MEDISANA AG: Strong fourth quarter business developments discernible, Management Board raises forecast markedly
Hilden, November 13, 2009 – In view of strong incoming orders, the Management Board of MEDISANA AG has confirmed its expectations for the ongoing 2009 business year and increased the forecast for revenue and result.
Accordingly, revenue is expected to exceed the record value of the previous year of EUR 30.2 million by at least 5%. Based on these very gratifying business developments a more positive result is also anticipated. The Management Board expects to attain the operating earnings (EBIT) of the prior year of EUR 1.0 million. The previous forecast had only envisaged that the company, in the second half of 2009, would exceed the earnings generated in the first half of the year of EUR 0.1 million.
In the period from January to September 2009 MEDISANA AG generated revenue of EUR 21.0 million following on EUR 22.1 million in the same period last year. The operating earnings (EBIT) amounted to EUR – 0.2 million (previous year: EUR 1.5 million).
In view of the above, the accustomed strong fourth quarter accounts for a considerable revenue share of around EUR 11 million (previous year: EUR 8.1 million), in connection with a very good operating result. Based on the orders at hand for the final quarter, the specialist for home health care is now on the way to a third record year in succession, in spite of the financial crisis. With regard to the 2010 business year, the Management Board continues to anticipate further corporate growth.
Forthcoming dates: Publication of interim announcement November 18, 2009
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Additional information on the company as well as the product portfolio is available at: www.medisana.de