The total number of samples stored for the whole of 2009 increased by 11% to 27,900 and the group now stores in total over 120,000 samples.

In Q4 2009, 1300 customers opted to take up the group's additional service to store stem cells from the umbilical cord itself, as well as from the cord blood, bringing the total number of cord samples to 3800.

The group expects to publish its results for the year to the end of December during the week commencing 22 March.

Chief executive Marc Waeterschoot said: "Despite difficult economic circumstances, the group's double digit year on year growth for 2009 is very positive, and has been driven by the significant growth we have seen in Spain, Italy, Serbia and India.

"With our leading international position, the further roll out of the umbilical cord service, combined with our profitability and healthy cash position, we are confident of maintaining our momentum in 2010."

Story provided by Business Financial Newswire