Neoss Reports Record Second Quarter Cash Flow
Neoss General Announcement
Record Second Quarter Cash Flow
Continued Strong Sales Growth
M J Dormer announced today strong continuing results for Neoss
worldwide. Since his appointment as Chairman and CEO in early March
this year, Neoss has
continued to show sales expansion at approximately twice the
estimated growth in the market. Significant product launches over
the past two years have fuelled this share growth, particularly the
very successful ProActive implant.
In addition, Neoss has recorded record positive operational cash
flow over the calendar second quarter of 2011. The strong financial
position of Neoss together with the commitment from its equity
investor's, will provide the platform for additional major product
launches in 2012.
Neoss Investors include MMC Ventures, Delta Partners, Medtronic
Inc and Souter Investments.
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