Regulatory News:
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€ in millions
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1st half
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1st half
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Change in %
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Change in %
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|
|
|
|
2012
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|
2011
|
|
|
|
(in constant
|
|
|
|
|
|
|
|
|
|
|
currencies)
|
|
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Order intake
|
|
279.3
|
|
251.6
|
|
11.0
|
|
7.5
|
|
|
Sales revenue
|
|
272.6
|
|
229.6
|
|
18.7
|
|
15.0
|
|
|
- Europe1)
|
|
133.4
|
|
123.4
|
|
8.1
|
|
7.7
|
|
|
- North America1)
|
|
76.3
|
|
54.0
|
|
41.1
|
|
30.5
|
|
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- Asia | Pacific1)
|
|
53.2
|
|
43.6
|
|
22.0
|
|
16.8
|
|
|
- Other Markets1)
|
|
9.6
|
|
8.5
|
|
13.3
|
|
13.3
|
|
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EBITDA2)
|
|
57.1
|
|
46.9
|
|
21.8
|
|
|
|
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EBITDA margin2)
|
|
20.9%
|
|
20.4%
|
|
|
|
|
|
|
EBITA2)
|
|
48.8
|
|
38.6
|
|
26.3
|
|
|
|
|
EBITA margin2)
|
|
17.9%
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|
16.8%
|
|
|
|
|
|
|
Relevant net profit2)3)
|
|
31.2
|
|
24.7
|
|
26.6
|
|
|
|
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Earnings per share in €2)3)
|
|
2.04
|
|
1.61
|
|
26.6
|
|
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1) Acc. to customers' location
2) Underlying
3) Excluding amortization and fair value adjustments of
hedging instruments
The Sartorius Stedim Biotech Group (Paris:DIM) uses earnings before
interest, taxes and amortization (EBITA) as the key figure for measuring
the performance and profitability of the Group. Amortization refers only
to any potential amortization of goodwill and of the intangible assets
measured within the scope of purchase price allocation according to IFRS
3 "Business Combinations." The key indicator "underlying EBITA"
corresponds to the EBITA adjusted for non-operating items.
Dynamic Business Expansion
In the first half of 2012, Sartorius Stedim Biotech (SSB), a leading
supplier for the biopharmaceutical industry, achieved double-digit
growth in order intake and sales revenue. Single-use products,
especially filters and bags, contributed substantially to these results.
All regions reported strong gains in sales, with North America posting
the highest growth.
Profits Increase by One-Fourth
Sartorius Stedim Biotech further increased its strong profitability.
Underlying earnings jumped 26.3% from 38.6 million euros to 48.8 million
euros; the respective margin rose from 16.8% to 17.9%. Extraordinary
expenses amounted to 3.9 million euros. Underlying earnings per share
were at 2.04 euros, 26.6% up from 1.61 euros in the first half of 2011.
All Key Financial Indicators at Comfortable Levels
Reflected by an equity ratio of 53.4%, a gearing ratio of 0.4 and a
net-debt-to-underlying-EBITDA ratio of 1.3, the financial position of
the Sartorius Stedim Biotech Group has continued to remain strong.
Management Lifts Full-Year Guidance
Based on SSB’s strong first-half results, management considerably raises
its full-year targets for 2012. Sales revenue is now expected to grow by
around 10% (previous guidance: 6% to 8%) in constant currencies.
Provided that currency exchange rates remain favorable as in the first
half of 2012, underlying EBITA is projected to rise by around 15%
(previous guidance: 6% to 8%).
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
Wednesday, July 25, 2012, at 3:30 p.m. Central European Time (CET), in a
teleconference. You may dial into the teleconference starting at 3:15
p.m. CET at the following numbers:
Germany: +49 (0)69 3807 89637
France: +33 (0)1 70 48 01 63
UK:
+44(0)20 3106 7162
USA: +1646 254 3370
The dial-in code is: 4528852
To view the webcast or presentation, log onto: www.sartorius.com
A profile of Sartorius Stedim Biotech
Sartorius Stedim Biotech is a leading provider of cutting-edge equipment
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 enjoys a worldwide presence. Its key
manufacturing and R&D site is in Germany. The company employs approx.
2,850 people, and in 2011 earned sales revenue of 477.3 million euros.
