Sartorius Stedim Biotech S.A.: Preliminary Results for 2016
30 Janvier 2017 - 6:59AM
Business Wire
2016 targets fully achieved; strong outlook for 2017
Regulatory News:
Sartorius Stedim Biotech S.A. (Paris:DIM):
€ in
millions unless otherwise specified
Unaudited figures
2016 2015 Growth in %
Growthin %const. fx
Sales revenue
1,051.6 884.3 18.9
20.4 EMEA1
454.4 397.2 14.4 16.5
Americas1
387.8 323.5 19.9 21.0
Asia | Pacific1
209.5 163.7 28.0
29.0 Order intake
1,080.8 946.4 14.2
15.6 EBITDA2
288.7 231.3 24.8
EBITDA margin2 in %
27.5 26.2
Net profit3
176.6
139.3 26.8 Earnings per share3,4 in €
1.92 1.51 26.8
1 According to customers’ location2 Underlying EBITDA = earnings
before interest, taxes, depreciation and amortization, 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 rate4 FY 2015 adjusted for stock split; rounded
values
Double-digit growth across the entire portfolio and all
regions
Sartorius Stedim Biotech (SSB), a leading supplier for the
biopharma industry, successfully closed fiscal 2016 with new highs
in revenue and earnings. Based on strong demand across the entire
portfolio, sales revenue increased by around 20%, thus reaching the
upper end of expectations. Acquisitions contributed approx. 2
percentage points of non-organic growth. Regionally, Asia posted
the highest growth, partly driven by strong equipment business.
Also in the Americas, SSB grew at double-digit rates, continuing to
gain market share.
Profits on the rise
Driven by economies of scale, SSB’s underlying EBITDA increased
by nearly one fourth to 288.7 million euros. In line with
expectations, the corresponding margin rose from 26.2% to 27.5%.
Underlying earnings per share were 1.92 euros, up year over year
from 1.51 euros.
Comfortable financial position
Reflected by an equity ratio of 63.9% and a ratio of net debt to
underlying EBITDA of 0.2, SSB’s financial position has remained
very strong. Net debt at the end of the fiscal year 2016 stood at
67.6 million euros.
Strong outlook for 2017
Business expansion is expected to continue throughout 2017.
Specifically, management forecasts that sales revenue will increase
by about 8% to 12% and the underlying EBITDA margin will rise by
approx. 0.5 percentage points over the prior-year figure of 27.5%,
both figures given in constant currencies. To support growth, SSB
is accelerating the expansion of its major production sites and is
planning investments of around 10% to 13% of sales in the current
year.
All figures given above are subject to a final audit by
statutory auditors.
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, January 30, 2017, at 3:30
p.m. Central European Time (CET), in a teleconference. You may
register to the teleconference at:
http://services.choruscall.de/DiamondPassRegistration/register?confirmationNumber=2697626&linkSecurityString=8e23a7c8.
Alternatively, you can dial into the teleconference without
registration 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 1.051,6 million
euros according to preliminary figures.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170129005046/en/
Sartorius Stedim Biotech S.A.Petra Kirchhoff,
+49(0)551.308.1686Vice President of Corporate
Communicationspetra.kirchhoff@sartorius.com
WisdomTree International... (AMEX:DIM)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
WisdomTree International... (AMEX:DIM)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025