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Ossur Hf (ICE:OSSR) Second Quarter 2008 Financial Highlights
* Sales USD 92.9 million, up by 6% from Q2 2007 * EBITDA USD 19.0 million, up by 10% * EBITDA margin 20.5%, compared to 19.7% in Q2 2007 * Net profit USD 3.9 million, compared to USD 1.5 million in Q2 2007 * Cash EPS diluted 2.42 US cents, up by 25% * EPS diluted 0.93 US cents, up by 138%
First Half 2008 Financial Highlights
* Sales USD 182.6 million, up by 8% from H1 2007 * EBITDA USD 42.0 million, up by 52% * EBITDA margin 23.0%, compared to 16.4% in H1 2007 * Net profit USD 10.6 million, compared to a net loss of USD 1.2 million in H1 2007 * Cash EPS diluted 5.39 US cents, up by 90% * EPS diluted 2.51 US cents, compared to -0.32 in H1 2007
Jon Sigurdsson, President & CEO, comments: "The main focus in 2008 is on profitability and product rationalization. We have managed to increase the profitability of our business handsomely for the first six months, despite the fact that sales were slow in the second quarter. Product launches in the first half of the year have been unusually few, but there are some interesting products and product upgrades anticipated for the second half of the year. "
Live comments form the CEO, see link here below: www.ossur.com/ceocomments
The press release including tables, the Market Presentation Q2 2008 and the Financial Statement Q2 2008 can be downloaded from the following links:
