First Half of 2015: Sartorius Stedim Biotech Continues Dynamic Growth
July 21 2015 - 12:00AM
Business Wire
Regulatory News:
Sartorius Stedim Biotech S.A. (Paris:DIM):
€ in millions unlessotherwise
specified
1st half2015
1st half2014
Growthin %
Growthin % const. fx
Order intake 467.4 338.4 38.1 25.5
Sales revenue 422.0 324.1 30.2 18.7 EMEA1
192.5 162.7 18.3 16.0 The Americas1 149.3
97.9 52.6 26.2 Asia | Pacific1 80.3
63.6 26.1 14.0 EBITDA2 106.5 73.8 44.3
EBITDA margin2 in % 25.2 22.8
Net profit3 62.9 40.7 54.6
Earnings per share3 in € 4.10 2.65 54.6
1 According to customers’ location2 Underlying EBITDA = earnings
before interest, taxes, depreciation and amortization, and adjusted
for extraordinary items3 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
Strong double-digit topline growth
In the first half of 2015, Sartorius Stedim Biotech, a leading
supplier for the biopharmaceutical industry, continued on the
growth track: Driven by dynamic performance across the portfolio,
order intake and sales revenue were up in double digits. All
regions contributed to the strong gains in sales, with the Americas
in the lead.
Profits on the rise
Sartorius Stedim Biotech reported an overproportionate increase
in earnings, mainly driven by economies of scale and favorable
currency effects. Underlying EBITDA rose 44.3% to 106.5 million
euros; the corresponding margin reached 25.2%. Extraordinary
expenses totaled 1.5 million euros. Underlying earnings per share
were 4.10 euros, up year over year from 2.65 euros.
All key financial indicators at comfortable levels
The financial position of the Sartorius Stedim Biotech Group has
remained strong and stable as reflected by an equity ratio of 58.0%
and a ratio of net debt to underlying EBITDA of 0.6. Net debt at
the end of the first half year was 111.3 million euros.
Outlook for 2015 raised
Based on the strong results of the first six months and the two
recent acquisitions, management has upgraded its forecast for the
full year of 2015. Sales revenue in constant currencies is now
expected to increase approx. 15%, which includes approx. 1.5
percentage points from the acquisitions of BioOutsource and Cellca
(prev. guidance: approx. 7% to 10% without acquisitions). The
underlying EBITDA margin in constant currencies is forecasted to
reach around 25.0% to 25.5% (prev. guidance: around 24.5% to
25.0%).
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 and webcast
Joachim Kreuzburg, CEO and Chairman of the Board of the
Sartorius Stedim Biotech Group, will discuss the results with
analysts and investors on Tuesday, July 21, 2015, 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 10644France: +33(0)1 76 77 22 37UK:
+44(0)20 3427 1936USA: +1646 254 3374
The dial-in code is: 2380307
To view the webcast or presentation, log onto:
www.sartorius-stedim.com
A profile of Sartorius Stedim Biotech
Sartorius Stedim Biotech is a leading provider of cutting-edge
products and services for the development, quality assurance and
production processes of the biopharmaceutical industry. Its
integrated solutions covering fermentation, cell cultivation,
filtration, purification, fluid management and lab technologies are
supporting the biopharmaceutical industry around the world to
develop and produce drugs safely, timely and economically.
Sartorius Stedim Biotech focuses on single-use technologies and
value-added services to meet the rapidly changing technology
requirements of the industry it serves. Strongly rooted in the
scientific community and closely allied with customers and
technology partners, the company is dedicated to its philosophy of
“turning science into solutions.”
Headquartered in Aubagne, France, Sartorius Stedim Biotech is
listed on the Eurolist of Euronext Paris. With its own
manufacturing and R&D sites in Europe, North America and Asia
and a global network of sales companies, Sartorius Stedim Biotech
has a worldwide presence. Its key manufacturing and R&D site is
in Germany. The company employs approx. 3,700 people, and in 2014
earned sales revenue of 683.5 million euros.
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version on businesswire.com: http://www.businesswire.com/news/home/20150720006502/en/
Sartorius Corporate Administration GmbHPetra Kirchhoff,
+49(0)551.308.1686Vice President of Corporate Communications and
Investor RelationsFax: +49(0)551.308.3410E-mail:
petra.kirchhoff@sartorius.comwww.sartorius-stedim.com
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