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Creo Medical says annual performance 'marginally ahead' of expectations | 17 February 2021


17 February 2021 | 08:11am
StockMarketWire.com - Medical device company Creo Medical said annual performance was marginally ahead of management s expectation amid ongoing commerical progress thanks to a boost from acquisitions.
For the year ended 31 December 2020, revenue jumped to over £9 million from £0.01 million a year earlier, with net cash position in excess of £45 million.
The acquisitions of Albyn Medical S.L. and Boucart Medical SRL provided the company with a direct sales presence in Europe to facilitate the roll-out of its CE marked advanced energy devices, and strengthen Creo s EU and UK commercial teams, the company said.
In 2021, the immediate focus for the company is to deliver clinical outcomes for all devices, Creo said. ....

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