GYG Gyg Plc

RNS Number:9463W
Gyrus Group PLC
16 January 2006

16th January 2006

                                Gyrus Group PLC

                           Pre-Close Period Statement

Reading, UK - Gyrus Group (GYG.L) a leading supplier of medical devices which
reduce trauma and complications in surgery, today provides a pre-close period
update ahead of its preliminary results announcement on 16th March 2006.

The Group's reported revenues for the year to 31st December 2005 are anticipated
to be approximately #149 million representing over 70% growth on the previous
year (2004: #86.9 million). Underlying revenue growth (excluding the effect of
the acquisition of American Cystoscope Makers Inc ("ACMI"), which completed on
21st July 2005, and on a constant exchange rate basis) is expected to be
marginally over 14%. The full year results will include a 23 week contribution
from ACMI, amounting to revenues of approximately #49 million.

The acquisition of ACMI was a significant event in the Group's development, and
its performance since the acquisition has been in line with the Group's
expectations. The integration of ACMI is on track with the plans outlined at the
interim results in September.  It remains Gyrus' view that the combined
businesses will yield significant improvements in profitability over the
three-year integration period post acquisition.

Subject to any unforeseen audit adjustments in respect of IFRS, acquisition and
tax accounting, it is anticipated that underlying earnings per share for the
year to 31st December 2005 will be towards the higher end of analysts'
expectations which currently range between 9.4p and 13.3p on an adjusted basis.

Brian Steer, Executive Chairman of Gyrus said:

"For the Board and management, 2005 has been exciting both operationally and
strategically. The business has performed extremely well and we took advantage
of the outstanding opportunity to acquire ACMI mid way through the year.  The
successful initial integration of ACMI is a testament to the strength and
capability of the combined management team, particularly at the divisional
level.  We look forward to continuing our strong performance in 2006."

Enquiries:

Gyrus Group PLC

Brian Steer                   Executive Chairman                 01189 219 750
Simon Shaw                    Chief Financial Officer            01189 219 750


Financial Dynamics

Ben Atwell                                                       0207 831 3113




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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