aap Implantate AG / aap announces outlook for 2015: Further strong trauma sales growth anticipated with LOQTEQ® . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
aap Implantate AG aims to continue implementing its growth strategy in financial year 2015. The company plans growth in the trauma sector in particular, with the LOQTEQ® product family continuing to be seen as the main driver of this development. For the full year 2015 the Management Board anticipates trauma sales growth by 20% to 25% to between EUR 14.8 million and EUR 15.4 million. In this area aap Implantate AG is growing twice to three times faster than the global trauma market with an average growth rate of 6% to 8%. In addition sales in the biomaterials business are expected to grow by 10% contributing positively to the corporate development as well. For the company as a whole the Management Board expects sales to total between EUR 33 million and EUR 35 million. aap Implantate AG forecasts EBITDA in the financial year 2015 of between EUR 2.5 million and EUR 3.5 million.
For the first quarter of 2015 the company anticipates sales in a range of between EUR 6.5 million and EUR 7.0 million and EBITDA of between EUR -0.5 million and EUR 0.1 million. In this connection it must be mentioned that the company's economic development in the individual quarters of the financial year is expected to be in line with previous years. So the development of key financials, in sense of a holistic economical consideration, is best assessed on the basis of an annual rather than a quarterly basis. The background is that significant fluctuation can occur in both growth and profitability from one quarter to the next.
Management Agenda 2015
On the basis of the 2014 Management Agenda the aap Implantate AG Management Board has identified five action areas that have been combined to constitute the new Management Agenda for the financial year 2015: "Accelerating value-based innovation," "Enhancing market access," "Optimising operational efficiency," "Focus on trauma" and "Growth supplemented with acquisitions." The Management Agenda is intended to make the company's strategic focal points transparent so that the capital market and the general public have an even better understanding of the company's strategic alignment and its implementation.
Management Agenda Targets for 2015
| Accelerating value-based innovation |
| Further expansion of the LOQTEQ® portfolio with a view to exceeding a 90% indication coverage |
| Implementation and conclusion of all approval-relevant work (CE) in the silver technology area by the beginning of Q3/2015 as well as submission of approval application for silver technology |
| Maintenance of a freshness index of at least 20% |
| Enhancing market access |
| Increase in trauma sales by 20% to 25% |
| Development of the US market |
| Appointment of distributors in previously uncovered BRICS and SMIT countries |
| Optimising operational efficiency |
| Implementation of action plan to reduce manufacturing costs |
| Implementation of action plan to improve timely delivery capability |
| Further improvements in ERP functionalities as well as implementation of action plan to improve IT infrastructure and utilisation |
| Focus on trauma / Growth supplemented with acquisitions |
| Conclusion of a transaction for aap Biomaterials GmbH (bone cements and mixing systems and biomaterials) insofar as achievable on terms and conditions that reflect the right value from a comparable transaction point of view |
| Divestment/outlicensing of products/IP/investments that are not part of the company's core business |
| Active market screening for suitable acquisition targets (companies and technologies) to speed up organic growth and, possibly, conclusion of a transaction |
The company still holds talks with selected strategic investors and private equity companies on a transaction for aap Biomaterials GmbH (bone cements and mixing systems and biomaterials) that is anticipated in the first quarter of 2015. In the final analysis, however, aap Implantate AG will only go ahead with a transaction if terms and conditions that reflect the right value from a comparable transaction point of view can be achieved.
aap Implantate AG plans to publish its full annual report for 2014 on March 31, 2015.
About aap Implantate AG
aap is a global medical device company headquartered in Berlin, Germany that develops, manufactures and markets innovative biomaterials and implants that are used in orthopedic procedures. The Company's products, which include a full line of plating systems, cannulated screws and bone cement products, are primarily used in the orthopedic specialty areas of trauma and spine repair. The Company's products are sold through its direct sales force, distribution partners and license agreements with OEM partners. aap's stock is listed in the Prime Standard segment of the Frankfurt Stock Exchange. For more information, please visit www.aap.de, or download the Company's investor relations app from the Apple's App Store or Google Play.
Forward-looking statement
This release may contain forward-looking statements based on current experience, estimates and projections of the management board and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of aap to be materially different from those that may be expressed or implied by such statements. These factors include those discussed in aap's public reports. Forward-looking statements therefore speak only as of the date they are made. aap does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments.
For inquiries please contact: aap Implantate AG, Fabian Franke, Investor Relations, Lorenzweg 5, 12099 Berlin, Germany
Tel.: +49 30 7501 9-134, fax: +49 30 7501 9-290, e-mail: f.franke@aap.de
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: aap Implantate AG via Globenewswire
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aap Implantate AG
Lorenzweg 5 Berlin Germany
WKN: 506660;ISIN: DE0005066609;
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