. Junior
physicians are to be given the possibility of completing their training as
specialist physicians at the Group hospitals of RHÖN-KLINIKUM AG within the
shortest possible time - as a rule five years. Pföhler also announced that
the medical performance networks would be expanded across sectors and that
the interaction between research and teaching at the university hospitals
with the Group's other facilities would be stepped up.
Forecast for 2008
For financial year 2008 the Board of Management have set the goal for
revenues at slightly above EUR 2 billion. For 2008 the Board of Management
puts net consolidated profit at EUR 123 million. Compared with 2007, that
translates into an absolute rise in profit of EUR 12.5 million. Since the tax
effects in 2007 and in 2008 - each at roughly EUR 10 million to EUR 11 million
- are about as high, Pföhler stated: 'The expected growth in profit of 11.3
% will be generated in 2008 entirely from the operative business.'
Brigitte Sallwey
Sallwey & Partner
Telemannstr. 18
D-60323 Frankfurt
Tel.: 069-97203628
08.11.2007 Financial News transmitted by DGAP
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Language: English
Issuer: RHÖN-KLINIKUM AG
Schlossplatz 1
97616 Bad Neustadt a.d.Saale
Deutschland
Phone: +49 (0)9771 - 65-0
Fax: +49 (0)9771 - 97 467
E-mail: fire.ir@rhoen-klinikum-ag.com
Internet: www.rhoen-klinikum-ag.com
ISIN: DE0007042301
WKN: 704230
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
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