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euro adhoc: Curanum AG
Quarterly or Semiannual Financial Statements / CURANUM boosts EBIT by 92.8% in the first quarter

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
09.05.2005
In the first quarter of 2005, CURANUM AG, Munich, generated sales
revenues of EUR 45.2 million (previous year: EUR 42.6 million), while
total performance rose by 8.1 % to EUR 46.8 million (previous year:
EUR 43.3 million). These developments were mainly attributable to
higher capacity utilization, the consolidation of the
Franziskushausgruppe, as well as recalculations of investment costs
geared to increasing sales.
Earnings before interest, tax, depreciation and amortization (EBITDA)
rose by 83.0 % to EUR 4.2 million (previous year: EUR 2.3 million)
due to the virtually unchanged material costs over the same period
last year and the personnel costs that increased in step with the
sales revenues. In the first quarter, the EBITDA margin related to
total performance stood at 9%. In spite of higher goodwill
writedowns, earnings before interest and tax (EBIT) improved by 92.8%
to EUR 3.2 million (previous year: EUR 1.7 million), while pre-tax
earnings were up from EUR 1.4 million to EUR 3.1 million (+112,4%).
The financial result improved slightly to TEUR -157 (previous year:
TEUR - 229), the taxes on earnings increased due to the considerably
higher result from EUR 0.7 million to EUR 1.1 million. The Group
surplus for the period amounted to EUR 1.9 million following on EUR
0.7 million in the previous year (+185.1%), while earnings per share
(EPS) moved up from EUR 0.02 to EUR 0.06.
These results are based on the group financial statements of CURANUM
AG prepared according to the German HGB reporting standards. The
final quarterly report will be presented on May 17, 2005 and will be
the first report to be drawn up according to the international IFRS
standards.
Munich, May 9, 2005
The management board
end of announcement                    euro adhoc 09.05.2005 10:41:00 

Further inquiry note:

Bernd Rothe
Tel.: +49 (0)89 242065-60
E-Mail: bernd.rothe@curanum.de

Branche: Healthcare Providers
ISIN: DE0005240709
WKN: 524070
Index: Prime Standard, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Bayerische Börse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade

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