Financial Review
Preliminary Remarks
The management report of CompuGROUP Holding AG for the financial year 2009 shows certain differences in comparison with the prior year report with regard to its structure. The goal of these changes is to improve the informational value and to render the reporting more comprehensible.
5 YEARS OVERVIEW
| Significant items | 2009 | 2008 | 2007 | 2006 | 2005 |
| EUR m | EUR m | EUR m | EUR m | EUR m | |
| Group sales | 293.41 | 229.19 | 180.19 | 140.12 | 115.96 |
| Expenses for goods and services purchased | 61.03 | 49.25 | 39.03 | 32.78 | 26.34 |
| Personnel expenses | 130.18 | 95.77 | 65.61 | 48.81 | 37.24 |
| Other expenses | 53.09 | 47.07 | 34.75 | 28.12 | 20.30 |
| EBITDA | 59.17 | 49.32 | 50.61 | 38.35 | 39.81 |
| in % | 20.17% | 21.52% | 28.09% | 27.37% | 34.33% |
| EBIT | 24.80 | 12.8 | 27.44 | 21.91 | 26.76 |
| in % | 8.45% | 5.58% | 15.23% | 15.64% | 23.08% |
| EBT | 18.32 | 6.98 | 23.02 | 19.83 | 24.67 |
| in% | 6.24% | 3.05% | 12.78% | 14.15% | 21.27% |
| Group net income | 11.72 | 1.27 | 22.84 | 11.36 | 15.39 |
| in% | 3.99% | 0.55% | 12.68% | 8.13% | 13.27% |
Revenue
Consolidated revenue in 2009 was EUR 293.4 million compared to EUR 229.2 million in 2008. This represents an increase of 28 percent. Acquisitions contribute 20 percent to growth and organic growth was 8 percent (10 percent at constant exchange rates).
In the HPS segment, revenue was EUR 223.6 million compared to EUR 156.5 million in 2008. This represents an increase of 43 percent of which 15 percent is organic growth at constant exchange rates. Ambulatory Information Systems (AIS) grew strongly at 45 percent of which 13 percent is real organic growth at constant exchange rates.
Changes to the AIS business model in Germany make up 7 out of the 13 percent organic growth rate, and the remaining organic growth primarily stems from new value-added products and services sold to existing customers.
Within Hospital Information Systems (HIS) the year-on-year growth was 40 percent going from 2008 to 2009 of which 17 percent is real organic growth at constant exchange rates. The increased hospital business volume stems from large contract wins in 2008 and also from one-off deliveries of third party hardware and software in conjunction with these projects (EUR 3.5 million).
