MANAGEMENT CONFIRMS OUTLOOK FOR 2009
Waregem (Belgium), 9 April 2009 – In the first quarter of 2009, consolidated turnover of Arseus increased by 12.6% to € 90.1 million. Organic growth was 1.6%.
Ger van Jeveren, CEO of Arseus: “After a cautious start of 2009, organic growth was 5.5% in March. Our unique combination of activities, our strong market positions and our healthy financial situation provide plenty of resilience in the current macroeconomic environment, allowing us to confirm our previous expectations for 2009. We expect turnover growth of between 5% and 10% this coming year, and we expect the REBITDA to grow faster than turnover.”
The evolution of turnover by reporting segment is as follows:
Unaudited management figures (millions of euros)
Q1 2009
Q1 2008
evolution
organic growth
Fagron
34.7
31.3
+10.9%
+1.5%
Arseus Dental
37.9
31.3
+21.1%
+3.6%
Arseus Medical
10.5
11.2
-6.2%
-6.2%
Corilus
7.0
6.2
+12.9%
+4.9%
Total
90.1
80.0
+12.6%
+1.6%
The press release can be downloaded from the following link.