SomnoMed: Result 2015

Sales in Asia are growing strongly and there's a large jump in profitability on the horizon for this oral device maker.

SomnoMed set new sales records in all its geographic regions during the 2015 financial year, with revenue increasing 24% in the US, 17% in Europe and 14% in Australia/Pacific. Management noted a ‘positive shift’ in insurance reimbursement after new contracts were signed in the US, Holland and Germany.

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