Brief: Geratherm Medical Discontinues Area Of Medical Heating Blankets

Geratherm Medical AG

14/01/2022 13:34

Jan 14 (Reuters) - GERATHERM MEDICAL AG  GMEG.DE :
    * DECIDED, IN AGREEMENT BETWEEN SUPERVISORY BOARD AND
MANAGEMENT
BOARD, TO DISCONTINUE AREA OF MEDICAL HEATING BLANKETS FOR
CLINICAL SURGERY AND ASSOCIATED RESEARCH AND DEVELOPMENT WITH
IMMEDIATE EFFECT
    * CURRENT MARKET SITUATION AND MARKET PROSPECTS FOR PRODUCT
DO NOT
REFLECT ASSOCIATED EXPENSES FOR CERTIFICATION ACCORDING TO MDR
    * AS OF DECEMBER 31, 2021, THERE WILL BE A SPECIAL
DEPRECIATION OF
AROUND EUR 900 THOUSAND, WHICH WILL BE OFFSET BY ANNUAL SAVINGS,
ESPECIALLY FOR RESEARCH AND DEVELOPMENT EXPENSES AND
CERTIFICATIONS, OF AROUND EUR 400 THOUSAND
    * THERE ARE NO NOTABLE DECLINES IN SALES IN THIS AREA DUE TO
RECERTIFICATION

Source text for Eikon:  ID:nEQbGdlgCa 
Further company coverage:  GMEG.DE 

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