Continued strong sales trend during the first quarter of 2009
* Net sales for the quarter rose by 19% to SEK 22.0 million
(18.5).
* The operating profit for the period was SEK 0.9 million (1.3).
* Earnings per share for the period amounted to SEK 0.02 (0.05).
* Cash and cash equivalents amounted to SEK 14.5 million (16.1) by
the end of the quarter.
* CellaVision qualified for trade on NASDAQ OMX First North
Premier on February 16, 2009.
Important events after the reporting period
* The Japanese subsidiary received its first order.
* David Autry was appointed President of CellaVision North
America.
* CellaVision was nominated for the SwedenBIO Award for its
successes during 2008.
CellaVision in summary
(MSEK) Jan-March Jan-March Full year
2009 2008 2008
Net sales 22.0 18.5 100.4
Gross profit 14.1 11.9 63.5
Operating result 0.9 1.3 13.4
Net result 0.5 1.2 13.1
Cash flow -5.2 -0.3 3.3
CEO's comment"The first quarter indicates a continued strong sales growth, and we
are still dedicated to our aim of furthering growth and profit in
2009," says Yvonne Mårtensson, CEO of CellaVision. "As yet, the
financial crisis has not translated into a loss of orders; however,
the purchasing processes tend to take longer for hospital customers.
North America accounted for the majority of sales during this
quarter, and Dave Autry has now been appointed President of our North
American operations.""It is also satisfying to report that our Japanese subsidiary
received its first order in April from the hospital laboratory in
Tokyo that has been evaluating the product for some time. The
laboratory at Tokyo Medical Center is a good reference to have in our
future penetration of the important Japanese market.""Our growth is also owing to technological development. The
development of a new hardware platform has reached an intense phase
of prototype assembling and testing. This has resulted in increased
costs, which in turn has an effect on results despite the fact the
SEK 4.8 million was capitalized as expenditure for development. The
main parts of these costs are now taken. A new product based on the
new hardware platform will be launched in the second half of this
year."
Yvonne Mårtensson
CEO CellaVision AB
For more information please contact:
Yvonne Mårtensson, CEO. Tel: +46 708 33 77 82, e-mail:
yvonne.martensson@cellavision.com
Johan Wennerholm, CFO. Tel: +46 708 33 81 68, e-mail:
johan.wennerholm@cellavision.com
Download the report by pressing the link below.
CELLAVISION AB (publ) - Interim report for the period January 1 - March 31, 2009
| Quelle: CellaVision