RHÖN-KLINIKUM AG | 02/13/2006

Preliminary trend figures for 2005

  • Strong growth in revenue by 35.4% to € 1.415 billion
  • Own earnings forecast exceeded – net consolidated profit € 88.2 million
  • Group’s hospitals treat nearly one million patients

Bad Neustadt a. d. Saale, 13 February 2006 ----- The preliminary trend figures for financial year 2005 published today by RHÖN-KLINIKUM Group, Germany’s first listed hospital group with headquarters in the Rhön, confirm the expected strong growth in revenue. The consolidated results presented show that RHÖN-KLINIKUM AG slightly exceeded its own forecast.

Helped by the first-time consolidation of the hospitals newly acquired in 2005 (Dachau, Indersdorf, Erlenbach, Miltenberg, München-Pasing, München-Perlach, Gifhorn, Wittingen, Salzgitter-Lebenstedt, Salzgitter-Bad, Hildesheim), revenues grew by 35.4% to € 1.415 billion (previous year: € 1.045 billion). EBITDA* rose 12.1% to reach € 202.8 million (previous year: € 180.9 million). The operating cash flow stood at € 150.6 million, 9.7% above the previous year’s level (€ 137.3 million). EBIT** posted a 13.4% gain to reach € 140.4 million (previous year: € 123.8 million).

2005 net consolidated profit – before minorities – rose 10.0% to € 88.2 million (previous year: € 80.2 million), slightly exceeding the Management’s own expectations. The earnings-per-share (EpS) figure was € 1.61 (previous year: € 1.47 = adjusted).

During the year ended 31 December 2005, the Group's hospitals treated a total of 949,376 patients (previous year: 598,485), of which 410,585 (previous year: 287,143) in the acute inpatient, 529,860 (previous year: 304,214) in the outpatient and 8,931 (previous year: 7,128) in the rehab and other areas.

As at 31 December 2005, the 41 consolidated hospitals owned by RHÖN-KLINIKUM AG had over 12,217 beds/places (previous year: 9,211). Taking into account the new acquisitions to be consolidated for the first time in 2006 (Heinz Kalk-Krankenhaus in Bad Kissingen, Frankenwaldklinik in Kronach, Universitätsklinikum Gießen und Marburg), RHÖN-KLINIKUM Group currently counts 45 hospitals with 14,620 beds/places as at February 2006.

“We will continue to pursue profitable growth and not revenue growth at any price”, said Wolfgang Pföhler, chairman of the Board of Management of RHÖN-KLINIKUM AG. “This is the only way we can be sure to achieve our corporate goal of providing trend-setting, high-quality and yet affordable healthcare to patients.

The first teleportal clinics having come on stream in 2005 together with the takeover of the university hospitals Universitätsklinikum Gießen und Marburg make us confident that we will be able to offer solutions for all levels of care and for all market segments (= generalised healthcare delivery)”, Pföhler added.

The successful integration of the university hospitals in Gießen and Marburg will be a key task in 2006 and the following years. The groundwork has been laid for this with the swift closing of the transaction in February 2006 and the takeover of the management at the same time.

“We are aware of the dimension of this long-term task”, explained Wolfgang Pföhler “which we will assume taking a systematic approach”.

For financial year 2006 the Group’s Management – without taking account of additional acquisitions – is forecasting revenues of nearly € 1.9 billion and net consolidated profit of € 93 million.


Note to the editor: We kindly ask you to include the following IR events in your event calendar:

Wednesday, 26 April 2006 – 10.00 a.m. Results press conference 

MARITIM Hotel, Theodor-Heuss-Allee 3,

D-60327 Frankfurt/Main

Wednesday, 19 July 2006 – 10.00 a.m. Annual General Meeting 

Congress Center Messe Frankfurt

Ludwig-Erhard-Anlage 1, D-60327 Frankfurt/Main


* Earnings before depreciation/amortisation, interest and income tax

** Earnings before interest and income tax = operating result