DENMARK - Nordic Capital's Nycomed achieves sales growth

Compared to 2004, all markets achieved strong sales growth, with Scandinavia growing 7%, Western Europe 14.9% and Central Europe 16.8%. Russia-CIS showed outstanding performance, increasing net turnover by 52.4%.

The Group’s adjusted EBITDA reached EUR 156.7m in 2005, an increase of 21.2% over 2004. The positive results were driven by a good performance in all geographical regions and sales growth from established and newly-launched products. The increase in earnings also benefited from improved efficiency in manufacturing.

In 2005, Nordic Capital acquired Nycomed from a group of investors. The transaction valued the company at approximately EUR 1.8bn.

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