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Home Industry News Biolitec publishes financial results for fiscal year 2008-09

Biolitec publishes financial results for fiscal year 2008-09

2nd October 2009

Biolitec has released its financial results for the fiscal year 2008-09, revealing consolidated sales of 30.5 million euros (27.8 million pounds) for the period.

It also experienced sales growth in regions such as the Middle East, Asia and South America the data shows, with top-performing products including its LIFE laser therapy and the ELVeS PainLess laser treatment.

Recent restructuring measures were also attributed to the group’s net income for the period amounting to 0.64 million euros, while gross profit stood at 21.4 million euros.

Doctor Wolfgang Neuberger, chief executive of Biolitec, said: “We have achieved significant progress with the further improvement of our vein treatment ELVeS PainLess by the first radial-emitting laser fiber ELVeS RADIAL and its market launch.”

Biolitec entered the stock market in 2000 and is a major global company in the field of laser medicine. Some of the therapies it has devised include those treating benign prostate hyperplasia and age-related macular degeneration.

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