MEDISANA Group achieves record level of revenue in 2008

MEDISANA Group achieves record level of revenue in 2008

  • MEDISANA Group revenue €30.2 million
  • Second-best EBIT (€1.0 million) since IPO
  • Profitable in the second year since the restructuring
  • Unchanged 32% gross profit margin

Hilden, May 15, 2009. MEDISANA – the specialist in the Home Health Care area – continued to find itself in a phase of sustained positive progress in 2008, despite the recession-led dip in growth in the fourth quarter. The revenue split was €15.2 million in Germany (2007: €13.7 million) and €15.0 million abroad (2007: €16.5 million). All earnings indicators also remained positive. Gross profit improved slightly by 0.8%, and amounted to €9.6 million, as in the previous year. The gross profit margin was unchanged at around 32%. Earnings before tax (EBT) were down slightly due to higher interest payments, and amounted to €0.6 million (previous year: €0.7 million), while consolidated net income for the year totalled €0.4 million, following €0.8 million in the previous year. As a consequence, the Group has been operating profitably for the last two years.

Outlook – resistant through the crisis
The good result is due to the efforts made over recent years that have enabled a turnaround and placed MEDISANA on its growth path. The diversification of the sales divisions that has been implemented, and the appeal of the Medisana brand, also form an ideal basis on which to weather the crisis with confidence and continue to report good results. For this reason, CEO Ralf Lindner is also convinced of the strength of the MEDISANA AG brand, and, following a difficult first half of the year in 2009, anticipates a marked improvement in corporate growth from as early as the second half of the year. Ralf Lindner is assuming that highly profitable growth in the business will recommence from the 2010 financial year. However, the revenue and earnings forecast might require adjustment should the recession intensify further or in the event of acquisitions.

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