English A A A. The Annual Report as well as the quarterly report for the first quarter of are posted on the Internet at www. Q1 Revenues rose by On the whole, the Board of Management was pleased with both the results for and with Q1 The strong start into makes us optimistic. For full-year we are shooting for revenues of 2 billion euros and net consolidated profit of million euros.
For this reason the Group, already in the early 90s, seized the opportunity to acquire the university hospital Herzzentrum Leipzig. Since the newly constructed facility opened its doors in , the Company as private operator took over the hospital care activities from four medical professor chairs. In my view this clearly shows that good healthcare and good science are not contradictory but are mutually interdependent'. The many years of expertise acquired as the operator of a university hospital had been used by the Group to broaden access to clinical research and the transfer of knowledge to healthcare.
We have restructured and rationalised the facilities, and have begun to gradually clear up the investment backlog, investing more than 50 million euros in Patient numbers last year rose by three per cent.
We have gained the trust of the population. We have halved the loss for the year from 15 million euros to 7. In the first quarter of we nearly achieved break-even. Why do economics and good medicine belong together? What are the core elements of our growth strategy?
Re 1 Good medicine and economics are not a contradiction, but are mutually interdependent. Economically viable and innovative healthcare models are becoming increasingly important for preserving the high level of care for all patients, whether under statutory or private health insurance.
