Quote Originally Posted by Sauce View Post
Hi Winner69

I am no Abano expert, but I get revenues of 187.2m for 2009. It was 124m in the year before that (2008).

I think that discrepancy would go some way to explaining things? But regardless of that their ebitda margins appear to have halved from 16% in 2009, to 8% in 2011.

Cheers

Sauce
Sale of Bay Audio may account for it.The hearing aid business worked on huge margins and made huge profits.
Dental,and other parts do not have same sort of profits.Good earners,but modest profits.
Should they get the hearing aid business "model" working in Asia we will see the huge profits again,but is proving to be taking longer and is not so easy.Taiwan is starting to work,but don't think Hong Kong is, and not sure about Singapore.But well worth going for.I think they are getting a lot of support from hearing aid manufacturer Seimens.