Vitrolife's press release of annual accounts 2002

2003-02-19 - 19:19

VITROLIFE'S PRESS RELEASE OF ANNUAL ACCOUNTS 2002 ·Net total sales amounted to SEK 103.3 million (100.1). ·Revenues for core activities increased by 17.1% to a total of SEK 75.2 million (64.2). ·Gross profits increased by 22.2% to a total of SEK 49.4 million (40.4) ·Cost-cutting and restructuring programs burdened the results by SEK 89 million. ·The group's net loss totalled SEK -116.5 million (-37.4). This result was affected by SEK -69.4 million in items affecting comparability. ·Vitrolife divested its sales rights to Ophthalin(TM) and Fermathron(TM), as well as its manufacturing plant in Edinburgh, Scotland. ·The Food and Drug Administration approved Vitrolife's request to market new cell culture media for in-vitro fertilization (GIII series - Closer to Nature) based on recombinant albumin and hyaluronan. See the enclosed press release of annual accounts for 2002. Gothenburg, February 19, 2003. Vitrolife AB (Publ) For further information, please contact: CEO: Magnus Nilsson, tel. +46 31 721 80 61, +46 708 22 80 61 e-mail: mnilsson@vitrolife.com Finacial manager and IR agent: Margareta Fischer, tel. +46 31 721 80 13, +46 708 22 80 13 e-mail: mfischer@vitrolife.com www.vitrolife.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/19/20030219BIT01340/wkr0001.doc The full year-end report http://www.waymaker.net/bitonline/2003/02/19/20030219BIT01340/wkr0002.pdf The full year-end report