We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cegedim | EU:CGM | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.35 | -2.77% | 12.30 | 12.00 | 12.70 | 12.65 | 12.30 | 12.65 | 965 | 16:40:00 |
Quarterly financial information as of March 31, 2023IFRS - Regulated information - Not audited
Boulogne-Billancourt, France, April 27, 2023, after the market close
Revenue
First quarter | Change Q1 2023 / 2022 | |||
in millions of euros | 2023 | 2022 | Reported | Like for like(1)(2) |
Software & Services | 80.4 | 71.2 | 12.9% | 12.0% |
Flow | 24.8 | 22.6 | 9.7% | 9.9% |
Data & Marketing | 24.6 | 22.5 | 9.5% | 8.3% |
BPO | 14.4 | 12.3 | 17.8% | 17.8% |
Corporate and others | 1.6 | 0.7 | 135.2% | 135.2% |
Cegedim | 145.9 | 129.2 | 12.9% | 12.2% |
(1) At constant scope and exchange rates. (2) The positive currency impact of 0.4% was mainly due to the pound sterling. The positive scope effect of 1.1% was attributable to the first-time consolidation in Cegedim’s accounts of new acquisitions Kobus Tech, Mesdocteurs, Laponi, and Clinityx.
Cegedim generated consolidated Q1 2023 revenues of €145.9 million, an increase of 12.9% as reported and 12.2% like for like(1) compared with the same period in 2022. All divisions contributed to the growth. Divisional growth rates ranged from 9.5% to 17.8%, confirming the good sales momentum seen in previous quarters.
Analysis of business trends by division
Software & Services | First quarter | Change Q1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
Cegedim Santé: | 20.6 | 14.7 | 40.1% | 33.2% |
Insurance, HR, Pharmacies, and other services | 47.3 | 44.5 | 6.2% | 6.0% |
International businesses | 12.5 | 12.0 | 4.4% | 8.1% |
Software & Services | 80.4 | 71.2 | 12.9% | 12.0% |
Cegedim Santé picked up its pace of growth to 40% compared with the first quarter of 2022. Ségur Act-related roll-outs generated €2.8 million in first-quarter revenues and acquisitions, €1.0 million. Other French activities grew sales by 6.2%, buoyed by HR activities and other services. International businesses returned to growth, particularly in the doctor and insurance segments in the UK.
FLOW | First quarter | Change Q1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
e-business | 15.0 | 13.7 | 9.5% | 9.9% |
Third-party payer | 9.8 | 8.9 | 9.9% | 9.9% |
Flow | 24.8 | 22.6 | 9.7% | 9.9% |
The process digitalization and digital data flow business grew by 9.5%. Both French and international activities contributed to the growth.
Third-party payer systems in France had an excellent first quarter, up nearly 10%, owing to strong invoice volumes in pharmacies and rising volumes in the hospital segment.
Data & Marketing | First quarter | Change Q1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
Data | 13.1 | 12.3 | 6.3% | 4.1% |
Marketing | 11.5 | 10.2 | 13.4% | 13.4% |
Data & Marketing | 24.6 | 22.5 | 9.5% | 8.3% |
Most of the growth in Data activities came from French sales. The positive scope effect of +2.2% was attributable to the first-time consolidation of Clinityx.
Advertising in pharmacies had a promising start to the year, growing by double digits.
BPO | First quarter | Change Q1 2023 / 2022 | ||
in millions of euros | 2023 | 2022 | Reported | LFL |
Insurance BPO | 8.8 | 7.5 | 16.3% | 16.3% |
HR BPO | 5.7 | 4.7 | 20.2% | 20.2% |
BPO | 14.4 | 12.3 | 17.8% | 17.8% |
BPO operations continued to post double-digit growth over the first quarter, driven equally by services aimed at health and personal protection insurance companies, and by those designed for clients’ HR departments.
Highlights
Apart from the items cited below, to the best of the company’s knowledge, there were no events or changes during Q1 2023 that would materially alter the Group’s financial situation.
The Group does not do business in Russia or Ukraine and has no assets exposed to those countries.
Significant transactions and events post March 31, 2023
To the best of the company’s knowledge, there were no post-closing events or changes after March 31, 2023, that would materially alter the Group’s financial situation.
Outlook
Based on Q1 2023 revenues up 12.2% like for like(1), and despite the public health, economic, geopolitical, and monetary uncertainty facing the world, the Group is confident it can grow full-year revenues by at least 10% like for like(1).
The Group does not expect to make any significant acquisitions in 2023.
---------
(1) At constant scope and exchange rates.
WEBCAST ON APRIL 27, 2023, AT 6:15 PM (PARIS TIME) |
The webcast is available at: www.cegedim.fr/webcast |
The Q1 2023 revenue presentation is available:
|
The Audit Committee met on April 26, 2023.
The Board of Directors, chaired by Jean-Claude Labrune, met on April 27, 2023.
2023 financial calendar
2023 | April 27 after the closeJune 16 at 9:30 amJuly 27 after the closeSeptember 20 after the close | Q1 2023 revenuesShareholders’ meetingH1 2023 revenuesH1 2023 results |
Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx
DisclaimerThis press release is available in French and in English. In the event of any difference between the two versions, the original French version takes precedence. This press release may contain inside information. It was sent to Cegedim’s authorized distributor on April 27, 2023, no earlier than 5:45 pm Paris time.The figures cited in this press release include guidance on Cegedim's future financial performance targets. This forward-looking information is based on the opinions and assumptions of the Group’s senior management at the time this press release is issued and naturally entails risks and uncertainty. For more information on the risks facing Cegedim, please refer to Chapter 7, “Risk management”, section 7.2, “Risk factors and insurance”, and Chapter 3, “Overview of the financial year”, section 3.6, “Outlook”, of the 2022 Universal Registration Document filled with the AMF on April 12, 2023, under number D.23-0266. | |||
About Cegedim:Founded in 1969, Cegedim is an innovative technology and services company in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs more than 6,000 people in more than 10 countries and generated revenue of €555 million in 2022. Cegedim SA is listed in Paris (EURONEXT: CGM).To learn more, please visit: www.cegedim.frAnd follow Cegedim on Twitter @CegedimGroup, LinkedIn and Facebook. | |||
Aude BalleydierCegedimMedia Relations and Communications ManagerTel.: +33 (0)1 49 09 68 81aude.balleydier@cegedim.fr | Jérôme MoreauCegedimDirector of Management Control Head of Financial CommunicationTel.: +33 (0)7 85 63 61 99jerome.moreau@cegedim.com | Céline Pardo .becomingMedia Relations Tel.: +33 (0)6 52 08 13 66cegedim@becoming-group.com |
Annexes
Breakdown of revenue by quarter and division
in € thousands | Q1 | Q2 | Q3 | Q4 | Total | |||
Software & Services | 80.4 | 80.4 | ||||||
Flow | 24.8 | 24.8 | ||||||
Data & marketing | 24.6 | 24.6 | ||||||
BPO | 14.4 | 14.4 | ||||||
Corporate and others | 1.6 | 1.6 | ||||||
Group revenue | 145.9 | 145.9 |
in € thousands | Q1 | Q2 | Q3 | Q4 | Total | |||
Software & services | 71.2 | 74.4 | 75.2 | 81.1 | 302.0 | |||
Flow | 22.6 | 22.6 | 21.5 | 23.9 | 90.6 | |||
Data & marketing | 22.5 | 27.6 | 22.8 | 34.1 | 106.9 | |||
BPO | 12.3 | 13.1 | 13.0 | 14.6 | 53.0 | |||
Corporate and others | 0.7 | 0.7 | 0.8 | 0.7 | 2.8 | |||
Group revenue | 129.2 | 138.3 | 133.3 | 154.4 | 555.2 |
Breakdown of revenue by geographic zone, currency, and division at March 31, 2023
as a % of consolidated revenues | Geographic zone | Currency | ||||||
France | EMEAex. France | Americas | Euro | GBP | Others | |||
Software & Services | 84.5% | 15.4% | 0.1% | 87.2% | 11.3% | 1.6% | ||
Flow | 92.1% | 7.9% | 0.0% | 94.9% | 5.1% | 0.0% | ||
Data & marketing | 97.3% | 2.7% | 0.0% | 97.7% | 0.0% | 2.3% | ||
BPO | 100.0% | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% | ||
Corporate and others | 100.0% | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% | ||
Cegedim | 89.6% | 10.3% | 0.1% | 91.7% | 7.1% | 1.3% |
Attachment
1 Year Cegedim Chart |
1 Month Cegedim Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions