Quarterly monetary data as of September 30, 2022
IFRS – Regulated data – Not audited
Cegedim: Growth continued in the third quarter of 2022
- Q3 2022 revenues grew 6.7%
- All working divisions contributed to progress
- Growth for the first 9 months got here to six.6%
- Cegedim Santé: beginning to rev its engines
Boulogne-Billancourt, France, October 27, 2022, after the market shut
Revenue
| Third quarter | Change Q3 2022 / 2021 | First 9 months | Change 9M 2022 / 2021 | |||||
| in tens of millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like(1)(2) |
| Software & companies | 75.2 | 71.3 | +5.5% | +3.7% | 220.8 | 211.5 | +4.4% | +3.3% |
| Flow | 21.5 | 19.8 | +8.8% | +8.8% | 66.7 | 61.5 | +8.5% | +8.4% |
| Data & Marketing | 22.8 | 21.8 | +4.5% | +3.7% | 72.8 | 66.5 | +9.4% | +9.1% |
| BPO | 13.0 | 11.4 | +13.6% | +13.6% | 38.4 | 34.4 | +11.8% | +11.8% |
| Corporate and others | 0.8 | 0.5 | +41.1% | +41.1% | 2.1 | 2.0 | +2.5% | +2.5% |
| Cegedim | 133.3 | 124.8 | +6.7% | +5.6% | 400.8 | 376.0 | +6.6% | +5.9% |
(1) At fixed scope and alternate charges.
(2) The optimistic foreign money impression of 0.2% was primarily as a result of the pound sterling. The optimistic scope impact of 0.5% was attributable to the first-time consolidation of Kobus Tech, Mesdocteurs, Laponi and Clinityx.
Consolidated third quarter revenues rose 6.7% as reported and 5.6% like for like(1) in contrast with the similar interval in 2021.
Revenues to end-September rose 6.6% as reported and 5.9% like for like(1) in contrast with the similar interval in 2021, confirming the wholesome trajectory we noticed in the second quarter.
Analysis of business tendencies by division
| Software and Services | Third quarter | Change Q3 2022 / 2021 | First 9 months | Change 9M 2022 / 2021 | ||||
| in tens of millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
| Cegedim Santé | 18.5 | 15.4 | +20.0% | +12.6% | 50.3 | 45.9 | +9.5% | +5.9% |
| Insurance, HR, Pharmacies and different companies | 44.7 | 42.3 | +5.7% | +5.5% | 134.5 | 126.3 | +6.5% | +6.4% |
| International companies | 12.0 | 13.6 | (11.6)% | (11.6)% | 36.0 | 39.3 | (8.4)% | (9.8)% |
| Software & Services | 75.2 | 71.3 | 5.5% | 3.7% | 220.8 | 211.5 | 4.4% | 3.3% |
Cegedim Santé’s capital improve allowed it to implement a improvement plan that has boosted its like-for-like progress fee into the double digits over the third quarter.
The division’s different companies in France posted progress charges in line with their business plans: Software & Services for purchasers in the insurance, HR, and pharmacy sectors all made optimistic contributions via end-September.
On the different hand, worldwide companies are nonetheless awaiting a turnaround. Computerization companies for healthcare professionals in the UK are a very good instance, as tender gives by UK well being authorities aren’t scheduled to happen till late 2023.
| Flow | Third quarter | Change Q3 2022 / 2021 | First 9 months | Change 9M 2022 / 2021 | ||||
| in tens of millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
| e-business | 12.9 | 11.3 | +13.5% | +13.6% | 40.1 | 35.3 | +13.5% | +13.4% |
| Third-party fee | 8.6 | 8.4 | +2.5% | +2.5% | 26.6 | 26.2 | +1.7% | +1.7% |
| Flow | 21.5 | 19.8 | 8.8% | 8.8% | 66.7 | 61.5 | 8.5% | 8.4% |
Process digitalization and digital knowledge flows proceed to do properly each in France and overseas, with progress in the double digits. The clear restoration seen in Germany and the UK in the first half continued in the third quarter, boosting the weight of worldwide business to 13% of the complete.
Third-party fee flows in France decreased throughout the pandemic however have ramped again up as healthcare spending has risen in France.
| Data & Marketing | Third quarter | Change Q3 2022 / 2021 | First 9 months | Change 9M 2022 / 2021 | ||||
| in tens of millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
| Data | 14.3 | 13.0 | +10.1% | +8.7% | 40.4 | 37.2 | +8.5% | +8.1% |
| Marketing | 8.5 | 8.8 | (3.7)% | (3.7)% | 32.4 | 29.3 | +10.5% | +10.5% |
| Data & Marketing | 22.8 | 21.8 | 4.5% | 3.7% | 72.8 | 66.5 | 9.4% | 9.1% |
The knowledge business continued its robust displaying from the first half. Clinityx, which the Group acquired in July, is now consolidated in this unit.
The majority of the Group’s advertising actions are non-recurring, and the business didn’t handle to repeat its second-quarter efficiency. It was deprived by the comparability with the post-Covid restoration in Q3 2021. Even so, cumulative progress to end-September was nonetheless above 10%.
| BPO | Third quarter | Change Q3 2022 / 2021 | First 9 months | Change 9M 2022 / 2021 | ||||
| in tens of millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
| Insurance BPO | 8.1 | 7.1 | +13.8% | +13.8% | 23.7 | 21.8 | +9.0% | +9.0% |
| HR BPO | 4.9 | 4.3 | +13.3% | +13.3% | 14.7 | 12.6 | +16.5% | +16.5% |
| BPO | 13.0 | 11.4 | 13.6% | 13.6% | 38.4 | 34.4 | 11.8% | 11.8% |
BPO companies proceed to develop—each for purchasers’ HR departments and for insurance firms and mutuals—and third-quarter progress was in the double digits.
Highlights
Apart from the objects cited under, to the greatest of the firm’s information, there have been no occasions or modifications throughout Q3 2022 that might materially alter the Group’s monetary scenario.
The Group doesn’t do business in Russia or Ukraine and has no property uncovered to these nations.
On July 19, 2022, Cegedim e-business rounded out its Hospitalis providing by buying Sedia.
Sedia has specialised in software program that tracks medical instrumentation utilization since 1985. Thanks to this acquisition, Hospitalis now gives a medical system and implantable medical system (MD/IMD) monitoring service. The service is accountable for 900,000 scans yearly and has tracked greater than 8 million IMDs. The latest element in the Hospitalis vary, Sedia gives well being, monetary, and logistical monitoring of MD/IMDs which are on consignment or have been lent or bought outright.
Sedia is worthwhile. It will start contributing to the Group’s consolidation scope on August 1, 2022.
On July 28, 2022, Cegedim strengthened its place in the real-world knowledge sector by buying Clinityx.
Clinityx, a well being start-up based in 2018, goals to make real-word knowledge analysis simpler by offering a strong scientific, technical, and regulatory setting. Clinityx companions with educational institutions to construct knowledge warehouses paired with the SNDS, the French administrative healthcare database, enriching the well being knowledge and guaranteeing their good governance and safety. The firm additionally offers consulting companies and manages all points of real-world research from protocol design to ultimate report, utilizing knowledge from its personal warehouses, the SNDS, and different databases.
Clinityx is worthwhile. It started contributing to the Group’s consolidation scope on August 1, 2022.
Significant transactions and occasions submit September 30, 2022
Allianz France and Cegedim Insurance Solutions—a serious supplier of software program options and companies for the private safety insurance sector—have signed a 15-year strategic partnership below which Allianz will outsource the administration of insurance coverage portfolios in the Group Health, Individual Health, and Group Personal Protection segments in France to Cegedim Insurance Solutions. The deal covers 1.3 million beneficiaries. As half of the partnership, the Allianz France workers that at present carry out these duties shall be transferred to Cegedim.
Outlook
Based on 9M 2022 revenues up 5.9% like for like(1), and regardless of the public well being, financial, geopolitical, and financial uncertainty dealing with the world, the Group is assured it could possibly develop revenues by 5% like for like(1) in 2022.
There is a delay of a number of months between wage will increase and the annual improve in salaries listed to, for instance, the Syntec index in France. The unfavorable impression of that delay, mixed with the Cegedim Santé improvement plan launch, shall be a headwind for recurring working earnings.
2023 Financial calendar
| 2023 | January 26 after the shut | FY 2022 revenues |
Financial Calendar out there on the web site: https://www.cegedim.com/finance/agenda/Pages/default.aspx
| Disclaimer This press launch is obtainable in French and in English. In the occasion of any distinction between the two variations, the authentic French model takes priority. This press launch might include inside data. It was despatched to Cegedim’s licensed distributor on October 27, 2022, no sooner than 5:45 pm Paris time. The figures cited in this press launch embody steerage on Cegedim’s future monetary efficiency targets. This forward-looking data is predicated on the opinions and assumptions of the Group’s senior administration at the time this press launch is issued and naturally entails dangers and uncertainty. For extra data on the dangers dealing with Cegedim, please confer with Chapter 7, “Risk management”, part 7.2, “Risk factors and insurance”, and Chapter 3, “Overview of the financial year”, part 3.6, “Outlook”, of the 2021 Universal Registration Document crammed with the AMF on April 1st, 2022, below quantity D.22-0232.
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About Cegedim: Founded in 1969, Cegedim is an progressive expertise and companies firm in the discipline of digital knowledge circulation administration for healthcare ecosystems and B2B, and a business software program writer for healthcare and insurance professionals. Cegedim employs greater than 5,600 folks in greater than 10 nations and generated income of €525 million in 2021. |
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| Aude Balleydier Cegedim Media Relations and Communications Manager Tel.: +33 (0)1 49 09 68 81 [email protected] |
Jérôme Moreau Cegedim Group Controller Director in cost of the Financial Communication Tel.: +33 (0)1 46 10 72 62 [email protected]
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Céline Pardo .Becoming Media Relations
Tel.: +33 (0)6 52 08 13 66 |
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Annexes
Breakdown of income by quarter and division
| in € million | Q1 | Q2 | Q3 | This fall | Total | |||
| Software & companies | 71.2 | 74.4 | 75.2 | 220.8 | ||||
| Flow | 22.6 | 22.6 | 21.5 | 66.7 | ||||
| Data & advertising | 22.5 | 27.6 | 22.8 | 72.8 | ||||
| BPO | 12.3 | 13.1 | 13.0 | 38.4 | ||||
| Corporate and others | 0.7 | 0.7 | 0.8 | 2.1 | ||||
| Group income | 129.2 | 138.3 | 133.3 | 400.8 | ||||
| in € million | Q1 | Q2 | Q3 | This fall | Total | |||
| Software & companies | 68.8 | 71.4 | 71.3 | 80.4 | 292.0 | |||
| Flow | 21.0 | 20.7 | 19.8 | 22.7 | 84.2 | |||
| Data & advertising | 19.9 | 24.8 | 21.8 | 31.9 | 98.4 | |||
| BPO | 11.7 | 11.2 | 11.4 | 13.0 | 47.3 | |||
| Corporate and others | 1.0 | 0.5 | 0.5 | 0.7 | 2.7 | |||
| Group income | 122.5 | 128.7 | 124.8 | 148.7 | 524.7 | |||
Breakdown of income by geographic zone, foreign money and division at September 30, 2022
| as a % of consolidated revenues
|
Geographic zone | Currency | ||||||
| France | EMEA ex. France |
Americas | Euro | GBP | Others | |||
| Software & companies | +83.7% | +16.2% | +0.1% | +86.6% | +11.7% | +1.7% | ||
| Flow | +92.5% | +7.5% | +0.0% | +95.5% | +4.5% | +0.0% | ||
| Data & advertising | +97.6% | +2.4% | +0.0% | +97.6% | +0.0% | +2.4% | ||
| BPO | +100.0% | +0.0% | +0.0% | +100.0% | +0.0% | +0.0% | ||
| Corporate and others | +99.6% | +0.4% | +0.0% | +100.0% | +0.0% | +0.0% | ||
| Cegedim | 89.3% | 10.6% | 0.1% | 91.4% | 7.2% | 1.4% | ||
- Cegedim_Revenue_3Q2022_ENG
