EANS-News: W.O.M. World of Medicine AG
Company exceeds income goal in 2008
Berlin (euro adhoc) -
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balance/Annual Financial Statement 2008
(Berlin, March 27, 2009) Medical device manufacturer WORLD OF MEDICINE achieved a pre-tax sales yield of 14.7% in fiscal year 2008 (last year: 16.5%), thereby exceeding its earnings goal of 11%. Sales increased by 3.4% to EUR37.0 million. "We were able to balance the current weakness in the US market through successful sales performance in other regions," says Peter P. Wiest, CEO of WORLD OF MEDICINE. "Amongst other things, our Medical-HD camera® for high-resolution endoscopy images sold extremely well."
Over the next two years, Peter P. Wiest will focus on targeted investments and innovations: "Medical technology tends to be less influenced by fluctuations in the business cycle than cyclical industries. In addition, our devices contribute to cost savings by making gentle surgical procedures possible, and helping patients return to the workplace sooner. We also have a steady business from the high number of devices already installed, and the associated supplies."
WORLD OF MEDICINE set the goal of reaching a pre-tax sales yield of 11% over the next two years, with sales at the same level as in 2008. However, there are some risks involved with reaching this ambitious goal. On the one hand, WORLD OF MEDICINE has gotten off to a good start in 2009; on the other hand, the volume of orders booked in January and February is approximately 10% below that of last year. Therefore, the full impact of the weak economic cycle on WORLD OF MEDICINE's business is difficult to assess with absolute certainty.
The complete 2008 Annual Financial Report is available at: www.world-of-medicine.com/2008/annualfinancialreport/index.htm
WORLD OF MEDICINE is conducting its annual conference for Analysts at 2:00 pm CET, along with the Balance Sheet Press Conference as a conference call. Analysts, institutional investors and press representatives can obtain the dial-up number from the IR Department. The presentation (German) will be available via the internet after the conference start.
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 not through major incisions, but through keyhole or puncture 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
Tel.: +49 (0)30 399 81 566
E-Mail: stefanie.gehrke@womcorp.com
Branche: Pharmaceuticals
ISIN: DE0006637390
WKN: 663739
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
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Börse München / free trade