STRUCTURAL EVOLUTION IN ALL DIVISIONS
Waregem (Belgium), 15 January 2010 - In 2009 the consolidated turnover of Arseus
increased 10.3% to EUR 391.3 million. The organic growth in 2009 was 4.1%. In
the fourth quarter the consolidated turnover increased 9.9% to EUR 113.9
million. The organic growth was 4.5%.
The evolution of turnover per division is as follows[1]:
+-------------------+---------+---------+-----------+----------------+
| (x EUR 1 million) | Q4 2009 | Q4 2008 | evolution | organic growth |
+-------------------+---------+---------+-----------+----------------+
| Fagron | 43.1 | 39.1 | 10.2% | 6.5% |
+-------------------+---------+---------+-----------+----------------+
| Arseus Dental | 46.9 | 43.0 | 9.1% | 3.8% |
+-------------------+---------+---------+-----------+----------------+
| Arseus Medical | 15.7 | 14.2 | 10.6% | -1.1% |
+-------------------+---------+---------+-----------+----------------+
| Corilus | 8.2 | 7.3 | 12.3% | 9.6% |
+-------------------+---------+---------+-----------+----------------+
| TOTAL | 113.9 | 103.6 | 9.9% | 4.5% |
+-------------------+---------+---------+-----------+----------------+
+-------------------+-------+-------+-----------+----------------+
| (x EUR 1 million) | 2009 | 2008 | evolution | organic growth |
+-------------------+-------+-------+-----------+----------------+
| Fagron | 150.7 | 136.9 | 10.1% | 5.6% |
+-------------------+-------+-------+-----------+----------------+
| Arseus Dental | 161.2 | 144.2 | 11.8% | 3.1% |
+-------------------+-------+-------+-----------+----------------+
| Arseus Medical | 50.6 | 47.3 | 7.0% | 2.0% |
+-------------------+-------+-------+-----------+----------------+
| Corilus | 28.8 | 26.2 | 9.9% | 6.3% |
+-------------------+-------+-------+-----------+----------------+
| TOTAL | 391.3 | 354.6 | 10.3% | 4.1% |
+-------------------+-------+-------+-----------+----------------+
Ger van Jeveren, CEO of Arseus: "2009 was in several respects an excellent year
for Arseus. Despite the unfavourable economic circumstances and the cost-saving
programme launched at the start of 2009, all the divisions contributed to the
turnover growth of 10.3%, of which no less than 4.1% was organic growth. The
emphasis in the first half of 2009 was on strengthening our management
structure, while we used our healthy financial situation in the second half of
2009 to make some strategic acquisitions.
We are confident about the future and confirm our previous outlook that
recurring EBITDA will grow faster than turnover in 2009. Based on our current
view and Arseus' existing portfolio, we expect to generate turnover growth of
between 5% and 10% in 2010 and a recurring EBITDA that is again expected to grow
faster than turnover."
[1] Unaudited management figures.
Please open the link below for the full press release:
[HUG#1373745]
Excellent year for Arseus: turnover increases 10.3% to EUR 391.3 million: http://hugin.info/138311/R/1373745/336658.pdf