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Medistim

Earnings Release • Feb 15, 2018

3662_rns_2018-02-15_e907b5fd-0615-461d-9416-ea1015beb725.html

Earnings Release

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Results for the 4th quarter and preliminary results for 2017

Medistim had record sales for a quarter and year. Sales for the quarter ended at MNOK 82.2 (MNOK 67.4), a 21.9 % growth. Sales for 2017 ended at MNOK 301.5 (MNOK 268.1), a growth of 12.5 %. Currency neutral sales of own products increased with 31.3 % for the quarter. For 2017, currency neutral growth in sales of own products was 15.7%. EBIT for the quarter ended at MNOK 16.4 (MNOK 9.7), a 67.9 % growth. For 2017 EBIT ended at MNOK 65.5 (MNOK 56.4) a 16.2 % growth. Sales in USA continues the solid growth and currency neutral sales growth was 27.8 % for the quarter and 16.9 % for the year. The probe production capacity has improved and previous issues are solved. Entered into a collaboration to develop new production technology partly financed by Norwegian Research Council. The Board suggests a dividend of NOK 2.00 per share (NOK 1.75).