euro adhoc: curasan AG / Quarterly or Semiannual Financial Statements / curasan AG announces results for first quarter Improved earnings with lower revenue (E)

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Kleinostheim, May 12, 2005 - curasan AG (WKN 549 453) today announced its financial results for the first quarter ended March 31, 2005. In the first three months of the 2005 financial year, the company generated revenue of EUR 1.7 million (Q1 2004: EUR 2.4 million) and a loss before interest and taxes of EUR 400 thousand (Q1 2004: loss of EUR 516 thousand). The net loss for the period improved to EUR 256 thousand (Q1 2004: loss of EUR 335 thousand).

Revenue was 29% lower than in the same period a year ago. In spite of this, the company managed to improve EBIT by 22% year on year.

Production-related difficulties experienced by two of curasan’s suppliers led to a decline in revenue in the first quarter and to an order backlog, which is now gradually being reduced. The company was faced with a temporary downturn in revenues within the dental market due to the failure by the National Association of Statutory Health Insurance Physicians and statutory health insurance companies to reach an agreement on flat-rate allowances to be introduced in Germany. As a direct result of protracted negotiations, health insurers have been delaying authorisations required for cost and treatment schedules. Market analysts expect to see an improvement in this situation and a concomitant increase in demand in the second half of the year. Having implemented a strict regime of cost management, the company managed to scale back expenses further in the first three months of 2005. The additional measures initiated and in some cases already executed will be stepped up in the coming months. Thus, the management has reaffirmed its forecast of a significant reduction in the company’s operating loss.

The full quarterly report can be accessed on the corporate website at, Investor Relations section in the course of this afternoon.

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About curasan AG:
curasan AG (ISIN: DE 000 549 453 8), an exchange-listed company, is a leading innovator within the growth market of bone and tissue regeneration. The company has developed a comprehensive product range centred around its synthetic bone regeneration material Cerasorb®, for use in soft and hard tissue. curasan AG's main goal is to occupy a leading position as a global specialist in Regenerative Medicine. For further information, please visit curasan’s corporate website at:

Further inquiry note:
Ralph Wintermantel, curasan AG, Tel. 06027/46 86 468, e-mail:
Dr. Erwin Amashaufer, curasan AG, Tel. 06027/46 86 0, e-mail:

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emitter: curasan AG
Lindigstrasse 4
D-63801 Kleinostheim
phone: +49(0)6027-4686-0
FAX: +49(0)6027-4686-686
ISIN: DE0005494538
sector: Biotechnology
language: English