DJ biolitec AG achieved consolidated revenue of Euro 35.4 million for the fiscal year 2007/2008 -expectation of sales growth to resume in this fiscal year
=------------------------------------------------------------------------------- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. =------------------------------------------------------------------------------- Jena, September 30, 2008 - biolitec AG, Jena, listed in the Prime Standard of the Frankfurt stock exchange (ISIN DE0005213409) posted a consolidated revenue of Euro 35.4 million for the fiscal year 2007/2008. Mainly contributing to this were the business segments urology laser, vein treatment and laser liposuction. The revenue was 9% lower than in the prior year due to the unfavourable investment climate in the USA, its impact on the investment cycle and the unfavourable dollar exchange rate. In the USA biolitec AG is market leader in the sector of ambulant therapy of the benign prostate hyperplasia (BPH). More than 600 US urologists already have applied LIFEtm laser therapy, about 200 as in-office treatment. At the 2008 American Urological Association´s (AUA) National Scientific Meeting in Orlando/Florida US urologists were keen on the gentle in-office treatment with biolitec´s laser Evolvetm 150 and the short treatment time. R&D expenditures for the fiscal year 2007/2008 of Euro 5.1 million (14% of sales) remained at a high level to ensure the groups long term growth and profitability. Net income amounted to about Euro 2 million despite the continuous high R&D investments as well as the decline in sales. The gross profit amounted to about Euro 24 million and EBIT amounted to Euro 1.4 million. For example biolitec has just revolutionized endovenous laser treatment for varicose veins by the application of the new, innovative laser fiber ELVeS® RADIAL, which emits the light radially. The revenue posted by the laser segment of Euro 12.1 million was lower than in the prior year mainly due to the market decline in the USA. The fiber optics and laser probes segment contributed to about Euro 22 million to the group´s total revenue. Mainstays of sales are the LIFEtm BPH laser treatment and the Endoluminal Laser Treatment of Veins (ELVeStm). The urology laser Evolvetm 150 is rising further in the estimation of physicians and the number of LIFEtm laser treatment centres is increasing continuously. In Germany the outpatient treatment of BPH with the Evolvetm laser is gaining ground. The biolitec AG has recently introduced the first 300 watt urology laser to the German market. biolitec´s major revenues were again generated in Europe and North America. With Euro 14.7 million, sales in North America were 22% lower than previous year´s sales contributing 42% of total sales. European sales amounted to Euro 17.9 million (previous year 17.8%). Dr. Wolfgang Neuberger, CEO of biolitec AG: "We proceed on the assumption that the demand on gentle urology therapies as well as treatments in the field of aesthetics will further increase and the market caution will decrease. Due to our excellent market position in Europe and North America we expect an increase in turnover and profit in the current fiscal year even driven by the expenditures of transacted research and development." About biolitec biolitec is the only supplier for photodynamic therapy worldwide that offers all relevant core competencies - photosensitizers, lasers and optical fibers. Besides minimal invasive laser treatments and the oncology business biolitec has successfully developed competencies in the field of aesthetics. biolitec is listed in the Prime Standard under ISIN DE0005213409. For more information: www.biolitec.com. end of announcement euro adhoc =-------------------------------------------------------------------------------
(END) Dow Jones Newswires
September 30, 2008 06:39 ET (10:39 GMT)
© 2008 Dow Jones News
