össur annual report2009 - Euroland

unaudited inforMation
The following notes are not audited as they relate to quarterly information and the Company only requires an audit for the full year.
q4 q3 q2 q1
2009 2009 2009 2009 2009
Net sales 87,871 84,184 81,345 77,180 330,580
Cost of goods sold ( 34,863 ) ( 32,463 ) ( 31,284 ) ( 30,155 ) ( 128,765 )
Gross profit 53,008 51,721 50,061 47,025 201,815
Other income 131 18 120 227 ( 496 )
Sales and marketing expenses ( 23,451 ) ( 21,948 ) ( 23,105 ) ( 24,063) ( 92,567 )
Research and development expenses ( 5,132 ) ( 4,170 ) ( 4,813 ) ( 4,965 ) ( 19,080 )
General and administrative expenses ( 10,834 ) ( 10,725 ) ( 10,490 ) ( 10,375 ) ( 42,424 )
Profit from operations 13,722 14,896 11,773 7,849 48,240
Financial income 69 45 70 70 254
Financial expenses ( 4,073 ) ( 4,047 ) ( 4,080 ) ( 3,387 ) ( 15,587 )
Net exchange rate difference 793 ( 4,196 ) ( 4,481 ) 5,214 ( 2,670 )
Total financial income/(expenses) ( 3,211 ) ( 8,198 ) ( 8,491 ) 1,897 ( 18,003 )
Profit before tax 10,511 6,698 3,282 9,746 30,237
Income tax ( 2,437 ) ( 1,938 ) ( 927 ) ( 2,173 ) ( 7,475 )
Net profit 8,074 4,760 2,355 7,573 22,762
EBITDA 17,812 19,355 16,958 12,863 66,988
All amounts in thousands of USD 95 annual report 09
Össur hf. consolidated financial stateMents 2009