Interim report Vigmed Holding AB (publ) January – March 2015

  · Net Sales for the first quarter amounted to SEK 1.5 million (0 SEK in the
first quarter 2014).
  · Operating profit in the first quarter for the Group amounted to SEK -9.1
million (SEK -5.6 million).
  · Net income per weighted number of shares for the first quarter amounted to
SEK -0.21 (SEK -0.15).
With products delivered to eleven countries in Europe, Vigmed sales took off as
expected during the first quarter of 2015, and closed just above SEK 1.5 million
for the first three months, 35% higher than for the full year of 2014. In
January however, some customer feedback indicated that a detail in the design
could affect the robustness of the CLiP Winged product line. The issue itself
was not of a kind that required a recall of the products, but distributors were
informed and offered a replacement of their existing stock of the products in
question.

As a consequence of the received feedback, some adjustments to the product
design were made in order to meet the high quality requirements the company has
set on its products. Vigmed’s distributors can expect to receive first
deliveries of improved products at the beginning of July and onwards. These
adjustments will however delay the market uptake by a few months, which is why
the company will not meet previously communicated sales aspirations of 50 MSEK
for 2015.

“It is currently difficult to foresee the immediate market up-take for this
year, which is why we have decided not to give any new short-term sales forecast
for 2015. The ongoing market launch of the CLiP product lines and the upcoming
launch of SWiTCH allow us all however to look forward to the coming quarters
with great confidence”, says Vigmed CEO Finn Ketler.
For further information contact:

Chairman of the board, Lennart Holm +46 70 630 8562 or CEO, Finn Ketler +46 42
600 5311
Vigmed is a Swedish medical technology company whose mission is to eliminate
needlestick injuries and the associated risk of cross infections with blood
-borne infectious diseases by offering the market unique needle-protected
products. Vigmed is headquartered in Helsingborg, Sweden, and has 20 employees.
Vigmed’s share is traded on NASDAQ OMX First North in Stockholm (ticker VIG) and
has approximately 5 600 shareholders. Remium Nordic AB is the Company’s
Certified Advisor.

Additional information about the company can be found on Vigmed’s website:
www.vigmed.com/investor