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Business
figures 2009: 3.3% return on sales before taxes, despite
decline in sales
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(Berlin, March 26, 2010) The stock-listed
medical device technology manufacturer W.O.M.
WORLD OF MEDICINE AG achieved a 3.3% return on sales
before taxes for fiscal year 2009
(last year: 14.7%), despite a decline in sales of
14.0%.
"Against the backdrop of such a precarious and
challenging market environment as well as
targeted investments in more development activities,
this year's earnings development is
indeed satisfactory," says Peter P. Wiest, CEO
of WORLD OF MEDICINE. "The reluctance to
invest was especially palpable in the US market. Asia
showed the greatest level of stability."
Our cash and cash equivalents of €7.3 million
and our equity ratio of 82.6% not only ensure
our financial independence, they also offer us sufficient
leeway to invest in market
opportunities arising in the short-term. Our goal
is to achieve sales growth in the low to
mid- single-digit range in 2010 and 2011, and to elevate
the return on sales before taxes
compared to 2009. An economic recovery, particularly
in the USA, is the precondition for
this.
The complete 2009 Annual Financial Report is available
at the following link:
www.world-of-medicine.com/2009/annualfinancialreport/index.htm.
WORLD OF MEDICINE and its technologies are paving
the way in Minimally Invasive Surgery - or MIS
for short. This approach includes safe and gentle
surgical procedures conducted through keyhole or
puncture incisions, instead of major incisions. The
Company is the global market leader in a niche of
this future market.
Further information: Stefanie Gehrke (PR), tel.
+49 (0) 30 399 81 566, stefanie.gehrke@womcorp.com
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(Berlin,
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(Berlin,
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Business
figures 2009: 3.3% return on sales before taxes,
despite decline in sales
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(Berlin,
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Visit us at the Rennsteigmesse in Ludwigsstadt,
April 24-25, 2010!
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