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Home Industry News Haemonetics “extremely pleased” with financial performance

Haemonetics “extremely pleased” with financial performance

5th August 2009

Haemonetics’ chief executive and president has expressed his pleasure at the company’s financial performance for the first fiscal quarter of 2010.

Brian Concannon made his comments as the firm announced GAAP net revenues of $154 million (90.6 million pounds) for the three-month period.

The company ended the first quarter with a total of $174 million in cash and $22 million of debt, as well as generating $5 million of free cash flow.

Mr Concannon said: “I’m extremely pleased with our start to fiscal 2010. We continue to deliver strong financial results while making excellent progress in execution to our full-year goals for blood management solutions.”

He concluded by stating that the firm is “extremely well positioned” in the current period of economic uncertainty.

Last month, Haemonetics issued an update to its standard terms and conditions of purchase and informed suppliers that any questions relating to this should be directed to their local purchasing contacts.

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