euro adhoc: Curanum AG / Financial Figures/Balance Sheet / Publishing the figures of Q1/ 2008 (E)

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

14.05.2008

Ad hoc announcement

CURANUM raises revenue by 12.5%

The CURANUM Group grew its first-quarter earnings from Euro 56.6 million to
Euro 63.7 million, which represents a year-on-year rise of 12.5%. The increase
in revenue, which reflects the first-time consolidation of the Elisa Group as
of January 1, 2008, nevertheless fell short of our expectations. The Group
occupancy rate dropped to around 88% due to a greater level of competitive
activities, few competitor operations leaving the market, and an increase in
mortalities.

As a consequence, earnings before interest, tax, depreciation and amortization
(EBITDA) fell in the first quarter from Euro 8.1 million in 2007 to Euro 7.9
million. The EBITDA margin declined from 14.3% to 12.4%, which was due to both
the lower occupancy and the budgeted integration expense for the new
facilities. Depreciation and amortization rose slightly from Euro 2.1 million
to Euro 2.3 million, and EBIT operating earnings in the first quarter amounted
to Euro 5.5 million (previous year: Euro 6.0 million). Following a net
financial result of - Euro 2.5 million (previous year: - Euro 2.0 million), and
the lower tax expense of Euro 0.9 million (previous year: Euro 1.5 million),
net income amounted to Euro 2.2 million (previous year: Euro 2.4 million).

As a result of higher expenses arising from depreciation, amortization, and
interest, accompanied by lower actual outgoing payments, cash flow rose from
Euro 3.5 million in the first quarter of 2007 to Euro 4.1 million in the first
quarter of 2008. Cash and cash equivalents increased from Euro 4.2 million to
Euro 10.2 million in a quarter-on-quarter comparison, and equity grew from Euro
41.4 million to Euro 64.7 million as of March 31, 2008.

Through the creation of the TQM level last year, and the resultant significant
improvement in operating management, we have already achieved successes in
terms of improved quality, and we are assuming this progress will continue.
This has unfortunately not yet been reflected in occupancy, but we are
convinced that quality will prove its value in the long term. We have
strengthened our marketing and sales measures, and expanded our extensive
education and training program. This is why we are confident that we will
further improve our occupancy position over the course of the year, and reach
our annual budget.

Munich, May 13, 2008

The Management Board

|Key figures IFRS as of March 31, 2008| | | |
| | | | | |
| | | | | |
|mil. Euro | |Q1/ 2008|Q1/ 2007 |FY 2007 |
| | | | | |
|Sales | |63.7 |56.6 |230.1 |
|Staff costs | |31.5 |27.9 |115.1 |
|Rental costs | |13.8 |11.1 |45.1 |
|EBITDA | |7.9 |8.1 |30.7 |
|in % of sales | |12.4% |14.3% |13.3% |
|Depreciation | |2.3 |2.1 |8.5 |
|EBIT | |5.5 |6.0 |22.1 |
|in % of sales | |8.6% |10.6% |9.6% |
|Financial result | |-2.5 |-2.0 |-9.4 |
|EBT | |3.0 |4.0 |12.7 |
|Net profit | |2.2 |2.4 |4.8 |
|EPS (Euro) | |0.07 |0.08 |0.15 |
| | | | | |
|Cashflow | |4.1 |3.5 |10.5 |
|CPS (Euro) | |0.13 |0.11 |0.16 |
| | | | | |
|Cash and cash equivalents | |10.2 |4.2 |25.6 |
|Equity capital | |64.7 |41.4 |62.5 |
|in % of balance sum | |25.8% |19.3% |26.0% |
|Balance sheet total | |250.8 |214.9 |239.7 |
| | | | | |

Further inquiry note:
Bettina Pöschl
Tel. +49(0)89-242065-69
E-Mail: bettina.poeschl@curanum.de

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter: Curanum AG
Maximilianstr. 35c
D-80539 München
phone: +49 (0)89 242065 60
FAX: +49 (0) 89 242065 10
mail: info@curanum.de
WWW: http://www.curanum.de
sector: Healthcare Providers
ISIN: DE0005240709
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
regulated dealing: Börse München
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print