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Corporate News | 11/08/2007

RHÖN-KLINIKUM AG: Analyst vonference in Frankfurt

RHÖN-KLINIKUM AG / Forecast/MiscellaneousRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.
• Results for the first nine months of 2006 (already published) explained• Trend result for 2007• Market position and future strategy• Forecast for 2008Bad Neustadt/Saale, 8 November 2007 ----- At Rhön-Klinikum AG’s analystconference held today in Frankfurt/Main, the Group’s results for the firstnine months of 2007 (already published on 25 October) were once againbriefly explained and the parameters underpinning the expected resultsdiscussed. For the first nine months of 2007 the Group reported revenues of€ 1.5 billion (same period last year: € 1.4 billion / +5.9%). Withreference to the third quarter, consolidated revenues rose compared withthe same period in 2006 by 3.2% to reach € 505.6 million (previous year: €489.8 million). Net consolidated profit in the first nine months of 2007(before minority interests in profit) reached € 86.9 million (previousyear: € 70.1 million / + 24%). With reference to the first nine months of2007, earnings per share rose to € 0.80 (previous year: € 0.65). Thechairman of the Board of Management also confirmed the forecast alreadygiven for full-year 2007, with aggregate revenues expected to reach € 2billion and net consolidated profit slightly exceeding € 110 million.Market position and future strategyRegarding the acquisition strategy, Pföhler observes: 'We are well preparedfrom a personnel, organisational and financial standpoint to admit furtherhospitals to our Group.' Given the worsening financial situation of publichospitals, the Group expects the privatisation of hospitals to once againbe resorted to more frequently as an alternative. The need for publicgrants will mount as a result of the burdens from higher wages and changesin legislation. The gap between investment requirement and availablefunding continues to widen with many hospitals. The result is an investmentpolicy that depends on the state of finances. Necessary structuralinvestments are being put off in many places.RHÖN-KLINIKUM Group announced that in 2008 it would further develop itsstrategic concept of 'quality through standardisation and service volumes'.The measures include greater use of technology and rationalisation ofclinical processes, the creation of new professional perspectives fordoctors as well as the establishment of medical service networks. As oneexample of the greater use of technology, Pföhler cited the WEB-basedelectronic patient file (WebEPA) that the Company will launch Group-wide.Moreover, the Group will expand measures for ongoing andfurther-qualification training. To enhance medical efficiency within theGroup’s hospital network, a centre for ongoing and further-qualificationtraining at the University Hospital of Marburg is to be established. Juniorphysicians are to be given the possibility of completing their training asspecialist physicians at the Group hospitals of RHÖN-KLINIKUM AG within theshortest possible time – as a rule five years. Pföhler also announced thatthe medical performance networks would be expanded across sectors and thatthe interaction between research and teaching at the university hospitalswith the Group’s other facilities would be stepped up.Forecast for 2008For financial year 2008 the Board of Management have set the goal forrevenues at slightly above € 2 billion. For 2008 the Board of Managementputs net consolidated profit at € 123 million. Compared with 2007, thattranslates into an absolute rise in profit of € 12.5 million. Since the taxeffects in 2007 and in 2008 – each at roughly € 10 million to € 11 million – are about as high, Pföhler stated: 'The expected growth in profit of 11.3% will be generated in 2008 entirely from the operative business.'Brigitte SallweySallwey & PartnerTelemannstr. 18D-60323 FrankfurtTel.: 069-9720362808.11.2007 Financial News transmitted by DGAP
Language: EnglishIssuer: RHÖN-KLINIKUM AG Schlossplatz 1 97616 Bad Neustadt a.d.Saale DeutschlandPhone: +49 (0)9771 - 65-0Fax: +49 (0)9771 - 97 467E-mail: fire.ir@rhoen-klinikum-ag.comInternet: www.rhoen-klinikum-ag.comISIN: DE0007042301WKN: 704230Indices: MDAXListed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service