LINET Group SE has concluded its first full fiscal year after its establishment in July 2011.
To achieve this result, nearly 65,000 electric motor beds for the market of hospitals and nursing homes were manufactured in two production sites and then sold worldwide.
To achieve this result, nearly 65,000 electric motor beds for the market of hospitals and nursing homes were manufactured in two production sites and then sold worldwide.
Apart from Europe, the USA and South America have been the most important sales regions for the group. Especially worth mentioning in this context is certainly the successful implementation of the group's largest project to date, a cooperation with the Brazilian ministry of education. "In the past fiscal year, the company has impressively demonstrated its leading position as European provider of innovative highquality beds, anti-bedsore mattresses, services and room concepts," managing director Dr. Michael Rosada comments on the market relevance of LINET Group.
In addition, the group increased its profitability due to a growth in sales. Due to an increase in the gross margin and professional cost management, the EBITDA margin could be increased to 14.6 % or, in consideration of special items, to 15,4 %. With an increase in total assets to 323.2 million euros, the equity ratio was about 70 %. For further internationalization of the business, the group established two new subsidiaries: LINET do Brasil located in São Paulo and LINET CEE located in Moscow. Moreover, marketing activities were systematically intensified in all regions, with the group acquiring new customer and partner contacts with trade show appearances for example in Brazil, China, Saudi Arabia, Nigeria, Kenya or Indonesia, contributing to the successful continuation of the growth.
Rosada's forecast for the business development in 2013/2014 is similarly positive: "After a slow start, the group has gained momentum. From today's perspective, we therefore expect to meet our business objectives."
