ORGANIC TURNOVER GROWTH ACCELERATES TO 6.9%
MANAGEMENT CONFIRMS EXPECTATIONS FOR 2009
Waregem (Belgium), 14 July 2009 – Arseus today announces turnover of €100.0 million for the second quarter of 2009, up 10.6% on the same quarter last year, with organic growth accelerating to 6.9%. Turnover for the first six months totalled €190.1 million, an increase of 11.5% compared with the first half of 2008. Organic growth for the first six months of 2009 turned out at 4.0%.
Ger van Jeveren, CEO of Arseus: ‘Despite the adverse economic conditions, all Arseus divisions contributed to the strong 10.6% total turnover growth and 6.9% organic growth in the second quarter of 2009. Thanks to our unique combination of activities in the health care sector, our leading market positions, our strong balance sheet, our flexible organisation and our dedicated staff, who are able to respond swiftly and effectively to the changing market conditions, the economic recession has had little impact on Arseus. We look to the future with confidence and we can confirm the expectations for 2009 that we announced earlier.’
Turnover by division[1]:
(€ million)
Q2 2009
Q2 2008
change
organic growth
Fagron
38.7
35.3
+9.6%
+5.7%
Arseus Dental
41.6
37.5
+10.9%
+6.3%
Arseus Medical
12.6
11.1
+13.5%
+13.5%
Corilus
7.1
6.5
+9.2%
+5.7%
TOTAL
100.0
90.4
+10.6%
+6.9%
(€ million)
H1 2009
H1 2008
change
organic growth
Fagron
73.3
66.6
+10.1%
+3.6%
Arseus Dental
79.6
68.7
+15.9%
+3.9%
Arseus Medical
23.1
22.4
+3.1%
+3.1%
Corilus
14.1
12.8
+10.2%
+6.8%
TOTAL
190.1
170.5
+11.5%
+4.0%
[1] Unaudited management figures
Please open the link below for the full press release: