04.05.2018
RHÖN-KLINIKUM AG DE0007042301
DGAP-News: RHÖN-KLINIKUM AG: First quarter 2018 results: RHÖN-KLINIKUM AG successfully concludes first quarter with a significant jump in profits
DGAP-News: RHÖN-KLINIKUM AG / Key word(s): Quarter Results/Quarter Results
RHÖN-KLINIKUM AG: First quarter 2018 results: RHÖN-KLINIKUM AG successfully
concludes first quarter with a significant jump in profits
04.05.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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Corporate News
Bad Neustadt a. d. Saale | 4 May 2018
First quarter 2018 results: RHÖN-KLINIKUM AG successfully concludes first
quarter with a significant jump in profits
* Revenues up 3.9 per cent, consolidated profit climbs by nearly a quarter
* Strategic focus remains on campus approach for cross-sector healthcare
delivery in rural areas and on the use of intelligent digital IT
solutions
* Dr. Gunther K. Weiß joins Board of Management team; at the same time
allocation of duties reorganised
Compared with the same period of the previous year, RHÖN-KLINIKUM AG
succeeded in raising consolidated profit by nearly a quarter, with EBITDA
and revenues also posting robust gains: over the first quarter of 2018 we
treated a total of 216,602 patients (+ 2.1%) at our Group hospitals,
generating revenues of 311.7 million (+ 3.9%), earnings before interest, tax
and depreciation (EBITDA) of 27.6 million euros (+ 8.2%) as well as
consolidated net profit from this of 10.4 million euros (+ 23.8%). This
growth in quarterly profit does not yet include the positive effects from
the successful agreement on separate accounting with the Federal State of
Hesse and the two universities of Giessen and Marburg: here, the final
prerequisite of the agreement reached in 2017 - the arm's length comparison
of the agreement by an auditor - is expected to be met within a few months.
"Our focused Group strategy - the cross-sector campus approach for excellent
medical care in rural areas and the new widespread use of intelligent
software in the medical, nursing and as well as administrative areas -
continues to be the basis for our Company's long-term success. We have made
a good start into 2018, and expect significant growth in profits to
continue. This also reflects our intensive efforts to tackle operative
challenges from past years more consistently than in the past", stated
Stephan Holzinger, CEO of RHÖN-KLINIKUM AG.
Changes on the Board of Management
Dr. Gunther K. Weiß was appointed as a new member of the Board of Management
by the Supervisory Board of RHÖN-KLINIKUM AG unanimously on the proposal of
the chairman of the Board of Management with effect from 1 March 2018,
whereas Dr. Dr. Martin Siebert was recalled from the Board of Management on
28 March 2018.
In his position as chief operating officer of the Board of Management (COO),
Dr. Weiß continues to assume the management of Universitätsklinikum Gießen
und Marburg (UKGM). As in the past, Professor Dr. Bernd Griewing, as chief
medical officer on the Board of Management (CMO), will continue to be
responsible for systematising medical quality at the hospitals, for the
further development of the Medical Board as well as for innovative
developments in cross-sector integrated medical care, digitalisation and
telemedicine. The chairman of the Board of Management, Stephan Holzinger
(CEO/CFO), will increasingly turn his attention to promoting the Company's
further strategic development, particularly as regards new business models
and gradually rolling out the RHÖN campus approach to new sites.
Annual General Meeting on 6 June 2018
At this year's Annual General Meeting on 6 June 2018 in Bad Neustadt a. d.
Saale, the Board of Management and the Supervisory Board propose paying out
of net distributable profit a dividend of 0.22 euros per ordinary non-par
share. This translates into a payout ratio of roughly 40 per cent, which was
already taken as a basis for the dividend payout in 2017. With this ratio,
our Company safeguards the medium-term ability to fulfill its capex-needs
yet also allows its shareholders to participate in the success of the
company. Based on the current number of shares (roughly 66.9 million) that
translates into a dividend total of around 14.7 million euros.
Outlook
For the current financial year 2018, we expect revenues of 1.24 billion
euros within a range of plus or minus 5 per cent. Regulatory measures such
as lower remuneration for services entailing high material cost intensity,
particularly in the field of cardiology, or the fixed cost degression
discount on surplus services, have to be taken into account as burdening
factors. For earnings before interest, tax and depreciation/amortisation
(EBITDA), we expect a much higher level compared with 2017 of between 117.5
million euros and 127.5 million euros - which in addition to other effects
is favourably influenced by the agreement on separate accounting at UKGM.
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RHÖN‐KLINIKUM AG is one of the largest healthcare providers in Germany. The
hospital Group offers excellent medical care with a direct link to
universities and research facilities. More than 830,000 patients are treated
every year at the five Group hospitals located in Bad Berka, Bad Neustadt,
Frankfurt (Oder), Giessen and Marburg (UKGM) where approx. 16,700 employees
work. With the RHÖN campus concept the Company is currently implementing an
innovative and path breaking project that raises fully comprehensive
healthcare in rural areas to a new level of excellence and is geared to the
growing needs of patients. www.rhoen-klinikum-ag.com
Contact: RHÖN-KLINIKUM AG | Head of Investor Relations
Mr. Julian Schmitt | Telephone: +49 9771 65-1536 | E-Mail:
[email protected]
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Language: English
Company: RHÖN-KLINIKUM AG
Salzburger Leite 1
97616 Bad Neustadt a.d.Saale
Germany
Phone: +49 (0)9771 - 65-0
Fax: +49 (0)9771 - 97 467
E-mail: [email protected]
Internet: www.rhoen-klinikum-ag.com
ISIN: DE0007042301
WKN: 704230
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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