Neoss Announces Record Second Quarter Cash Flow and 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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