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Rhoen-Klinikum Annual Profit Declines 43% - Quick Facts

2/21/2013 1:15 AM ET

German hospital operator Rhoen-Klinikum AG (RKKPF.PK) Thursday said net consolidated profit for 2012 fell 43 percent to 92 million euros from 161 million euros in the prior year.

According to the company, the commitment of the management resources to non-operational matters following the take-over attempt by Fresenius had a negative impact on operations. This, combined with one-off costs like substantial consulting costs and personnel changes on management board, caused a decline in net consolidated profit.

EBITDA deteriorated around 14 percent to 292 million euros from 338 million euros.

Revenue grew around 9 percent to 2.86 billion euros from 2.69 billion euros.

Number of patients treated increased 12.2 percent to 2.56 million from 2.28 million.

In 2013, the firm expects to exceed the 3 billion euros revenue threshold for the first time. The company has a net consolidated profit forecast of 110 million euros and an EBITDA forecast of 325 million euros, each with a fluctuation range of plus or minus 5 percent.

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by RTT Staff Writer

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