DGAP-News: PULSION-Financial year 2009: first signs of success after realignment of company
(firmenpresse) - PULSION Medical Systems AG / Final Results/Final Results
19.03.2010 10:44
Dissemination of a Corporate News, transmitted by
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Sales at EUR 28.1 million / EBIT rises to EUR 2.4 million / Well equipped
for the future after turnaround
Munich, March 19th, 2010 - PULSION Medical Systems AG, a life science
corporation specializing in medical diagnostic and therapy systems,
generated sales of EUR 28.1 million (2008: EUR 28.0 million) in the
financial year 2009. The operating profit (EBIT) improved fourfold to EUR
2.4 million compared with EUR 0.6 million in 2008 (+314%).
Not only was a stop put to the downward trend experienced in 2008 but also
business performance turned around in 2009. The realignment of sales
activities initiated towards the end of 2008 was successfully executed over
the course of the year. The key points of this process were a change in
selling approach - focusing on the medical benefits of products rather than
on price - and rigorous implementation of a potential-oriented sales
management system. In addition, operating costs were reduced substantially
thanks to a cost reduction program.
Earnings per share improved from a negative 8 cents to a positive 5 cents
per share. PULSION reports a group net profit after minority interests of
EUR 0.5 million for the financial year 2009 compared to a group net loss of
EUR 0.7 million for the previous year (+164%). The cash flow from
operating activities increased fourfold from EUR 1.0 million in 2008 to EUR
4.0 million in 2009 (+ 303%).
Earnings would have been better still if it had not been for numerous
exceptional expenses, in particular those caused by the resignation of
three Members of the Management Board and the related litigation.
Equity increased by EUR 0.8 million from EUR 16.2 million to EUR 17.0
million, while the equity ratio fell from 68% to 66%.
'Over the past year, we have succeeded in laying down the foundation for
the current and future financial years. In 2010 the Management Board will
speed up the process of improvement that has already been initiated. The
good start we have made in the current year gives us reason for cautious
optimism', stated Christoph Manegold, member of the Management Board of
PULSION Medical Systems AG.
19.03.2010 10:44 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: PULSION Medical Systems AG
Joseph-Wild-Strasse 20
81829 München
Deutschland
Phone: +49 (0)89 4599 14-0
Fax: +49 (0)89 4599 14-18
E-mail: info(at)pulsion.com
Internet: www.pulsion.com
ISIN: DE0005487904
WKN: 548790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehrin Berlin, München, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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Datum: 19.03.2010 - 05:44 Uhr
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