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Increase in sales compared with the previous year’s quarter
Frankfurt/Main, May 9, 2008 – In the first three months of the 2008 financial year MediClin shows an increase in sales of 14.6 million Euro or 15.4% to 109.3 million Euro compared with the previous year’s quarter. Without the facilities of Kraichgau-Klinik Group acquired in January and initially consolidated in 2008 sales would have increased by 2.5 Mio. Euro or 2.7%. Despite higher expenses of approximately 4.0 million Euro against the previous year’s period a positive operating Group result in the amount of 0.4 million Euro (Q1 2007: 1.5 million Euro) could be reported. The occupancy rate is pleasing; with 83.1% it is clearly above the previous year’s figure (Q1: 2007: 81.4%).
Sales in the post-acute segment rose by 4.9 million Euro to 57.7 million Euro (Q1 2007: 52.8 million Euro). The result worsened by 1.0 million Euro to –3.3 million Euro (Q1 2007: – 2.3 million Euro), which was largely attributable to rental costs, which were 1.9 million Euro higher. The proportion of subsequent nursing treatment lies at 61.1% (Q1 2007: just under 64%) including the newly acquired facilities. In the acute segment, sales could be raised by EUR 9.4 mill. or 23.8 %. The result for the quarter was unchanged at EUR 3.9 mill. The EBIT margin amounted to 8.0% (Q1 2007: 9.9%). The nursing care segment attained sales of EUR 2.7 mill. (Q1 2007: EUR 2.4 mill.).
In total, the number of nursing days provided in the Group rose by 9.3% or 50,124 days and the number of cases in the Group rose by 8.5% or 2,236 cases as compared to the same quarter of the previous year. In the post-acute segment, due to the acquisition of Kraichgau-Klinik AG, the nursing days and cases of the rehabilitation clinics Bad Rappenau and Gernsbach, and in the acute segment, the nursing days and cases of Herzzentrum Lahr/Baden were reflected. The occupancy rates in all three segments were significant higher than the occupancy rates for the same quarter of the previous year even including the new facilities.
The number of employees for the first quarter of 2008, calculated on the basis of full-time staff, was 5,772 full-time employees including the full-time staff of the newly consolidated facilities of the Kraichgau-Klinik Group (Q1 2007: 5,230 full-time staff).
The interim report as of March 31, 2008 is available on www.mediclin.de.
About MediClin AG (Ticker: MED; WKN: 659 510)
MediClin AG is a nation-wide clinic operator and large provider of services in the area of Psycho- and Neurosciences as well as Orthopaedic. With 34 clinics and eight nursing care facilities and three Medizinische Versorgungszentren (medical care units) in eleven federal states MediClin has a total capacity of approximately 8,100 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 7,900 employees.