18.02.2016 16:38:14
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Outlook for financial year 2016: aap aims for more than 20% trauma sales growth
aap Implantate AG / Outlook for financial year 2016: aap aims for more than 20% trauma sales growth . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
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Sales forecast for FY/2016 between EUR 30 million and EUR 34 million
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Sales organisation expanded and stronger focus on established markets
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Dynamic sales development expected from second half of the year
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Cost reduction planned in all divisions except sales
aap Implantate AG (XETRA: AAQ.DE) aims to return to the growth track in financial year 2016. In this context in particular the trauma business shall serve as the growth driver. The Management Board anticipates trauma sales growth of 20% to 25% this year. The company's growth strategy is focused especially on established markets as the U.S., the DACH (Germany, Austria, Switzerland) region and other European countries. At the same time sales development in the BRICS and SMIT countries shall be stabilised.
Management Agenda 2016
Management Agenda Targets for 2016
Accelerating value-based innovations |
Completion of LOQTEQ® portfolio with a focus on polyaxial fixation technology as well as foot and ankle |
CE mark for the antibacterial silver coating technology |
Maintenance of a freshness index of at least 20% |
Enhancing market access |
Substantial sales contribution from the US business |
Establishment of DACH region and further European countries as core markets |
Stabilisation of sales development in BRICS and SMIT states |
Optimising operational efficiency |
Cost reduction in all divisions except sales |
Increase of sales efficiency |
Optimisation of working capital management |
Focus on trauma |
Conclude divestment of aap Biomaterials GmbH (bone cements and mixing systems as well as biomaterials) |
Sale of the remaining interest of 33% in aap Joints GmbH (Contract manufacturing for joint implants) |
aap plans to publish its consolidated annual financial report 2015 on 30 March 2016.
About aap Implantate AG
aap Implantate AG is a globally operating medical device company headquartered in Berlin, Germany. The company develops, manufactures and markets trauma and biomaterials products for orthopedics. The trauma portfolio includes besides the innovative anatomical plating system LOQTEQ® a wide range of cannulated screws as well as standard plates and screws. In the biomaterials business the company is specialized on bone cements and mixing systems. In German-speaking countries aap Implantate AG directly sells its trauma products to hospitals, buying syndicates and hospital groups while it uses a broad network of distributors in more than 60 countries at the international level. In the biomaterials business sales are handled via OEM and private label cooperations with several selected international orthopedic and trauma companies. aap Implantate AG's stock is listed in the Prime Standard segment of Frankfurt Stock Exchange (XETRA: AAQ.DE). 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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