Biomet Inc. Announces First Quarter of Fiscal Year 2013 Financial Results

WARSAW, Ind.--(BUSINESS WIRE)--Biomet, Inc. announced today financial results for its first fiscal quarter ended August 31, 2012.

Initial close of the Trauma Acquisition was announced June 15, 2012; substantially completed

Net sales increased 6% (10% constant currency) worldwide to approximately $707 million

Net sales, excluding the Trauma Acquisition, increased 1% (4% constant currency) worldwide

Large Joint Reconstructive sales decreased 1% (grew 2% constant currency) worldwide, with 1% growth in the U.S.

S.E.T. sales increased 56% (59% constant currency) worldwide and increased 52% in the U.S.

Excluding the Trauma Acquisition, S.E.T. sales increased 8% (10% constant currency) and increased 11% in the U.S.

Initiated refinancing activities to reduce cost of overall debt capital structure