Operational Highlights

Restructured business to increase commercial focus and 

financial control

• Goal to deliver sustainable profitability from recurring revenue

• Established a lean structure and reduced costs from non-core business functions

• Appointed Christophe Foucher as Chief Operating Officer, responsible for all commercial, supply-chain and manufacturing operations

Consolidated own sales and marketing activities in our Country Operations in France, Italy and Spain

• Appointed new Country Operations Directors

• Launched key products including Sebclair and Papulex

Continued expansion through marketing partner network

• Signed 65 new distribution agreements covering 27 products in 47 markets

• 44 launches of seven products in 22 countries

• Focused on expansion in key territories including emerging markets

Maximising existing technologies through R&D and strategic licensing in/out activities

Financial Highlights

2009

2008

EBITDA profit before exceptional items

£2.3m

£1.3m

Total revenue

£30.4m

£30.3m

Gross profit

£20.7m

£19.4m

Operational loss before exceptional items

£0.3m

£0.8m