Financial News

Number of patients rises 2.9 percent in the first quarter of 2011 Revenues and earnings continued to grow at Asklepios, one of Germany's largest privately managed clinic operators, over the first three months of FY 2011. It reported a 6.4 percent rise in sales to EUR 596.4 million (Q1/2010: EUR 560.6 million) and a 2.9 percent rise to 418,000 patients. Despite structural hurdles caused by underlying legislative requirements, the group succeeded in increasing its consolidated earnings by 5.2 percent.

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.