The rapid growth in the adoption of SomnoMed’s sleep apnea products in Europe as well as completion of its U.S. medical initiative are expected to help drive earnings growth in the 2015 financial year. EBITA is forecast at $2 million to $4 million on revenues of $32.5 million. Shares are expected to move higher today.
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News: SomnoMed marks seventh year of growth, forecasts higher earnings
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