EANS-News: Marseille-Kliniken AG confirms earnings improvement in Q1 2011/2012
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 3-month report Subtitle: - Group net profit up sharply from 0.3 million to 1.5 million - Revenues stable at 48.2 million - Significant increase in EBIT expected for the current financial year Hamburg, Germany (euro adhoc) - 16 November 2011 - Marseille-Kliniken AG confirms the statement made on 7 November 2011 on its performance in the first quarter of the financial year 2011/2012. In the first three months of the current financial year (1 July to 30 September 2011) Group net profit rose fivefold from EUR 0.3 million to EUR 1.5 million. The occupancy rate improved by 1.4 percentage points to 88.5%, beating last year´s average of 87.1%. Revenues were stable at EUR 48.2 million (previous year: EUR 49.1 million). "The performance in the first quarter of 2011/2012 shows that our strategic realignment not only had a positive impact on earnings for the 2010/2011 financial year, but that it is still visible in the current figures. We expect these positive developments to continue for the full financial year," said Michael Thanheiser, Chairman of Marseille-Kliniken AG. In the last financial year 2010/2011 Marseille-Kliniken AG pursed its strategic reorientation by focusing on its core competences in inpatient and outpatient nursing care for the elderly, strengthening its quality leadership and introducing a new decentralised management structure (the regional manager structure). Building on these foundations, total expenses were cut from EUR 49.4 million to EUR 46.4 million in the first quarter of 2011/2012. One specific example was the previously loss-making facility AMARITA Hamburg-Mitte, which reached break-even in the first quarter of 2011/2012.Revenues came to EUR 46.9 million in the first quarter of last year, not including the loss-making Montabaur site, which was sold in October 2010. On a like-for-like basis for the continuing operations, overall revenues went up by around EUR 1.3 million, which further underlines the improvement in Marseille-Kliniken AG´s results. Marseille-Kliniken AG operates 60 nursing facilities throughout Germany, with a headline capacity of 7,960 beds. In view of the first quarter´s earnings, Marseille-Kliniken AG affirms its forecast for the current financial year 2011/2012 of Group EBIT well above last year´s and a slight increase in revenues. Furthermore, the strategic focus will be on optimising the core nursing business and improving the financing arrangements. The full quarterly report is available to the public on the company´s website www.marseille-kliniken.de as of today. Further inquiry note: Christian Hillermann Hillermann Consulting Investor Relations for Marseille-Kliniken AG Poststraße 14/16 20354 Hamburg Germany Tel.: +49-(0)40 / 320 279-10 Fax: +49-(0)40 / 320 279-114 www.marseille-kliniken.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Marseille-Kliniken AG Alte Jakobstraße 79/80 D-10179 Berlin phone: +49 (0)30 246 32-400 FAX: +49 (0)30 246 32-401 mail: info@marseille-kliniken.de WWW: http://www.marseille-kliniken.de sector: Pharmaceuticals ISIN: DE0007783003 indexes: CDAX, Classic All Share, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Stuttgart, Düsseldorf, regulated dealing: Hamburg language: English
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