STENTYS
Financial Information for the Third Quarter of 2019 - Seite 2
+8%
Audited data
STENTYS completed the acquisition of MINVASYS during the second quarter of 2018, its activity being consolidated from May 1, 2018. The changes presented for the first 9 months of 2019 are therefore partly due to different scopes of consolidation. The following pro forma information thus provides a vision of revenue changes on a comparable basis.
Pro forma revenues for the first 9 months of 2019
€ thousands |
9M 2019 |
9M 2018 Pro forma3 |
% change |
Europe2 |
3,771 |
4,115 |
-8% |
Rest of the world |
2,625 |
3,662 |
-28% |
Total revenues |
6,396 |
7,777 |
-18% |
Audited data (except pro forma information)
€ thousands |
9M 2019 |
9M 2018 Pro forma3 |
% change |
Stents |
3,512 |
4,972 |
-29% |
Balloons & accessories |
2,884 |
2,806 |
+3% |
Total revenues |
6,396 |
7,777 |
-18% |
Audited data (except pro forma information)
Over the first 9 months of 2019, the Group generated revenues of €6.4 million, down 18% compared with the first 9 months of 2018 (pro forma1), heavily impacted by a 41% fall in the third quarter of 2019 compared with the third quarter of 2018.
Within the framework of a CE marking renewal process, the Company received a request from the French health authorities on August 2, 2019, following the announcement of its planned early dissolution, to suspend sales of its Amazonia SIR stent within the framework of a transitional regulatory provision. On October 7, 2019, the Company was authorized to resume sales of this product until January 8, 2020. Amazonia SIR stent sales thus tumbled 89% in the 3rd quarter of 2019.