GYG Gyg Plc

RNS Number:1873G
Gyrus Group PLC
14 July 2006

14th July 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 interim results announcement on 12th  September 2006.



The Group's reported revenues for the six months to 30th June 2006 are
anticipated to be approximately #107 million representing growth of over 125% on
the previous year (2005: #47.3 million). Proforma organic revenue growth (which
assumes a full period comparative for the ACMI business which was acquired on
21st July 2005) is expected to be marginally over 10%. The legacy Gyrus
businesses grew revenue by approximately 17% over the first half of 2005 (12% on
a constant exchange rate basis). Good performances from the Group's proprietary
Divisions in the US and the Partnered Technologies Division were partly offset
by a weaker performance in international markets, where the integration of
international distributors during the period caused a shortfall in revenues.



The Surgical Division's new PlasmaCision-derived products (G400 generator,
Plasma Trissector, Plasma J Hook) were introduced to the general surgery market
in late March and the technology has been well received during this initial
evaluation phase. At the end of the period there were approximately 100 G400
generators either placed or sold into the surgical market and the division
achieved revenue in excess of $1 million from the PlasmaCision portfolio.



The Urology & Gynaecology Division had a slower first half when compared to a
strong 2005 result pre-acquisition, however the adoption of PK SuperPulse into
the legacy ACMI urology accounts has started well with sales in excess of the
Company's forecasts. New product introductions, including the early evaluation
of the new digital ureteroscope, show significant potential for the second half
of 2006.



The integration programme has continued on track and savings from this, together
with revenue orientated towards more profitable US domestic disposables sales,
is expected to result in a significant enhancement to operating profitability.



Subject to any unforeseen adjustments it is anticipated that underlying "
adjusted" earnings per share (excluding amortisation of acquired intangible
assets, integration costs and deferred tax adjustments) for the six months to
30th June 2006 will be in line with consensus expectations, which currently
stand at 7.3 pence per share (H1 2005: 5.1 pence).



Brian Steer, Executive Chairman of Gyrus said:



"The first half of 2006 has been a successful period of change; we have made
significant inroads into the integration programme and have started to
re-orientate the legacy ACMI business towards our disposable devices business
model. At the same time we have successfully introduced our important new
PlasmaCision technology. In addition, we look forward to a number of potentially
significant new product launches in the second half of 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 269 7242




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