DGAP-News: aap Implantate AG
/ Key word(s): Half Year Results/Preliminary Results
27.07.2021 / 10:17
The issuer is solely responsible for the content of this announcement.
aap Implantate AG (“aap” or the “Company”) recorded significant sales growth in both the second quarter and the first half of 2021. According to preliminary figures, aap increased sales in the second quarter of 2021 by a noticeable 74% year-on-year to EUR 3.3 million (Q2/2020: EUR 1.9 million). In the first six months of the current financial year, sales also increased significantly by 37% year-on-year to EUR 6.0 million (H1/2020: EUR 4.4 million). Taking into account constant exchange rates, the growth rates were even 79% (Q2) and 41% (H1). Overall, aap thus continues to be on a growth track after the good start in the first quarter and underlines its ambitious growth targets for the financial year 2021 (+29 to +61% vs. FY/2020) with the significant sales increases in the second quarter.
Looking at the individual regions, against the backdrop of the relaxation of COVID-19 measures implemented in many places and progressing vaccination campaigns, aap was able to record a recovery in business in all major markets and realize in some cases very significant sales increases. International business developed particularly strongly (Q2: >+100%, H1: +59%). This positive development is based on the one hand on recovery trends in important markets such as Brazil, Mexico and South Africa compared with the COVID-19 impacted reference periods of the previous year, and on the other hand on the strong growth rates of Spain and Saudi Arabia, which were even able to overcompensate for their losses from financial year 2020. In Germany, too, the Company continues to recover following the lifting of numerous pandemic measures (Q2: +3%, H1: +9%), although growth here was lower than in the other core markets. This was primarily due to the relatively late end of the lockdown in Germany, where many restrictions were not lifted until the beginning of June this year. Even though Germany has not yet returned to the level of the pre-COVID-19 year 2019, an upward trend was already discernible in June following the easing of the COVID-19 measures, suggesting further growth.
In the USA, aap continued its dynamic growth course with significant sales increases (Q2: +72%, H1: +30%) and in the second quarter of 2021 for the first time achieved a sales level above the EUR 1 million mark. In doing so, the Company was able to significantly increase the number of surgeries performed to around 550 in the second quarter (+45% vs. Q2/2020), thus stabilizing at a good level after the positive first quarter (>500 surgeries). Based on this, sales in the US distribution business increased by a strong 77% (Q2) respectively 51% (H1). A decline was recorded in the business with global partners, as the first quarter of 2020 still included a large order from a global partner, which thereafter only ordered consumables in a much smaller volume. The second quarter of 2021 also includes a one-time effect from the termination of a contract with a former distributor, which was recognized in sales with around EUR 0.2 million.
The figures contained in this press release are preliminary values as of 30 June 2021, which are subject to change until final publication. aap plans to announce the final results for the second quarter and the first half of 2021 on 13 August 2021.
1) In FY/2020, approx. KEUR 10 that was actually attributable to Germany was reported in Europe. The reclassification has been made as part of the current financial reporting.
About aap Implantate AG
For queries, please contact:
aap Implantate AG; Fabian Franke; Head of Investor Relations; Lorenzweg 5; 12099 Berlin, Germany; Phone: +49 (0)30 75019 – 134; Fax: +49 (0)30 75019 – 290; Email: firstname.lastname@example.org
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|Company:||aap Implantate AG|
|Phone:||+49 (0) 30 75 01 90|
|Fax:||+49 (0) 30 75 01 91 11|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1220742|
|End of News||DGAP News Service|