XCounter Trading Update (4607O)
September 19 2011 - 1:01AM
UK Regulatory
TIDMXCT
RNS Number : 4607O
XCounter AB
19 September 2011
PRESS RELEASE
Stockholm, 19 September 2011
Trading Update
XCounter AB (AIM: XCT) ("XCounter" or the "Company"), a
technology leader in the development of photon counting X-ray
detectors and tomosynthesis based 3D medical imaging, announces a
trading update for the 6 months to 30 June 2011 in advance of its
Interim Results which are scheduled to be announced at the end of
September 2011.
-- Net sales rose 61.3% to SEK 25.9m (GBP2.5m) (H1 2010: SEK
16.3m (GBP1.6m))
-- Group loss before tax reduced 55.7% to SEK 8.1m (GBP0.8m) (H1
2010: SEK 18.2m (GBP1.8m))
-- Group loss reduced 51.2% to SEK 8.4m (GBP0.8m) (H1 2010: SEK
17.3m (GBP1.7m))
-- Current confirmed customer orders for deliveries before end
2011 represent SEK 25.7 million (GBP2.5m), an increase of 85.2% on
the comparable prior year figure
-- On 29 June 2011, XCounter announced an exclusive, worldwide
agreement for the development and supply of photon counting digital
X-ray detector technologies with a leading healthcare imaging
company. Depending on the success of the project, the deal has an
aggregate value of up to EUR50m over the next nine years
The financial statements are being prepared under the assumption
of going concern.
Mikael Strindlund, CEO of XCounter, commented, "Our first 6
months 2011 show a significant business development which is fully
in line with our defined strategy and overall targets."
For further information, please contact:
XCounter AB Tel: +46 (0) 8 622 23 00
Mikael Strindlund, CEO
Nomura Code Securities Tel: +44 (0) 20 7776 1200
Phil Walker
Capital MS&L Tel: +44 (0) 207 307 5330
Anna Davies
About XCounter AB XCounter AB is a leader in the development of
photon counting detector and tomosynthesisbased 3D medical imaging
technology. For more information, please visit:
www.xcounter.se.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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