EQS-News

CompuGroup Medical with solid first quarter against strong prior year

EQS-News: CompuGroup Medical SE & Co. KGaA / Key word(s): Quarter Results/Quarterly / Interim Statement CompuGroup Medical with solid first quarter against strong prior year 08.05.2024 / 07:07 CET/CEST The issuer is solely responsible for the content of this announcement. CompuGroup Medical with solid first quarter against strong prior year

• Revenues down by 2%, organic growth of 3% adjusted for TI one-offs
• Recurring revenue share increases to 75%
• Advancing digitization in German and French healthcare
• Continuing revenue conversion of hospital order backlog
• Leverage reduced to 2.6x

 Koblenz - At CompuGroup Medical SE & Co. KGaA (CGM), the first quarter of the year was marked by the accelerating digitization of the European healthcare sector with increasing digital exchange of documents within two of CGM’s major markets. In Germany, the number of e-prescriptions has increased strongly post becoming mandatory in January 2024. 113 million e-prescriptions were redeemed in the first quarter. More than 30% of all German e-prescriptions were issued in CGM’s ambulatory information systems. In France, the number of digital health documents per month increased by more than 160% within less than a year after the rollout of the first wave of Segur, the government initiative for the digitization of ambulatory healthcare. 41% of the documents created in March 2024 were processed within the ambulatory information systems of CGM France. In the US, the team is set for the second wave of the rollout of the reimbursement & clearinghouse solution eMEDIX. In the hospital business, CGM continues to see high interest for its CGM Clinical software, supported by the continuing rollout of the order backlog for projects relating to the Hospital Future Act.

CEO Michael Rauch says: “Finally we are seeing a meaningful increase in traffic of electronic healthcare documents in our markets. We have made good progress in the first quarter, supporting our customers on their path of increasing digitization, enabling a fully digital patient journey.”