EANS-News: W.O.M. World of Medicine AG
Business figures 2009: 3.3% return on
sales before taxes, despite decline in sales
Berlin (euro adhoc) -
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Financial Figures/Balance Sheet
The stock-listed medical device technology manufacturer W.O.M. WORLD OF MEDICINE AG achieved a 3.3% return on sales before taxes for fiscal year 2009 (last year: 14.7%), despite a decline in sales of 14.0%.
"Against the backdrop of such a precarious and challenging market environment as well as targeted investments in more development activities, this year's earnings development is indeed satisfactory," says Peter P. Wiest, CEO of WORLD OF MEDICINE. "The reluctance to invest was especially palpable in the US market. Asia showed the greatest level of stability."
Our cash and cash equivalents of EUR7.3 million and our equity ratio of 82.6% not only ensure our financial independence, they also offer us sufficient leeway to invest in market opportunities arising in the short-term. Our goal is to achieve sales growth in the low to mid- single-digit range in 2010 and 2011, and to elevate the return on sales before taxes compared to 2009. An economic recovery, particularly in the USA, is the precondition for this.
The complete 2009 Annual Financial Report is available at the following link: www.world-of-medicine.com/2009/annualfinancialreport/index.htm.
WORLD OF MEDICINE and its technologies are paving the way in Minimally Invasive Surgery - or MIS for short. This approach includes safe and gentle surgical procedures conducted through keyhole or puncture incisions, instead of major incisions. The Company is the global market leader in a niche of this future market.
end of announcement euro adhoc
Further inquiry note:
Stefanie Gehrke
Cell Phone: + 49 (0) 172 402 67 40
E-Mail: stefanie.gehrke@womcorp.com
Branche: Pharmaceuticals
ISIN: DE0006637390
WKN: 663739
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade