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COMPUGROUP MEDICAL AG (FRA:COP) CompuGroup Medical reduces FY 2019 EBITDA guidance due to one-off costs for abandoned major M&A transaction

Directive transparence : information réglementée

15/09/2019 19:53

DGAP-Ad-hoc: CompuGroup Medical SE / Key word(s): Profit Warning/Mergers & Acquisitions
CompuGroup Medical reduces FY 2019 EBITDA guidance due to one-off costs for abandoned major M&A transaction

15-Sep-2019 / 19:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


CompuGroup Medical has during the past months been in negotiations to acquire a larger non-European Healthcare IT provider. The review of the transaction (including due diligence) and the negotiations which were ended today resulted in transaction costs of a low double-digit million euro amount. The main portion of these transaction costs are incurred in the second half of 2019.
 
The executive board of CompuGroup Medical SE is therefore reducing its earnings guidance and is now expecting an EBITDA for the full year 2019 in the range of EUR 175 million to EUR 190 million taking into account the aforementioned M&A transaction costs, compared to previously expected EUR 190 million to EUR 205 million excluding M&A transaction costs. The expected range for revenues in the current year continues to be unchanged at EUR 720 million to EUR 750 million.


Contact:
Claudia Thomé
Head of Investor Relations
CompuGroup Medical SE
claudia.thome@cgm.com
phone +49 261 8000 7030
phone +49 261 8000 6200

15-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: CompuGroup Medical SE
Maria Trost 21
56070 Koblenz
Germany
Phone: +49 (0)261 8000 6200
Fax: +49 (0)261 8000 3200
E-mail: investor@cgm.com
Internet: www.cgm.com
ISIN: DE0005437305
WKN: 543730
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 873677

 
End of Announcement DGAP News Service

873677  15-Sep-2019 CET/CEST

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