11.04.2014
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DGAP-Adhoc: Medisana AG: Adjusted forecast for MEDISANA AG following preliminary results: Slight sales revenue growth; 2013 operating earnings fall short of expectations
Medisana AG / Key word(s): Results Forecast
11.04.2014 14:09
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Adjusted forecast for MEDISANA AG following preliminary results:
Slight sales revenue growth; 2013 operating earnings fall short of
expectations
April 11, 2014 - On the basis of preliminary FY 2013 results, the
Management Board of MEDISANA AG no longer assumes that EBIT operating
earnings have improved compared with 2012, despite the slight sales revenue
growth that the Group achieved.
Reasons for this include price reductions in the company's business with
major customers. These price reductions were larger than in the previous
year, and also higher than forecast. Further reasons included adjustments
applied during annual stocktaking to the valuation of inventories due to
technological further-developments, and the recognition of income from a
partner agreement that was postponed until the first half of 2014.
The Management Board now anticipates an EBIT loss of around EUR -3.1
million for 2013 (previous year: EBIT loss of EUR -2.4 million). As far as
the current 2014 financial year is concerned, the Management Board
anticipates that sales revenue will grow slightly year-on-year, and that
operating earnings will report a significant improvement.
MEDISANA AG
Jagenbergstrasse 19, 41468 Neuss
Tel.: +49 (0) 2131 / 36 68 0
Fax: +49 (0) 2131 / 36 68 50 95
[email protected]
www.medisana.de
11.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Medisana AG
Jagenbergstr. 19
41468 Neuss
Germany
Phone: +49 (0)2131-3668 5410
Fax: +49 (0)2131- 3668 5095
E-mail: [email protected]
Internet: www.medisana.de
ISIN: DE0005492540
WKN: 549254
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of Announcement DGAP News-Service
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