MEDISANA AG half-yearly figures – Unprecedented Group performance

MEDISANA AG half-yearly figures – Unprecedented Group performance

  • PREVIOUS YEAR’S RECORD ONCE AGAIN EXCEEDED: HALF-YEARLY NET INCOME OF €0.9 MILLION
  • SALES UP 18% TO €14.8 MILLION
  • EARNINGS PER SHARE RISE 131% FROM 5 CENTS TO 12 CENTS
  • High relative growth despite macroeconomic slowdown

Hilden, August 14, 2008. MEDISANA – the specialist in the Home Health Care area – has countered the trend of the clouding economic environment and completed the first half of 2008 with new year-on-year records. Driven by sales growth of 18% from €12.6 million to €14.8 million, half-yearly net income was raised to €0.9 million. This corresponds to growth in earnings per share of 131% to a current 12 cents (previous year: 5 cents). EBIT doubled from €0.6 million to €1.2 million. This means the Group has consequently been operating profitably for the last eight quarters.

According to Group management, the successful relaunch of the MEDISANA brand, and the company’s focus on its own core competency as a provider of high quality products in the home health care area, have borne their first fruits. All sales channels, both in Germany and abroad, are also now being serviced in a more targeted manner.

Outlook for the second half of 2008: phase of sustained growth characterizes earnings expectations
CEO Ralf Lindner is convinced that the company will be able to continue to generate above-average and sustained growth thanks to the company’s successful reorientation, also during the financial markets crisis, and a period of increasing macroeconomic slowdown, not only in Germany. Given the sound performance in the first half of 2008, and its traditionally strong year-end business, MEDISANA is decidedly confident that it will raise full-year earnings and sales in the significantly double-digit area.

MEDISANA AG
Itterpark 7-9
40724 Hilden
Tel.: 02103-200 7-60
Fax: 02103-200 7-10
info@medisana.de