Sales and occupancy rate increased based on the half year comparison – Earnings improvement achieved in the 2nd quarter of the 2009 financial year

Offenburg, August 13, 2009 – The MEDICLIN Aktiengesellschaft (MediClin) has generated sales of EUR 230,9 million in the first six months of the current 2009 financial year, this is EUR 5.3 million or 2,3% more than in comparison period 2008. The increased sales revenues could compensate higher cost of materials and higher staff costs.

The Group operating result of the first half-year of 2009 amounted to EUR 5.3 million thus EUR 0.1 million above previous year’s value (1 HY 2008: EUR 5.2 million). Especially the 2nd quarter of 2009 has contributed positively to the operating income of the first half-year of 2009 by EUR 5.4 Mio. million. The quarterly development of 2009 shows, that the result in the 2nd quarter mainly has improved significantly in the post-acute segment. While an operating result of EUR -3.3 million was generated in the 1st quarter 2009, the operating result of the 2nd quarter was EUR 2.0 million, corresponding to a positive swing of EUR 5.3 million. The acute segment reported an improved result of EUR 1.3 million EUR over the same quarter last year and of EUR 0.6 million over the 1st quarter of 2009.

The comprehensive income attributable to shareholders of MediClin AG amounted to EUR 2,0 million (1 HY 2008: EUR 1,5 million) in the first half-year of 2009. Undiluted and diluted earnings per share were EUR 0.04 / basis: 47.25 million shares (1 HY 2008: EUR 0.05 / basis: 31.5 million shares).

MediClin shows liquid assets of EUR 46.6 million at the end of the reporting period (30.06.2008: EUR 22.8 million). The increase of liquid assets was primarily attributable to a capital increase performed in November 2008.

Occupancy rate of the Group increased by 0.6 percentage-points up to 86.3% compared to the previous year’s period

The occupancy rate in the post-acute segment increased to 86.1% (1 HY 2008: 85.9%) and in the acute segment to 85.6% (1 HY 2008: 82.9%). The occupancy rate in the business area of nursing care decreased slightly showing an occupancy rate of 91.9% (1 HY 2008: 92.1%).

On Group-level the number of nursing days (-0.2%) and the number of cases (-0.2%) fell slightly all in all in half-year comparison. Whereas the number of nursing days in the post-acute segment and in the number of cases in the acute segment increased slightly.

Outlook revised

For the 2009 financial year, the Management Board anticipate that, without external growth, sales will remain at the previous year’s level. Currently, it is not possible to predict to what extent a decline in employment levels will impact the budgets of the coverage providers and their tendering practices. However, it is clear that the financial situation of public authorities will worsen. Nevertheless MediClin intends to achieve a result comparable with the previous year by improving efficiency and a tightening cost management.

With regards to external growth, acquisition efforts in the acute sector are the main focus. Potential acquisitions and co-operations are being reviewed, paying particular attention to what extent these are consistent with MediClin’s Company strategy of integrated medical care.
The average number of employees in the first half-year of 2009, calculated on the basis of full-time staff, was 5,794 full-time employees (1 HY 2008: 5,788 full-time employees).

The interim report for the first half-year of 2009 financial year is available in German und English at www.mediclin.de.

About MediClin AG (Ticker: MED; ISIN: DE0006595101)

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 33 clinics and 7 nursing care facilities and 5 Medizinische Versorgungszentren (medical care units) in 11 federal states MediClin has a total capacity of approximately 7,900 beds. MediClins’ 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 7,800 employees.