Several important contracts and positive earnings
* Net sales for the period were SEK 41.3 million (34.1), an
increase of 21 %, of which SEK 22.8 million in the second quarter
(17.3).
* The operating profit for the period was SEK 2.8 million (-3.7)
and for the second quarter SEK 1.5 million (-2.8).
* Earnings per share for the period were SEK 0.11 (-0.17).
* Cash and cash equivalents amounted to SEK 16.9 million (8.8) at
the close of the interim period.
* The application for body fluids was launched and the first
licenses sold.
* The company was selected as a supplier of automated image
analysis in the procurement process for the Västra Götaland region
in Sweden.
* CellaVision's products were approved for sale in China and the
first order from an end-user was received.
* A major American commercial laboratory chain chose CellaVision®
DM96 for 14 of its laboratories.
* A subsidiary was established in Japan.
CellaVision in summary
(MSEK) 1 Jan-30 June 2008 1 Jan-30 June Full year
2007 2007
Net sales 41.3 34.1 74.6
Gross profit 25.8 19.8 45.3
Operating result 2.8 -3.7 3.1
Net result 2.6 -3.9 2.6
Cash flow 0.6 -8.0 -0.4
CEO's comment"The first six months are a continuation of 2007, focusing on new
products, geographical expansion and positive earnings. We are
continuing to grow and strengthen our position in important markets,"
says Yvonne Mårtensson, CEO of CellaVision."The strategic initiative to increase sales in the USA by
supplementing our distributor with our own organization has now
resulted in the first salespeople being in place. We will also
increase personnel in Canada and Japan. These initiatives will not,
however, have any sales impact until later this year and we are
trying to continue market investments in pace with increased sales.
Product registration in China was completed during the reporting
period and we received our first order. We are pleased to have
obtained exposure in this market with great long-term potential. We
have also received the first orders for the application for body
fluids, which can be purchased for all existing and future DM96s."
For further information, please contact:
Yvonne Mårtensson, CEO. Phone: +46 708 33 77 82, e-mail:
yvonne.martensson@cellavision.se
Johan Wennerholm, CFO. Phone: +46 708 33 81 68, e-mail:
johan.wennerholm@cellavision.se
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