Financial News

Sharp increase in the number of patients, revenues and earnings Asklepios finished FY2010 on a high note, reporting strong growth in all its key performance indicators (KPIs). The dynamic development of one of the largest privately managed clinic operators in Germany continued despite a challenging overall economic climate. The clinic group’s revenues increased 6.6% to EUR 2,305 million (2009: EUR 2,163 million) on the back of a 6.5% rise in the number of patients treated. EBITDA soared over 15%, driven by efficiency improvements and other process optimization measures. Dr. Tobias Kaltenbach, Chairman of the Asklepios Group management board, said “The excellent developments in fiscal 2010 follow on the heels of a very successful 2009. The increased number of patients clearly confirmed our broad strategy. New and attractive high-quality medical offers and state-of-the-art processes for in-patient treatment enabled us once again to generate strong growth.” Group CFO Stephan Leonhard added: “We succeeded in beating our ambitious growth and income targets in almost every area. In doing so, the performance of our Hamburg clinics in fiscal 2010 was particularly prominent, standing out as one of the most successful business years in our corporate history.”

6.5 percent rise in number of patients The Asklepios Group once more reports a sharp rise in turnover and net profit for the first three quarters of FY 2010. With turnover up 6.5 percent at Euro 1,705.4 million (Q3/2009: Euro 1,602.0 million), the clinic group sees itself on track to completing a thriving full business year. It also announces a notable increase in operating profits of ca. 16 percent compared to the same period last year. Further to this, a bond issue in late September secured the group additional financial reserves for future refinancing and investments.

Sharp rise in number of patients, revenues and earnings The Asklepios Group reported significant increases in the number of patients treated (+12.3 percent at over 814,000) and turnover +7.2 percent at 1,139.3 million Euros (H1/2009: 1,063.2 million Euros) in the first half of FY2010. The hospital group which, with over 20 percent market share is one of the three largest operators of private hospitals in Germany, also reported a 22.5 percent jump in earnings realised through revenue growth and process optimisation.