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Theraclion Achieves Strong Sales and Accelerates Its Commercial Development in the First Half of 2017 | Business Wire

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<p>MALAKOFF, France–(BUSINESS WIRE)–Regulatory News:

THERACLION (Paris:ALTHE) (Alternext, FR0010120402 –. ALTHE), a

company specialized in leading-edge medical equipment for echotherapy,

today announced its sales for 2017 first half, ended June 30, 2017.

David Caumartin, CEO of Theraclion, declares: « Theraclion

accelerates its growth in the first half of 2017 with the signature of

11 commercial agreements1 compared with 5 the

previous year over the same period. Germany, where several health

insurances already reimburse the procedure, remains the main market for

the company. In the first half of the year, the continuing expansion of

the number of insurance companies covering the use of echotherapy has

driven growth in treatment volumes and allowed the signature of three

new commercial agreements. Three orders are registered in new countries,

reflecting the growing adoption of our echotherapy solution. Given this

dynamic commercial development, Theraclion expects to double the number

of commercial agreements1 concluded in 2017

compared to 2016. »

New orders: already 11 commercial agreements1

signed during 2017 first half

During the first half of 2017, the Company recorded 11 commercial

agreements1: 8 Echopulse® orders, 2 of which have been

already transferred2. 3 contracts for the provision of

equipment against pay per use, including 1 in Hong Kong.

Equipment rent decreased compared to the first half of 2016 due to the

exercise of the Echopulse purchase option at two of the three sites

leasing Echopulse at the end of the 2016 financial year.

While the number of clinical routine treatments increased by 77%, the

sale of consumables decreased by 7% compared to the first half of 2016.

As the supply chain matures and the delivery time reduces, customers are

maintaining lower inventory levels than they did in 2016.

The increase in service sales reflects the subscription of maintenance

contracts for systems that have come out of the warranty period.

Sales growth: 21%

K€

 

2017

 

2016

 

% vs 2016

Equipment sales3

 

456

 

294

 

+55%

Equipment rent

24

101

-76%

Consumables sales

52

56

-7%

Services sales

 

28

 

13

 

+115%

Total Sales

 

561

 

463

 

+21%

Theraclion
David Caumartin
CEO
Tel.: +33 (0)1 55 48 90 70
david.caumartin@theraclion.com
or
Kalima
Press Relations
Florence Calba, Tel.: + 33 (0)1 44 90 82 54
fcalba@kalima-rp.fr
or
The Ruth Group (U.S.)
Investor Relations / Public Relations
Robert Flamm / Kirsten Thomas
+1 646-536-7017 / +1 508-280-6592
rflamm@theruthgroup.com / thomas@theruthgroup.com

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