DGAP-News: Medisana AG: shareholder structure changes, Foreign expansion running to plan
(firmenpresse) - Medisana AG / Capital Increase/Development of Sales
06.08.2010 10:54
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MEDISANA shareholder structure changes following takeover of Gimelli
Foreign expansion running to plan - major new OEM customer
Hilden, August 6, 2010 - With the registration on July 30, 2010 of a
capital increase comprising 630,000 shares, MEDISANA AG (WKN: 549254)
concluded its majority takeover of Gimelli Laboratories Co. Ltd., Hong Kong
and China, (Gimelli). MEDISANA's issued share capital now amounts to EUR
7,664,327. The seller of Gimelli, Gimelli International (Holdings) Limited,
subsequently holds an 8.22% stake in the increased share capital, while the
stakes of all other shareholders have decreased correspondingly.
The majority acquisition of Gimelli amounting to initially 51% of the
company's shares represents a key building block in MEDISANA AG's ongoing
foreign expansion. The purchase also extends the MEDISANA product range to
include the dental hygiene area, and allows it to make an entry into
higher-margin proprietary production. The plan is now to effect a gradual
reduction in contract production with the aim of positively impacting
revenue and results trends. Gimelli enjoys significant potential in the OEM
and industrial business: new orders have been won from existing customers,
while a major new OEM customer has also been signed up.
Gimelli was founded in Switzerland in 1945, and has been operating in Hong
Kong and China since the early 1990s as an ISO-certified manufacturer of
medical products, employing around 400 members of staff. The company is
active in the areas of dental care, cosmetics, and qualified personal
hygiene, and, besides in Asia, commands a strong market position
particularly in the USA.
The growing foreign business will make a significant contribution to the
company's performance this year. In this context, besides Gimelli, MEDISANA
is also anticipating performance contributions from the Moscow sales branch
that was founded at the end of 2009, the takeover in the first quarter of
2010 of Royal Appliance España S.L., Madrid, and the results of its own
international sales efforts, which are leading to the first significant
revenues at Coles Myer in Australia.
Foreign revenue of EUR 13.9 million was achieved last year, compared with
total consolidated revenue of EUR 36.6 million. The Management Board
recently announced a new record revenue level for the current 2010 year at
the Shareholders' General Meeting. Consequently, the board anticipates a
particularly strong second half-year and revenues totalling around EUR 50
million, as well as a significant year-on-year improvement in the result.
In this respect, the Management Board is assuming that the company's
foreign subsidiaries will achieve revenues in excess of EUR 25 million,
thereby almost doubling their revenue contribution compared to 2009.
Forthcoming dates
Half-Yearly Financial Report June 30, 2010 August 30, 2010
IFA (trade fair), Berlin September 3-8, 2010
Analysts and Investors Conference, Hamburg September 23, 2010
Third-Quarter Report 2010 November 29, 2010
MEDISANA AG
Itterpark 7-9, 40724 Hilden
Tel.: +49 (0) 2103-200 7-60
Fax: +49(0) 2103-200 7-10
info(at)medisana.de
www.medisana.de
UBJ. GmbH
Kapstadtring 10, 22297 Hamburg
Ingo Janssen
T.: +49 (0) 40 6378 5410
F.: +49 (0) 40 6378 5423
ir(at)ubj.de
www.ubj.de
MEDISANA AG
Itterpark 7-9, 40724 Hilden
Tel.: +49 (0) 2103-200 7-60
Fax: +49 (0) 2103-200 7-10
info(at)medisana.de
www.medisana.de
UBJ. GmbH
Kapstadtring 10, 22297 Hamburg
Ingo Janssen
T.: +49 (0) 40 6378 5410
F.: +49 (0) 40 6378 5423
ir(at)ubj.de
www.ubj.de
06.08.2010 10:54 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Medisana AG
Itterpark 7 - 9
40724 Hilden
Deutschland
Phone: +49 (0)2103 2007-60
Fax: +49 (0)2103 2007-75
E-mail: info(at)medisana.de
Internet: www.medisana.de
ISIN: DE0005492540
WKN: 549254
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Hamburg,
Stuttgart
End of News DGAP News-Service
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Datum: 06.08.2010 - 10:54 Uhr
Sprache: Deutsch
News-ID 31908
Anzahl Zeichen: 0
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Kategorie:
Business News
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