RHÖN-KLINIKUM AG / Quarter Results/Results ForecastRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.
RHÖN-KLINIKUM AG, Bad Neustadt /Saale: - Q1 2007 results –• Revenue raised by 10.6% to € 502.0 million• Rise in net consolidated profit to € 25.2 million as expected• EBITDA increase to € 61.1 million• EBIT increase to € 40.4 million• EBT growth to € 35.0 million• Earnings per share € 0.46• Continuation of sound financial structures• Operating cash flow at € 45.9 million • Investments of € 31.5 million• 388,882 patients treated by Group hospitals during the first quarter• Group staff of 31,426 as at 31 March 2007• 45 hospitals with 14,577 beds/places as at 31 March 2007• First forecast confirmation for 2007: revenue of € 2.0 billion and netconsolidated profit of € 102 millionBad Neustadt a.d.Saale, 3 May 2007 ----- The interim report for the threemonths ended 31 March 2007 once again confirms the successful course takenby the listed hospital Group headquartered in the Rhön. Of the growth inrevenues by € 48.2 million to € 502.0 million (Q1 of previous year: € 453.8million/ + 10.6%), € 29.6 million is accounted for by revenue fromUniversitätsklinikum Gießen und Marburg in January 2007. Since thefirst-time consolidation took place only on 1 February 2006, noyear-on-year quarterly comparison is possible. The remaining rise inrevenues of € 18.6 million corresponds to organic growth in revenues of4.1% and reflects the development in case numbers with growth rates of 2.0%in the acute inpatient area and 13.0% in the outpatient area.Net consolidated profit in Q1 2007 saw a slightly disproportionate rise to€ 25.2 million (Q1 of previous year: € 22.7 million/+ 11.0%).Universitätsklinikum Gießen und Marburg improved its result and reduced theloss in the first quarter of 2007 to € 0.4 million (previous year: - € 2.6million for the months of February and March; first-time consolidation onlyfrom 1 February 2006). The other hospitals also improved their results forthe first quarter of 2007 compared with Q1 of the previous year by € 0.3million in total. This made it possible to compensate for the followingburdening effects: the increase in VAT to 19% (which has a cost effect inthe hospital area), the statutory reform impost for hospitals of 0.5% ofrevenues, and start-up financing for integrated care.In EBITDA (earnings before interest, taxes, depreciation and amortisation),the first quarter of 2007 recorded a gain by € 9.1 million or 17.5% to €61.1 million (Q1 of previous year: € 52.0 million) and in the operatingresult (EBIT = earnings before interest and taxes) by € 4.6 million (+12.9%) to € 40.4 million (Q1 of previous year: € 35.8 million). EBT (earningsbefore tax) saw a slightly disproportionate gain of 7.0% (Q1 of previousyear: 6.9%) by € 3.8 million to € 35.0 million (Q1 of previous year: € 31.2million). The depreciation and amortisation item rose disproportionately inthe first quarter of 2007 as a result of the commissioning of new andrefurbished hospital buildings during 2006 (Hildburghausen, Frankfurt(Oder), Nienburg) and the first quarter of 2007 (Pirna). Income tax rose inline with the increase in the assessment basis and due to the impact of therecognition of the corporate tax claim at the end of 2006.At the end of the first quarter of 2007, earnings per share stood at € 0.46(Q1 of previous year: € 0.42 adjusted / +11.1%).'Revenues and net consolidated profit have thus developed in line withexpectations', said Wolfgang Pföhler, chairman of the Board of Managementof RHÖN-KLINIKUM AG.Investments in the first quarter of 2007 of € 31.5 million (Q1 of previousyear: € 25.9 million) relate exclusively to replacement and top-upinvestments at existing hospitals; these were financed fully from theoperating cash flow of € 45.9 million (Q1 of previous year: € 38.9million).Coverage of long-term assets by long-term financing is 101.2 %; theseassets are financed by equity and long-term debt at matching maturities.Short-term loan capital continues to exceed short-term financial debt. 'TheGroup continues to enjoy stable and sound financial structures', explainedDietmar Pawlik, the company’s CFO.In the first three months of 2007 a total of 388,882 patients (Q1 ofprevious year: 313,774/+23.9%) were treated in the Group’s hospitals.Roughly 87% of this growth was accounted for by outpatient attendanceswhich in turn were largely driven by the first-time inclusion of fullfirst-quarter service volumes of the polyclinical facilities of theuniversity hospitals in Gießen and Marburg (previous year 1 February to 31March) and the first-time inclusion of service volumes at the medical carecentres (MVZs). Adjusting for these effects, the rise compared with thesame period last year was 13%.At the reporting date 31 March 2007, the Group employed a staff of 31,426(31 December 2006: 30,409). The increase by 1,017 versus the last reportingdate is attributable to the ten service companies that commenced theiroperations, adding 1,284 persons through transfers of staff previouslyemployed with external service companies working for the Group. At theGroup’s hospitals the number of employees declined by 267 versus the lastreporting date.As at the reporting date 31 March 2007, RHÖN-KLINIKUM Group had 45hospitals with 14,577 beds/places at a total of 34 sites in eight federalstates. The newly acquired district hospital Kreiskrankenhaus Köthen with264 beds will be consolidated with effect from 1 April 2007. That willbring the Group’s capacity to 14,841 beds/places in 46 facilities at 35sites in nine federal states.'We will continue this strategic growth course also in financial year2007', said a convinced Wolfgang Pföhler. 'Not including possible takeoversof further hospitals, we therefore confirm our revenue forecast of € 2.0billion.At the Results Press Conference on 19 April 2007, we already reported thatthe members of the Board of Management and the Supervisory Board arewaiving those components of their variable remuneration that areattributable to a one-off corporation tax effect (Section 37 CorporationTax Act). This is expected to bring an additional earnings effect ofroughly € 1.6 million in Q2 2007. We took this as an occasion to raise ourstated forecast for net consolidated profit by € 2 million to € 102million. In this connection we expect to achieve an overall balanced resultat Universitätsklinikum Gießen und Marburg in 2007 and to be able to fullyoffset the additional burdens for our hospitals of roughly € 39 millionexpected in 2007 from changes in legislation', concluded Wolfgang PföhlerBrigitte SallweySallwey & PartnerTelemansntr. 18D-60323 Frankfurt/MainTel.: (+49)069-97203628DGAP 03.05.2007 
 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.comwww: www.rhoen-klinikum-ag.comISIN: DE0007042301WKN: 704230Indices: MDAXListed: Amtlicher Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service