Sartorius Stedim Biotech S.A.: 2017 First-Half Figures
July 21 2017 - 12:00AM
Business Wire
Solid growth at Sartorius Stedim Biotech; profits continue to
rise
Regulatory News:
Sartorius Stedim Biotech S.A. (Paris:DIM):
€ in millions unless otherwise specified
1st
half 2017 1st half 2016 Growth in %
Growth in % const. fx Sales revenue
546.7 508.8 7.5 6.7
EMEA1
233.2 231.5 0,7 2,0 Americas1
187.1 187.9 -0.4
-3.0 Asia | Pacific1
126.4 89.3 41.4 38.1 Order intake
583.0 558.8 4.3 3.5 EBITDA2
147.4 136.4 8.1
EBITDA margin2 in %
27.0 26.8 Net profit3
89.7 83.5 7.4 Earnings per share3 in €
0.97
0.91 7.4
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 and
non-cash amortization, as well as based on a normalized financial
result and tax rate
Robust top-line growth
Sartorius Stedim Biotech (SSB), a leading supplier for the
biopharma industry, recorded a robust increase in sales revenue of
7.5% in the first half of 2017. As expected, the market environment
returned to normal growth after two extraordinarily strong years.
While SSB’s growth rates for Europe and the Americas were
relatively low as they compare against an exceptionally high
prior-year base, business in Asia/Pacific excelled with a gain of
nearly 40% due to some large equipment projects.
As expected, limited delivery capacities for cell culture media
continued to impact business in the Americas in the second quarter;
yet the company assumes that this situation will normalize during
the third quarter. The acquisitions of the centrifuge specialist
kSep and the software company Umetrics contributed close to 1
percentage point to sales growth in the reporting period.
Profitability further enhanced
Driven by economies of scale, SSB’s underlying EBITDA increased
by 8.1% from 136.4 million euros to 147.4 million euros; the
respective margin rose from 26.8% to 27.0%. Underlying earnings per
share correspondingly increased from 0.91 euros to 0.97 euros.
Strong financial position
With an equity ratio of 59.9% and a ratio of net debt to
underlying EBITDA of 0.6, SSB’s financial position remained very
strong and stable. Net debt at the end of the first half stood at
166.9 million euros.
Full year 2017 guidance confirmed
Management confirmed its full-year forecast for 2017 which
projects sales revenue to increase by about 8% to 12% and the
underlying EBITDA margin to rise by approx. 0.5 percentage points
over the prior-year figure of 27.5%, with both forecasts given in
constant currencies.
SSB continues to project capital expenditures of around 10% to
13% of sales in the current year.
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 Friday, July 21, 2017, at 3:30 p.m.
Central European Time (CET), in a teleconference. You may register
for the teleconference at:
http://services.choruscall.de/DiamondPassRegistration/register?confirmationNumber=8963117&linkSecurityString=256e3090d
Alternatively, you can dial into the teleconference, without
registering, at:
+49 (0) 69 566 03 6000
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 2016, the company employed
approx. 4,700 people, and earned sales revenue of 1,052 million
euros.
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version on businesswire.com: http://www.businesswire.com/news/home/20170720005988/en/
ContactSartorius Stedim Biotech S.A.Petra Kirchhoff, Vice
President of Corporate CommunicationsPhone:
+49(0)551.308.1686petra.kirchhoff@sartorius.com
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