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2016-05-12

Vigmed: Interim Management Report Vigmed Holding AB (publ) January 1 - March 31, 2016

Sales of the first quarter were the best so far for Vigmed. Sales were
up 34 percent compared to the first quarter of 2015.

Efforts to reduce the Group's cost base and focus on cost management
have resulted in significantly reduced costs in the first quarter.

During the first quarter Vigmed, together with its distributors, won
smaller tenders in several countries and started participating in a
couple of major tender processes with expected completion during the
second half of the year.

· Net sales for the first quarter amounted to SEK 2,039 thousand
(SEK 1,523 thousand in the first quarter of 2015).
· Operating result in the first quarter for the Group amounted to
SEK -7.0 million (SEK -9.1 million).
· Net income per weighted number of shares for the first quarter
amounted to SEK -0.12 (SEK -0.21).

· Cash flow from operating activities during the first quarter
amounted to

SEK -10.8 million (SEK -18.8 million).
· Cash flow from investing activities during the first quarter
amounted to

SEK -1.4 million (SEK -2.4 million).
For further information contact:

Chairman of the Board, Lennart Holm +46 70 630 8562 or CEO, Henrik
Olsen +46 76 349 7364

Vigmed is a Swedish medical technology company whose mission is to
eliminate needlestick injuries and the associated risk of cross
infections with blood-borne infectious diseases by offering the
market unique needle-protected products. Vigmed is headquartered in
Helsingborg, Sweden. Vigmed's share is traded on NASDAQ OMX First
North in Stockholm (ticker VIG) and has approximately 5 600
shareholders. Remium Nordic AB is the Company's Certified Advisor.
Additional information about the company can be found on Vigmed's
website: www.vigmed.com/investor

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http://news.cision.com/vigmed/r/interim-management-report-vigmed-holding...
http://mb.cision.com/Main/5831/2007894/515058.pdf
http://mb.cision.com/Public/5831/2007894/b55c3a76a4687ede.pdf

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