Arseus realises turnover growth of 8.3%

 

Waregem (Belgium), 13 October 2009 – Arseus today announces turnover of €87.3 million for the third quarter of 2009, up 8.3% on the same quarter last year, with organic growth of 4.0%. Turnover for the first nine months totalled €277.4 million, an increase of 10.5% compared with the same period last year. Organic growth for the first nine months of 2009 turned out at 4.0%.

 

Ger van Jeveren, CEO of Arseus: ‘We are very pleased with the developments in the third quarter, sustaining our strong turnover growth. All divisions contributed to the 8.3% turnover growth, of which 4.0% was organic. We have also invested considerably in the previous quarters in strengthening our management structure. With the appointment of Sabine Sagaert as CEO of Arseus Dental, each division now has its own dedicated CEO. We believe the strengthened management structure will further optimise synergies between the divisions and make a positive contribution to Arseus’ results.

 

With our unique combination of activities in the professional healthcare sector, our strong market positions and our healthy financial situation, we are ideally positioned to proceed with the further implementation of our strategy. We are confident about the future and we confirm our earlier full-year outlook for 2009.‘
 

The evolution of turnover by division is as follows[1]:

 

 

[1] Unaudited management figures.

 

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