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Koblenz (dpa) - The demand for IT solutions for the healthcare sector and takeovers have driven the software provider Compugroup Medical at the start of the year.
However, as already announced by the management, higher investments slowed the profit growth of the Koblenz-based company.
Last year the MDax group bought parts of the European business for hospital information systems from Cerner and the Texan provider of doctor information systems eMDs.
Sales rose in the first quarter year-on-year by a quarter to 229 million euros, according to Thursday's announcement.
On its own, i.e. excluding takeovers, the increase was just under five percent.
The operating result increased by seven percent to 46.5 million euros, not quite as clearly as the revenues, but exceeded the expectations of experts.
The company had already announced a rather subdued profit development for 2021, as a lot of money is flowing into new technologies and sales this year in order to be able to take advantage of the growth opportunities offered by the digitization of the healthcare system.
The bottom line was that the shareholders even made less profit than a year ago at just under eleven million euros due to higher depreciation.
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Compugroup boss Dirk Wössner, who has been in office since the beginning of the year, reaffirmed the goal of cracking the billion in sales for the year as a whole.
He still sees the operating result between 210 and 230 million euros.
While that would be an increase of at least around a fifth in terms of sales, it would at best be a small plus in terms of operating profit.
© dpa-infocom, dpa: 210506-99-489846 / 2
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