First-Quarter Figures: Sartorius Stedim Biotech off to a Dynamic Start into 2016
April 19 2016 - 11:59PM
Business Wire
Regulatory News:
Sartorius Stedim Biotech (Paris:DIM):
€ in millions 3 months 3 months Growth in %
Growth unless otherwise 2016 2015 in % specified Unaudited
const. fx figures
Order intake 274.1 224.1 22.3
23.0 Sales revenue 245.8 204.4 20.2
20.9 EMEA1 114.1 97.3 17.2 18.0
Americas1 91.0 70.2 29.7 29.3 Asia |
Pacific1 40.7 36.9 10.1 12.8 EBITDA2
64.6 50.8 27.2 EBITDA margin2 in
% 26.3 24.8 Net profit3
39.4 29.6 33.0 Earnings per
share3 in € 2.57 1.93 32.9
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
Strong double-digit topline growth
Within a continued dynamic market environment, Sartorius Stedim
Biotech (SSB), a leading supplier for the biopharma industry,
reported a strong first quarter 2016, with sales revenue up 20.9%.
Besides strong operating performance, this high growth rate was
positively impacted by first-time consolidation of the recent
acquisitions of BioOutsource (April 2015) and Cellca (July 2015),
which contributed a good 3 percentage points to growth, and
also by the relatively easy comparables from the prior-year
quarter. Expansion was driven by high demand across the entire
portfolio, especially for single-use products. Regionally, the
Americas led growth, posting a gain of nearly 30%, while EMEA and
Asia also grew by double digits.
Profits on the rise
Mainly driven by economies of scale, SSB’s earnings increased
overproportionately. Underlying EBITDA soared 27.2% to 64.6 million
euros; the corresponding margin reached 26.3%. Underlying earnings
per share were 2.57 euros, up year over year from 1.93 euros.
Strong financial position
The financial position of SSB strengthened even further as
reflected by an equity ratio of 60.9% and a ratio of net debt to
underlying EBITDA of 0.3. Net debt at the end of the first quarter
was 76.3 million euros.
Positive outlook for 2016
Based on the strong results of the first three months,
management confirms its forecast for the full year of 2016. Sales
revenue is expected to increase by about 12% to 16% in constant
currencies. The underlying EBITDA margin is projected to rise
approx. one percentage point in constant currencies compared with
the prior-year figure of 26.2%.
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 Wednesday, April 20, 2016, at 4:00
p.m. Central European Time (CET), in a teleconference. You may dial
into the teleconference starting at 3:50 p.m. CET at the following
numbers:
Germany: +49(0)69 2222 10642France: +33(0)1 76 77 22 41UK:
+44(0)20 3427 1933USA: +1 646 254 3372
The dial-in code is: 4277136To 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 a global network of sales companies, Sartorius Stedim
Biotech has a global reach. The company employs approx. 4,200
people, and in 2015 earned sales revenue of 884.3 million
euros.
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version on businesswire.com: http://www.businesswire.com/news/home/20160419006919/en/
Sartorius Stedim BiotechPetra Kirchhoff,
+49(0)551.308.1686Vice President of Corporate
Communicationspetra.kirchhoff@sartorius.com
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