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Safe Orthopaedics announces its 2018 results and
its revenues for the first quarter of 2019
In 2018:
Revenues of €3.5M€, up 12%
Sales acceleration through direct distribution +27%
Operating income of €6.1m from investments in Germany and the United Kingdom
In Q1 2019:
Record revenues of €1.1 million, up 16%
Growth in direct distributions: +7%
Start of marketing in Japan
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Please find here the press release
Eragny-sur-Oise, France, April 26, 2019 – SAFE ORTHOPAEDICS (FR0012452746 – SAFOR), a company specializing in the design and marketing of single-use implants and instruments for the minimally invasive treatment of spine fracture pathologies, today announced its 2018 annual results and its sales for the first quarter of 2019.
The 2018 Registration Document including Safe Orthopaedics' 2018 Annual Financial Report will be available on the Company's website (www.SafeOrthopaedics.com) under the heading Investors > Documentation > Regulated Information as from 29 April 2019.
"2018 was another year of construction for Safe Orthopaedics with the strengthening of its financial resources, the acquisition of a third direct sales force and the structuring of sales management. We also note the conquest of market share in the fracture stabilization segment, reaching 9% in the French market, and are very proud to now offer a complete range thanks to the launch of SteriSPineTM VA" commented Pierre Dumouchel, Chief Executive Officer and Co-founder of Safe Orthopaedics. "2019 begins with a record international sales of €1.1M driven by the growth of our strategic technologies for fracture treatment (SteriSpine VA and PS), which grew by 27%, and our commercial launch in Japan. Combined with the strengthening of the direct sales and marketing teams completed and announced at the end of last year, we are also forecasting our growth in 2019 thanks to a sustained pace of new technologies".
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Founded in 2010, Safe Orthopaedics is a French medical technology company that offers the safest technologies to treat spinal fractures. Delivered sterile, all implants and respective disposable instrumentation are available to the surgeon at any time, any place. These technologies enable minimally invasive approaches, reducing risks of cross contamination and infection in the interest of the patient. Protected by 17 patent families, the SteriSpineTM Kits are CE marked and FDA cleared. The company is based at Eragny-Sur-Oise (France), and has 50 employees. |
