ots Ad hoc-Service: aap Implantate AG <DE0005066609> The first quarter of 2000: aap increases turnover
Berlin (ots Ad hoc-Service) -
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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
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