Perth-based health care company ATOS Wellness Ltd is keen to secure a second European centre following the success of its Vienna site where revenue of over $325,000 was returned over the June quarter.
In an announcement the company said it had completed its first quarter market evaluation of its first European wellness centre in Vienna, which has a separate distribution office at
Bad Voslau, outside Vienna.
The centre is immediately cash flow positive and revenue over €200,000 in the first quarter.
ATOS Wellness Vienna is the first inroad into Europe and houses qualified wellbeing practitioners from the region. It is a 100 per cent subsidiary of ATOS Wellness Ltd through its Singapore subsidiary ATOS Wellness Pte Ltd.
The evaluation over April to June 2008 focused on the popular Singapore range of skincare products like Golden Rose which uses gold to help reduce fine lines and wrinkles.
Chief executive Ananda Rajah said, "with an immediate cash flow positive operation we know our model is solid. This result makes us eager to soon secure a second European site."
"The wellness industry in Europe has evolved over the last few years; it's no longer just luxurious pampering facilities but also relies on wellbeing diagnostics to assess health and diet," added Mr Ananda.
"We are strongly positioned as a global business for the future. We run 13 wellness centres, weight management and spas in Australia, Singapore, Malaysia, India, Germany and Austria. Our present operations command revenues of over $20 million per annum. We plan to roll-out new wellness centres across Europe and Australia which will combine ATOS Wellness treatments with our newly acquired Medec therapy and diagnostic devices."
