The aap group of companies earned EUR 1.5 million in EBITDA (previous year: EUR 0.4 million) in the first quarter of 2008. Group EBIT totaled EUR 0.7 million (previous year: -EUR 0.1 million) and EBT EUR 0.5 million (previous year: -EUR 0.2 million). On total assets of EUR 69.4 million (previous year: EUR 68.0 million) the equity ratio was 63%.
Sales growth was due mainly to the very pleasing business trend in the Trauma & Orthopaedics division, which boosts sales to both international distribution partners and to OEM customers by 146% to EUR 3.7 million.
For the full year 2008 aap anticipates group sales growth at the previous year's level with sales up by at least 20% and an above-average earnings increase.
aap Implantate AG's full report for the first quarter of 2008 is available to you to download at www.aap.de.