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2009-04-28 06:30:00 CEST 2009-04-28 06:30:42 CEST REGULATED INFORMATION Össur hf. - Financial Statement ReleaseOssur hf. - First Quarter Report 2009First Quarter 2009 Financial Highlights * Sales USD 77.2 million, down by 13%, down by 4% measured in LCY * EBITDA USD 12.9 million, down by 26%* * EBITDA margin 17%, compared to 20%* in Q1 2008 * Net profit USD 7.6 million, compared to USD 6.7 million in Q1 2008 * EPS diluted 1.79 US cents, compared to 1.58 US cents in Q1 2008 * Cash EPS diluted 2.98 US cents, the same as in Q1 2008 Jon Sigurdsson, President & CEO, comments:"The first quarter shows slower sales than anticipated, declining by 4% measured in local currency. Sales in the first quarter are affected by the slowdown in the economy, in all our major markets. Sales in prosthetics are in line with the market whereas sales of bracing and supports in the Americas continue to be challenging. We have made some extensive changes in the leadership in the sales and marketing in the Americas which we believe will return positive results for this segment. In 2009 we have an exciting product pipeline and in the first quarter two new products were introduced." *NOTE: Excluding one-time gain in Q1 2008 The press release including tables, the Investor Presentation Q1 2009 and the Financial Statement Q1 2009 can be downloaded from the following links: |
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