First quarter results 2011
(Thomson Reuters ONE) -
Navamedic`s first quarter 2011 revenues ended at NOK 16.8 million compared with
NOK 13.1 million in the same period of 2010. The quarter represented an all time
high in terms of sales for Vitaflo Scandinavia AB. EBITDA for the first quarter
reached NOK -1.0 million, compared to NOK -1.2 million in the same period of
2010. The registration process to obtain marketing authorisation for the
different products moved forward according to plan also in the first quarter
2011, reaffirming Navamedic's target of launching its first generic product
towards the end of 2011. Total change in net cash was NOK -1.0 million compared
with NOK -3.4 million in first quarter last year and NOK -6.9 the previous
quarter. The company have post quarter secured a sufficient bank facility to
fund further growth in 2011.
Key financial indicators 2011 vs. 2010
Group Group
(in NOK '000) Q1 Q1 FY
2011 2010 2010
Revenues 16 778 13 087 55 092
Gross Profit 6 672 5 036 22 104
Gross margin 40 % 38 % 40 %
EBITDA -982 -1 244 -6 494
EBIT -2 669 -2 901 -15 126
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
The full report with tables and the presentation can be downloaded from the
following links:
Navamedic ASA Q1 2011 report:
http://hugin.info/136020/R/1512649/448260.pdf
Navamedic ASA Q1 2011 presentation:
http://hugin.info/136020/R/1512649/448261.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Navamedic ASA via Thomson Reuters ONE
[HUG#1512649]
Unternehmensinformation / Kurzprofil:
Datum: 04.05.2011 - 22:30 Uhr
Sprache: Deutsch
News-ID 54255
Anzahl Zeichen: 2395
contact information:
Town:
Lysaker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 230 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"First quarter results 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
Navamedic ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
