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Medistim

Earnings Release Apr 24, 2015

3662_rns_2015-04-24_79b04da8-0f7d-4c27-a7de-c7671dd05304.html

Earnings Release

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Results for first quarter 2015 for Medistim ASA

Results for first quarter 2015 for Medistim ASA

Sales for the quarter ended at MNOK 57.9 (MNOK

48.9), an increase of 18.5 %. Operating profit

(EBIT) ended at MNOK 9.9 (MNOK 7.2), up 36.7 %.

There was a strong development in sales in the US

with an increase in sales with 50 %. Currency

neutral growth in the US was 19 %. VeriQC was

cleared for sale in China during the quarter.

Medtronic is not renewing the distribution agreement

with Medistim Norge AS.

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