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Product / Company Performance

aap Reports 1Q19 Revenue of €2.6MM, -9.8% vs. 1Q18 -

By Mike Evers, ORTHOWORLD

 

aap Implantate reported 1Q19 revenue of €3.5MM (USD $4.3MM), +23.4% vs. 1Q18.

  • Sustained momentum from 4Q in Germany with +15% growth, and rebounded in North America with +22% growth
  • Improved margin by focusing on high-margin markets and improved product mix
  • Continued to make progress on clinical approvals for LOQTEQ polyaxial fixation and silver coating technologies

 

Segment sales and growth on an as-reported basis are as follows ($MM).

  1Q19 1Q18 $ Chg % Chg
Trauma $4.3 $3.4 $0.8 23.4%

Sales by geographic region ($MM):

Geographic Region 1Q19 1Q18 $ Chg % Chg
US $0.7 $0.6 $0.1 21.7%
Ex-US $3.5 $2.9 $0.7 23.7%
Total $4.3 $3.4 $0.8 23.4%

 

Source: aap

Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.

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