EUROMED AG
EUROMED AG english
EUROMED remains profitable on balance despite a difficult third quarter
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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– Year-on-year sales growth continues positive trend
– Earnings decline due to seasonal loss in Q3
– Company confident of achieving target for the year
Fürth, 13 November 2001. EUROMED AG has published its nine-month figures for
fiscal 2001. These reveal a marked -albeit planned- slowdown in its earnings in
the third quarter of 2001. Nonetheless, the company exceeded its target sales
growth rate for the year as a whole.
In the first nine months of 2001, EUROMED posted consolidated sales of Euro
14.879 million. Compared with the same period last year, the growth rate was
29.8%, well above the expectations the company communicated at the beginning of
the year.
The nine-month reporting period closed with EBIT of Euro 551 thousand, a year-
on-year increase of approximately 151%.
The third quarter is traditionally characterised by seasonal fluctuations
typical of hospitals. In addition, the operating result for the third quarter
was negatively affected by a shift in cost patterns. Despite this,the operating
loss for Q3 improved by over 53% to Euro 287 thousand (last year: Euro 539
thousand). A major contributor to this improvement was the fact that sales grew
by roughly 33% on the same quarter last year to an absolute Euro 4.55 million.
The pleasing performance of the ENTACON subsidiary up to mid-year was impaired
by the postponement of certain consultancy mandates, some of which were shelved
until next year.
On the whole, the Management Board believes that the forecast for the year as a
whole -namely consolidated year-on-year sales growth of over 20% and a positive
operating result / EBIT- is certainly achievable.
EUROMED AG – Harald Niebler / Investor Relations – 90763 Fürth;
hniebler@euromed.de Tel: 0911/9714-1670 Fax: 0911/9714-607
http://www.euromed.de
end of ad-hoc-announcement (c)DGAP 13.11.2001
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WKN: 570680; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
130731 Nov 01
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