5/21/2013 9:39:29 AM
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Sales rose 129 percent compared with the first quarter of 2012. The sharp
increase resulted from the successful acquisition of our North American
operation, combined with strong organic growth. We took over a professional and
well-aligned organization and are highly satisfied with the organizations having
merged in accordance with schedule and budget. The milestones set prior to the
acquisition were surpassed. The acquisition entails a radically improved
opportunity to influence our revenues – proprietary sales in the US now account
for 41 percent of total sales, while distributors in the rest of the world
contribute 59 percent.
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