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14:46 | 04.02.2009
DJ DGAP-Adhoc: PULSION Medical Systems AG PULSION Medical Systems AG announces the following provisional, unaudited results for 2008
DJ DGAP-Adhoc: PULSION Medical Systems AG PULSION Medical Systems AG announces the following provisional, unaudited results for 2008
PULSION Medical Systems AG / Preliminary Results
04.02.2009
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Munich, February 04, 2009 - PULSION Medical Systems AG, a life science
corporation specializing in medical diagnostic and therapy systems, listed
on the Prime Standard of the Frankfurt Stock Exchange, announces the
following provisional, unaudited results for the financial year 2008 (all
amounts on the basis of the IFRS consolidated financial statements).
Consolidated group revenues in 2008 amounted to EUR 28.1 million. This
represents a decrease of about 1% compared with the prior year revenues of
EUR 28.3 million.
The gross profit amounted to EUR 18.6 million, after EUR 20.5 million in
2007. The gross margin fell accordingly to app. 67%, having amounted in
2007 to 72.4%. The decline is due in particular to exchange differences,
increasing allowances and discounts and a shift in the sales mix in favor
of equipment and distributors.
Earnings before interest and taxes (EBIT) amounted to approximately EUR 0.6
million, compared with EUR 4.3 million in the previous year. The operating
margin fell accordingly from 14% in the previous year to 2%.
After a net profit of EUR 2.5 million in 2007, a loss of EUR 0.6 million
before minority interests is expected for 2008. All nonrecurring effects
from the change in CEO in October 2008 and the settlement with the
Company's founder, Dr. Pfeiffer, in January 2009 have been processed in
this amount.
Cash and cash equivalents including pledged funds amounted as of December
31, 2008 to EUR 3.2 million (2007: EUR 5.4 million including pledged
funds).
04.02.2009 Financial News transmitted by DGAP
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Language: English
Issuer: 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@pulsion.com
Internet: www.pulsion.com
ISIN: DE0005487904
WKN: 548790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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(END) Dow Jones Newswires February 04, 2009 08:46 ET (13:46 GMT) |
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