First Half of 2016: Sartorius Stedim Biotech Continues Strong Performance
25 Luglio 2016 - 6:59AM
Business Wire
Regulatory News:
Sartorius Stedim Biotech (Paris:DIM)
€ in millions unless otherwise specified 1st half 2016
1st half 2015 Growth in % Growth in % const.
fx Sales revenue 508.8 422.0 20.6 22.3
EMEA1 231.5 192.5 20.3 21.5 Americas1
187.9 149.3 25.9 27.3 Asia | Pacific1
89.3 80.3 11.3 14.8 Order intake
558.8 467.4 19.6 21.6 EBITDA2 136.4
106.5 28.0 EBITDA margin2 in %
26.8 25.2 Net profit3
83.5 62.9 32.6 Earnings per share3 in €
0.91 0.684 32.6
1 According to customers’ location
2 Underlying EBITDA = earnings before interest, taxes,
depreciation and amortization, and adjusted for extraordinary
items
3 Underlying net profit = net profit after non-controlling
interest; adjusted for extraordinary items, non-cash amortization
and based on a normalized financial result and tax rate; 4 Adjusted
for stock split
Double-digit top-line growth
Within a continued dynamic market environment, Sartorius Stedim
Biotech (SSB), a leading supplier for the biopharma industry,
reported a strong first half 2016, with sales revenues up 22.3%.
Besides a very dynamic organic performance, the acquired businesses
of BioOutsource and Cellca, consolidated since April respectively
July 2015, contributed approx. 3 percentage points of
non-organic growth. Expansion was driven by high demand across the
entire portfolio. Regionally, the Americas led growth, posting a
gain of 27.3%, while EMEA and Asia also grew by significant double
digits. Order intake exceeded expectations in particular due to
some larger equipment orders.
Profits on the rise
Driven by economies of scale, SSB’s earnings increased
overproportionately. Underlying EBITDA rose by 28.0% to 136.4
million euros; the corresponding margin reached 26.8%. Underlying
earnings per share were 0.91 euro, up year over year from 0.68
euro.
Comfortable financial position
The financial position of SSB has remained strong and stable as
reflected by an equity ratio of 59.2% and a ratio of net debt to
underlying EBITDA of 0.4. Net debt at the end of the first six
months was 108.6 million euros.
Outlook for 2016 raised
Based on the strong first-half business performance, some larger
equipment orders and the positive overall business outlook,
management has upgraded its forecast for the full year of 2016.
Sales revenues are now expected to increase by about 17% to 20% in
constant currencies (prev. guidance: about. 12% to 16%). The
underlying EBITDA margin is projected to rise about
1.5 percentage points in constant currencies compared with the
prior-year figure of 26.2% (prev. guidance: plus about
1 percentage point).
This press release contains statements about the future
development of the Sartorius Stedim Biotech Group. We cannot
guarantee that the content of these statements will actually apply
because these statements are based upon assumptions and estimates
that harbor certain risks and uncertainties.
Conference call
Joachim Kreuzburg, CEO and Chairman of the Board of the
Sartorius Stedim Biotech Group, will discuss the company’s results
with analysts and investors on Monday, July 25, 2016, at 3:30 p.m.
Central European Time (CET), in a teleconference. You may dial into
the teleconference starting at 3:20 p.m. CET at the following
numbers:
Germany: +49(0)69 2222 10641
France: +33(0)1 76 77 22 38
UK: +44(0)20 3427 1934
USA: +1 646 254 3376
The dial-in code is: 5849821
To view the presentation, log onto: www.sartorius-stedim.com
A profile of Sartorius Stedim Biotech
Sartorius Stedim Biotech is a leading international supplier of
products and services that enable the biopharmaceutical industry to
develop and manufacture drugs safely and efficiently. As a total
solutions provider, Sartorius Stedim Biotech offers a portfolio
covering nearly all steps of biopharmaceutical manufacture. The
company focuses on single-use technologies and value-added services
to meet the rapidly changing technology requirements of the
industry it serves. Headquartered in Aubagne, France, Sartorius
Stedim Biotech is quoted on the Eurolist of Euronext Paris. With
its own manufacturing and R&D sites in Europe, North America
and Asia and an international network of sales companies, Sartorius
Stedim Biotech has a global reach. In 2015, the company employed
approx. 4,200 people, and earned sales revenue of 884.3 million
euros.
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version on businesswire.com: http://www.businesswire.com/news/home/20160724005064/en/
Sartorius:Petra Kirchhoff, +49(0)551.308.1686Vice
President of Corporate
Communicationspetra.kirchhoff@sartorius.com
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