MEDISANA Group reports record earnings in 2007
MEDISANA Group reports record earnings in 2007* MEDISANA Group revenue up by over 30 % to EUR 30.2 million
* EUR 3.2 million improvement in net income for the year to EUR 0.8 million (2006: EUR -2.4 million)
* Phase of sustained profitable growth initiated
* Revenue almost tripled since 2004
Hilden, April 28, 2008. MEDISANA – The Home Health Care Specialist – has entered a phase of sustained growth according to preliminary figures for the 2007 financial year. Following a EUR 2.4 million deficit in the previous year, the company has generated record profits of EUR 0.8 million in 2007. The Group has consequently reported its sixth profitable quarter in a row. Besides further optimisation of the cost structure, the profit in 2007 was based on improvements in the operating business.
MEDISANA achieved revenue of EUR 30.2 million in 2007, following on EUR 23.2 million in 2006. Consequently, revenue has almost tripled since 2004.
h5. Outlook for 2008 – The phase of sustained growth continues
Despite downgrades to economic forecasts, and the challenging market environment, MEDISANA managing director Ralf Lindner expects revenue above the sector average in 2008, and double-digit earnings growth ahead of revenue growth rate. The company will focus particularly on driving its international expansion forward in 2008.
The MEDISANA Group will publish its audited figures and complete annual financial statements as part of the publication of its annual report in May 2008.
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