CEGEDIM: Consolidated Turnover as at 31 December 2003.Business Editors/Health/Medical Writers BOULOGNE-BILLANCOURT, France--(BUSINESS WIRE)--Feb. 11, 2004 CEGEDIM Group (Paris Exchange:CGDM CGDM Consortium on Green Design and Manufacturing .PA)(Euronext:CGM (1) (Computer Graphics Metafile) An ISO/IEC standard format for 2D graphics images introduced in 1987. Primarily a vector graphics format for technical illustrations and geophysical visualizations, CGM also supports raster graphics and text. )
CONSOLIDATED TURNOVER
as at 31 December 2003
31 Dec. 31 Dec. Variation
2003 2002 acquisitions
CEGEDIM GROUP EUR'000 EUR'000 Variation excluded
----------------- ------------ ------------ ------------ ------------
1st Quarter 88,987 79,160 12% 6.3%
2nd Quarter 102,256 88,840 15% 4.6%
3rd Quarter 90,790 78,909 15% 6.4%
4th Quarter 104,489 93,168 12% 8.1%
Total 386,522 340,077 13.7% 6.4%
Distribution:
Databases, CRM
and Marketing 223,128 196,578 13.5% 8.9%
Pharmaceutical
companies 189,530 162,857 16% 11%
Direct marketing 33,598 33,721 0% 0%
Software and IT
Services 163,394 143,499 13.9% 3.0%
Healthcare
professionals 71,409 72,401 -1% -1%
Electronic money
and insurances 60,251 40,392 49% 10%
IT, management
and the
Internet 31,734 30,706 3% 3%
Total 386,522 340,077 13.7% 6.4%
The CEGEDIM Group records an increase in turnover by 13.7% in 2003, with an internal growth of 6.4%, knowing that a disengagement disengagement /dis·en·gage·ment/ (dis?en-gaj´ment) emergence of the fetus from the vaginal canal. dis·en·gage·ment n. in some activities has started. The growth rate is notably strong within divisions achieving the highest margins. Those divisions amount to 65% of the group's consolidated turnover and both record more than 10% of internal growth. With regard to these achievements, the consolidated operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. should be better than expected and thus confirm the trend which has started over the first semester se·mes·ter n. One of two divisions of 15 to 18 weeks each of an academic year. [German, from Latin (cursus) s with growing operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: . 'Pharmaceutical companies' -- the 'Customer Relationship Management' business keeps on growing successfully on the international scale: +21% of internal growth and +32% including the MSM MSM - Micronetics Standard MUMPS group acquired at the end of September 2002. French activities achieve a sustained growth of 5%. -- Services in 'Information and databases' globally increase by 20% (including the CAM group since May 2002). Internal growth stands at 11% in France and 12% for international activities (Medimed in Germany clearly overtakes breakeven breakeven 1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations ). The 'Direct marketing' activities experience a noticeable decrease over the last quarter, compared to a good year end in 2002. The computerization com·put·er·ize tr.v. com·put·er·ized, com·put·er·iz·ing, com·put·er·iz·es 1. To furnish with a computer or computer system. 2. To enter, process, or store (information) in a computer or system of computers. of doctors in the UK falls by 6% in 2003, with a global impact of -14% on the 'Healthcare professionals' division, due to an adverse exchange rate on the sterling pound. However, the margins have been preserved over 2003 and milestones have been established in order to allow an active cooperation, since 2004, with the 'Local Service Providers' in charge of applying the guidance of the computerization programme for Healthcare in the UK. The French activities (amounting to 60% of the division) rise by 9% globally. 'Electronic money and insurances' activities achieve strong internal growth (+11%). The impact of the PROVAL PROVAL Proteccion de Valores (Guatemala) group shall be added since April 2003. Services in 'IT, management and the Internet' grow by 10.6 %, without taking into account the lower margin business. Public company with share capital of 8,891,004.61 euros Registered office: 127 a 137 rue d'Aguesseau, 92100 Boulogne Trade and Commercial Register: Nanterre B 350 422 622 |
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