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Guerbet — Earnings Release 2009
Nov 12, 2009
1392_10-q_2009-11-12_45e61d60-93a2-4763-be08-bbdcf2f428ee.pdf
Earnings Release
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PRESS RELEASE
2009 third-quarter sales
Villepinte, 13 November 2009
Consolidated Group sales (IFRS):
| In thousands of euros | 2009 | 2008 | Change |
|---|---|---|---|
| First quarter ………………………………… | 79,031 | 75,573 | +4.6% |
| Second quarter ……………………………… | 83,485 | 81,376 | +2.6% |
| Third quarter ……………………………………… | 81,997 | 79,160 | +3.6% |
| First nine months………………………… | 244,513 | 236,109 | +3.6% |
Consolidated sales by region
| In thousands of euros | 2009 | 2008 | Change |
|---|---|---|---|
| European subsidiaries…………………………… | 191,120 | 186,969 | +2.2% |
| Other markets …………………… | 53,393 | 49,140 | +8.7% |
| First nine months………………………… | 244,513 | 236,109 | +3.6% |
2009 third-quarter sales highlights and outlook
Dotarem has maintained sustained growth in volume (+17.7%) and in value (+10.1%) compared to the same period last year. This trend confirms Dotarem position as the European leader in the MRI segment with a 38% market share in Europe in the 2009 first half, gaining a further 5 points over the first half of 2008.
Xenetix sales accelerated, increasing 17.3% in volume in the quarter (+4.4% in value) to achieve yearto-date nine-month growth of 15.6% (+2.6% in value). Reflecting this momentum, Xenetix also added market share, particularly in Europe.
Group revenue overall in the 2009 third quarter grew 3.6%. Excluding currency effects, revenue grew 4.1%.
Europe, the Group's primary market, experienced a period of consolidation in the third quarter, particularly for sales to agents. The German subsidiary has continued to deliver rapid growth in sales (+9.4%).
The Group's strongest growth has been achieved in Asia (+20.57% year-to-date), driven notably by the expansion of sales in China.
On this basis, the Group confirms its guidance for annual sales in line with the prior year.
Contact: Finance Department. Tel: +33 (0) 1 45 91 50 11