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Mindray Announces 2009 Fourth Quarter and Full Year Results
Date:3/1/2010

ts its capital expenditure for 2010 to be in the range of $60 million to $70 million.

The company's practice is to provide guidance on a full year basis only. This forecast reflects Mindray's current and preliminary views, which are subject to change.

"In the quarter just ended, we saw continued sales recovery in most of the markets in which we compete. We are particularly encouraged that growth in emerging markets accelerated and developed markets continued to stabilize," commented Li Xiting, Mindray's president and co-chief executive officer. "Heading into 2010, the overall market environment continues to improve. Although there are still lingering uncertainties in some markets, we are optimistic about the rebound in emerging markets, possible finalization of the U.S. healthcare reform package, and continued robust investment and spending in the Chinese healthcare sector. We will strive to achieve another year of operational excellence through continually investing in our international sales and marketing infrastructure, both in key emerging markets and developed markets. We also look to drive synergies between different operational units and geographies, and invest in R&D to introduce new features and more advanced applications across three product lines."

Conference Call Information


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