VITA 34 International AG: VITA 34 International AG expands to Slovakia

VITA 34 International AG / Key word(s): Miscellaneous

22.06.2011 / 10:38

VITA 34 International AG expands to Slovakia

Leipzig, June 22, 2011 – The VITA 34 International AG (ISIN DE000A0BL849), parent company of the oldest private umbilical cord blood bank in the German-speaking countries, VITA 34 AG, successfully expands its foreign business. The enterprise has just founded a wholly-owned subsidiary in Slovakia named VITA 34 Slovakia. The Slovakian subsidiary assumes the entire sales and marketing operations, the umbilical cord blood will be stored in Leipzig.

In Slovakia, the cord blood of about three percent of the approximately 57,000 births every year is stored. Even though the storage rate is higher than in Germany, the competitive environment in Slovakia is considerably less pronounced – so far, there has been only one provider of storage of autologous umbilical cord blood. VITA 34 accordingly acts on the assumption that the Slovakian subsidiary will already positively contribute to the operating income after a few quarters. The Slovakian market is entered together with the partner, with whom VITA 34 has worked in Slovenia before. The international sales of VITA 34 already contributes to the company's growth. VITA 34 is represented through subsidiaries in Spain and Austria as well as through partners in Italy, Slovenia, and in Switzerland.

Dr. med. Eberhard Lampeter, CEO of VITA 34: 'Thus, the development of further European markets advances as planned. As early as next year, we want to achieve a significant share in the Slovakian market potential and operate profitably with VITA 34 Slovakia.'


Press / Investor Relations:
Axel Mühlhaus
Dr. Sönke Knop
Edicto GmbH
Eschersheimer Landstr. 42
60322 Frankfurt a.M.

Phone: +49 (069) 90550550
Fax: +49 (069) 90550577

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