CHG-MERIDIAN AG
CHG-MERIDIAN AG replicates record prior-year results
CHG-MERIDIAN AG / Key word(s): Final Results/Strategic Company Decision CHG-MERIDIAN AG replicates record prior-year results – Continuity: volume of lease originations once again exceeds EUR1 billion in 2014 – Diversification: establishment of the Healthcare technology segment gets off to a good start – Strategy: decisions taken in Northern Europe, the US, and Mexico will secure further growth Weingarten, February 13, 2015 Thanks to the continuous growth that it has generated, CHG-MERIDIAN AG – a financial and technology manager that operates through 40 branch offices in 23 countries around the world and is headquartered in Weingarten, southern Germany – managed to keep its volume of lease originations more or less unchanged last year at EUR1.004 billion (2013: EUR1.006 billion). On the income side, the Company increased its gross profit by 1.4 percent to EUR152 million in 2014 (2013: EUR150 million). Lease originations in CHG-MERIDIAN AG’s core market of Central Europe (Germany, Austria, Slovenia and Switzerland) grew by 2.2 percent to EUR518 million (2013: EUR507 million). By contrast, the volume of leases originated by CHG-MERIDIAN AG declined slightly year on year to EUR21 million in Eastern Europe (2013: EUR27 million) and decreased to EUR156 million in Western Europe (2013: EUR180 million). These results partly reflected the Company’s cautious approach – especially in the Russian market. “The fact that we have almost seamlessly replicated the record results we achieved in 2013 vindicates the strategy on which we have embarked and shows that we can gradually expand our market share even further,” said Jürgen Mossakowski, Chief Executive Officer of the privately owned company, at the annual press conference in Weingarten. Healthcare technology segment gets off to a good start Strategic decisions will secure further growth The Company also expects to generate further significant growth from the Americas region, which includes the United States, Mexico and Brazil. In 2014, however, its US subsidiary fell short of expectations and failed to meet its ambitious earnings targets. “We see the US, Mexico and Brazil as strategically important markets that offer us huge growth potential. We need to get back on track here – and that’s exactly what we will do,” stressed Mossakowski. By carrying out a local management restructuring in the fourth quarter of 2014, CHG-MERIDIAN has cleared the way for further growth. Shareholding in service provider Abakus it AG sold Abakus it AG – an engineering firm that provides information technology (IT) solutions and services – remains a key partner. “We and our solutions portfolio have evolved considerably in recent years, and we now work with a number of partners to ensure that we can deliver our services both nationally and internationally,” explained Mossakowski. “It therefore no longer makes sense for us to maintain a direct shareholding in a single service provider.” The parties involved have agreed not to disclose the purchase price. There will be no changes to the number of employees at Abakus it AG nor to its management team. CHG-MERIDIAN continues to strengthen its service activities The Company once again systematically expanded its service operations in 2014. The ongoing development and refinement of its strategically important service business focused on putting new organizational structures in place, continuing to establish its Service Delivery segment – which included downstream regional service structures in Germany, Austria, and Switzerland – and further improving the training and skills of its service staff in line with internationally recognized project management standards. Further information can be found at THE CHG-MERIDIAN GROUP’S KEY PERFORMANCE INDICATORS FOR 2014 (DECEMBER 31, 2014)
* This is the first year in which the northern Europe region has been included in CHG-MERIDIAN’s annual financial results. CHG-MERIDIAN acquired the Norway-based ACENTO Group in 2014. About CHG-MERIDIAN Efficient Technology Management by CHG-MERIDIAN(R) Matthias Steybe
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