PRESS RELEASE |
Quarterly financial information as of
IFRS - Regulated information - Not audited
- Fourth-quarter revenues grew 2.9% like for like
- 2022 revenue amounted to €555.6 million, a 5.1% like for like increase
- Cegedim Santé: Double-digit growth in the second half
Revenue
Fourth quarter | Change Q4 2022 / 2021 | Full Year | Change 2022 / 2021 | |||||
in millions of euros | 2022 | 2021 | Reported | Like for like(1)(2) | 2022 | 2021 | Reported | Like for like(1)(2) |
Software & services | 81.1 | 80.4 | 0.9% | -0.5% | 302.0 | 292.0 | 3.4% | 2.2% |
Flow | 23.9 | 22.7 | 5.0% | 4.2% | 90.6 | 84.2 | 7.5% | 7.3% |
Data & Marketing | 34.4 | 31.9 | 8.1% | 6.7% | 107.2 | 98.4 | 9.0% | 8.3% |
BPO | 14.6 | 13.0 | 12.4% | 12.4% | 53.0 | 47.3 | 11.9% | 11.9% |
Corporate and others | 0.7 | 0.7 | 0.4% | 0.4% | 2.8 | 2.7 | 2.0% | 2.0% |
154.7 | 148.7 | 4.1% | 2.9% | 555.6 | 524.7 | 5.9% | 5.1% |
(1) At constant scope and exchange rates.
(2) The positive currency impact of 0.1% was mainly due to the pound sterling. The positive scope effect of 0.8% was attributable to the first-time consolidation of Kobus Tech. Mesdocteurs. Laponi,
Consolidated fourth quarter revenues rose to €154.7 million, up 4.1% as reported and 2.9% like for like(1) compared with the same period in 2021. The moderate growth in the fourth quarter was mainly due to
Over the full year, revenues rose 5.9% as reported and 5.1% like for like compared with 2021.
Analysis of business trends by division
- Software & Services
Software & Services | Fourth quarter | Change Q4 2022 / 2021 | Full Year | Change 2022 / 2021 | ||||
in millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
Cegedim Santé | 19.2 | 17.1 | 12.4% | 5.5% | 69.6 | 63.1 | 10.3% | 5.8% |
Insurance, HR, Pharmacies and other services | 49.0 | 48.7 | 0.6% | 0.3% | 183.5 | 175.0 | 4.8% | 4.7% |
International businesses | 12.9 | 14.6 | -11.7% | -10.1% | 48.9 | 53.9 | -9.3% | -9.9% |
Software & Services | 81.1 | 80.4 | 0.9% | -0.5% | 302.0 | 292.0 | 3.4% | 2.2% |
Cegedim Santé posted fourth-quarter revenue growth of 12.4%. Growth in the second half was 16% year on year. Cegedim Santé’s overall subscriber churn rate came to 12% over the full year.
Q4 revenues at the division’s other activities in
International business dipped in the fourth quarter and finished the year down 9.3% compared with 2021.
- Flow
FLOW | Fourth quarter | Change Q4 2022 / 2021 | Full Year | Change 2022 / 2021 | ||||
in millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
e-business | 13.8 | 13.4 | 2.9% | 1.6% | 53.9 | 48.7 | 10.6% | 10.1% |
Third-party payer | 10.1 | 9.3 | 8.0% | 8.0% | 36.7 | 35.5 | 3.3% | 3.3% |
Flux | 23.9 | 22.7 | 5.0% | 4.2% | 90.6 | 84.2 | 7.5% | 7.3% |
Process digitalization and electronic data flows continued to do well, but the pace of growth slowed relative to prior quarters. International operations (
Third-party payer systems had an excellent fourth quarter, benefiting from high volumes of pharmacy invoices and rising volumes in the hospital segment, which took on new clients.
- Data & marketing
Data & Marketing | Fourth quarter | Change Q4 2022 / 2021 | Full Year | Change 2022 / 2021 | ||||
in millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
Data | 20.8 | 19.6 | 5.9% | 3.6% | 61.2 | 56.8 | 7.6% | 6.5% |
Marketing | 13.6 | 12.2 | 11.5% | 11.5% | 46.0 | 41.6 | 10.8% | 10.8% |
Data & Marketing | 34.4 | 31.9 | 8.1% | 6.7% | 107.2 | 98.4 | 9.0% | 8.3% |
The data business recorded 3.9% organic growth in the fourth quarter. The scope effect came from Clinityx, which specializes in innovative models for employing and matching real world data in
Marketing activities—whose business model is largely non-recurring—saw 11.5% growth in the fourth quarter, driven by advertising in pharmacies.
- BPO
BPO | Fourth quarter | Change Q4 2022 / 2021 | Full Year | Change 2022 / 2021 | ||||
in millions of euros | 2022 | 2021 | Reported | Like for like | 2022 | 2021 | Reported | Like for like |
Insurance BPO | 8.4 | 7.4 | 13.3% | 13.3% | 32.1 | 29.2 | 10.1% | 10.1% |
HR BPO | 6.1 | 5.5 | 11.3% | 11.3% | 20.8 | 18.1 | 14.9% | 14.9% |
BPO | 14.6 | 13.0 | 12.4% | 12.4% | 53.0 | 47.3 | 11.9% | 11.9% |
BPO operations continued to post double-digit growth over both the fourth quarter and the full year, driven by services for 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 Q4 2022 that would materially alter the Group’s financial situation.
- War in
Ukraine
The Group does not do business in
Significant transactions and events post
To the best of the company’s knowledge, there were no post-closing events or changes that would materially alter the Group’s financial situation.
Outlook
The impact of launching the Cegedim Santé development plan and lower sales in the
Based on currently available information, the Group expects 2023 revenue growth in the range of 6% to 9% compared to 2022.
The Group does not expect to make any significant acquisitions in 2023. And lastly, the group does not provide earnings estimates or forecasts.
WEBCAST ON |
The webcast is available at: www.cegedim.fr/webcast |
The 2022 revenues presentation is available at:
|
2023 financial calendar
2023 | 2022 results SFAF Meeting Q1 2023 revenues Shareholders’ meeting H1 2023 revenues H1 2023 results |
Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx
Disclaimer This 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 The figures cited in this press release include guidance on | |||
About Founded in 1969, To learn more, please visit: www.cegedim.fr And follow | |||
Media Relations and Communications Manager Tel.: +33 (0)1 49 09 68 81 aude.balleydier@cegedim.fr | Director of Management Control Head of Financial Communication Tel.: +33 (0)1 46 10 72 62 jerome.moreau@cegedim.com | Becoming Group Media Relations Tel.: +33 (0)6 52 08 13 66 cegedim@becoming-group.com | |
Annexes
Breakdown of revenue by quarter and division
- Year 2022
in millions of euros | 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 | 34.4 | 107.2 | |||
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 | 154.7 | 555.6 |
- Year 2021
in millions of euros | Q1 | Q2 | Q3 | Q4 | Total | |||
Software & services | 68.8 | 71.4 | 71.3 | 80.4 | 292.0 | |||
Flow | 21.0 | 20.7 | 19.8 | 22.7 | 84.2 | |||
Data & marketing | 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 revenue | 122.5 | 128.7 | 124.8 | 148.7 | 524.7 |
Breakdown of revenue by geographic zone, currency and division at
as a % of consolidated revenues | Geographic zone | Currency | |||||
Ex. | Euro | GBP | Others | ||||
Software & services | 83.8% | 16.2% | 86.8% | 11.6% | 1.6% | ||
Flow | 92.5% | 7.5% | 95.4% | 4.6% | 0.0% | ||
Data & marketing | 97.5% | 2.5% | 97.7% | 0.0% | 2.3% | ||
BPO | 100.0% | 0.0% | 100.0% | 0.0% | 0.0% | ||
Corporate and others | 99.5% | 0.5% | 100.0% | 0.0% | 0.0% | ||
Group revenue | 89.5% | 10.5% | 91.6% | 7.1% | 1.3% |
Attachment
- Cegedim_Revenue_4Q2022_ENG
![](https://ml-eu.globenewswire.com/media/NzdmNDUwMjYtMDdiNC00Yjk0LWJlYzAtZjlhZDM0MzIzMzNhLTEwMTEzMzQ=/tiny/Cegedim-SA.png)
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