New storage record, over 7,300 samples stored in Q4 2009 - up 18% on Q4 2008
Cryo-Save Group N.V. (AIM/Euronext: CRYO, “Cryo-Save” or “the Group”), Europe’s leading stem cell bank, stored over 7,300 samples in Q4 2009, up 18% over Q4 2008 (6,200 samples). This is the highest quarterly storage volume to date for the Group.
The total number of samples stored for the whole of 2009 increased by 11% to 27,900 (2008: 25,200). The Group now stores in total over 120,000 samples.
In Q4 2009, 1,300 customers opted to take up the Group’s additional service to store stem cells from the umbilical cord itself, as well as from the cord blood, bringing the total number of cord samples to 3,800.
The Group expects to publish its results for the year to 31 December 2009 during the week commencing 22 March 2010.
Marc Waeterschoot, Chief Executive, commented:
“Despite difficult economic circumstances, the Group’s double digit year on year growth for 2009 is very positive, and has been driven by the significant growth we have seen in Spain, Italy, Serbia and India.
“With our leading international position, the further roll out of the umbilical cord service, combined with our profitability and healthy cash position, we are confident of maintaining our momentum in 2010.”
For further details:
Cryo-Save Group + 31 (0) 575 548 998
Marc Waeterschoot, Chief Executive
Arnoud van Tulder, Chief Financial Officer
Daniel Stewart & Company plc + 44 (0) 20 7776 6550
Simon Leathers
College Hill + 44 (0) 20 7457 2020
Adrian Duffield/Rozi Morris