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Medartis Holding AG: Medartis achieves solid full-year 2020 result and nominates new Chairman of the Board of Directors for election


PRESS RELEASE
Medartis achieves solid full-year 2020 result and nominates new Chairman of the Board of Directors for election
Basel, Switzerland, 10 March 2021 -
Medartis Holding AG (SIX: MED) achieved sales growth of 9% in local currencies in the second half of 2020, driven by 13% growth in direct markets. Taking into consideration pandemic-related disruptions, Medartis has reached a solid full-year 2020 performance of 1% growth in local currencies, outperforming the market. The adjusted EBITDA margin increased to 16% compared to 15% year on year, thanks to cost discipline while continuing to invest in growth initiatives. The Board of Directors will propose Marco Gadola for election as the new Chairman of the Board of Directors at the next Annual General Meeting on 23 April 2021. Dr. h.c. Thomas Straumann will assume the role of Vice Chairman. ....

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