Ad-hoc | 14 May 2000 21:01
Ad hoc-Service: aap Implantate AG
Ad-hoc announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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The first quarter of 2000:
aap increases turnover
Group turnover up by around 19% to DM 3.2 million / Sales and marketing
costs hamper result / Strong growth momentum in Japan and China
aap Implantate AG increased group turnover by about 19% to DM 3,164
thousands in the first quarter of 2000 (previous year: DM 2,662 thousands). The
quarter was marked by further intensification of marketing and sales activities
in Germany and abroad, which continues at a fast pace. The results of these
activities were demonstrated particularly in strong sales growth of more than
35% in the Asian market. In the period under review, total output rose by 8%
on the year to DM 4,597 thousands. The operating result is DM 129 thousands
(previous year: DM 358 thousands), due mainly to an increase in other
operating costs resulting largely from a steep rise in marketing and sales
expenditure. Spending on materials and personnel increased slightly in
comparison with the same quarter of last year. Group net profit for the period
was DM 23 thousands (previous year: DM 175 thousands). In contrast to the
previous year, there were no DVFA/SG adjustments to be made in the quarter
under review. So the DVFA/SG result for the period is DM 23 thousands
(previous year: DM 316 thousands) and the DVFA/SG result per share is DM 0.01
(previous year: DM 0.09).
aap expects to be granted approval to sell the company’s entire product range
in the strategically important Chinese market by as soon as the third quarter
of 2000. In parallel, intensive marketing preparations are under way for a
swift start as soon as the go-ahead is given.
In the field of innovations, the company currently has two complete product
systems close to market launch: the BFS (Biorigid Femur System) modules and
the trauma shoulder prosthesis.
If you have any queries, please contact:
aap Implantate AG
Bruke Seyoum Alemu
Member of the Board of Management
Finance and Information Technology
Lorenzweg 5
12099 Berlin
Germany
Tel: +49 (0)30 / 750 19-170
Fax: +49 (0)30 / 750 19-111
End of Message