Biotest AG: Biotest increases EBIT significantly
News: Biotest AG / Key word(s): Half Year Results
Biotest increases EBIT significantly - Strong EBIT increase to EUR 18.2 million vs. EUR 2.3 million - Increase of revenue by 6.4% to EUR 306 million - Operating Cash flow increased to EUR 50 million
Despite higher expenses for the development of new products and the expansion of the production facility within the "Biotest Next Level" project in the amount of EUR 17 million, the EBIT increased considerably from EUR 2.3 million to EUR 18.2 million. A higher gross profit, a better utilization of the US facility and significantly reduced expenses for the monoclonal antibodies were the main drivers for the EBIT increase. The operating cash flow increased by 59.0% to EUR 49.6 million vs. EUR 31.2 million in the previous year period. This resulted in earnings before taxes (EBT) of EUR 13.9 million for the Biotest Group compared to EUR 2.1 million in the same period of the previous year. Earnings after taxes (EAT) amounted to EUR 7.7 million (same period of the previous year: EUR -2.2 million). Earnings per share thus increased from EUR -0.05 to EUR +0.19 in the period under review. Outlook: The half-year report can be downloaded from Biotest's website: http://www.biotest.de/ww/en/pub/investor_relations/publications/quarterly_reports.cfm About Biotest PR contact Biotest AG, Landsteinerstr. 5, 63303 Dreieich, www.biotest.de Ordinary shares: securities' ID No. 522720; ISIN DE0005227201 Disclaimer This document contains forward-looking statements on overall economic development as well as on the business, earnings, financial and assets position of Biotest AG and its subsidiaries. These statements are based on current plans, estimates, forecasts and expectations of the company and are thus subject to risks and elements of uncertainty that could result in significant deviation of actual developments from expected developments. The forward-looking statements are only valid at the time of publication. Biotest does not intend to update the forward-looking statements and assumes no obligation to do so. 2016-08-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English | |
Company: | Biotest AG | |
Landsteinerstraße 5 | ||
63303 Dreieich | ||
Germany | ||
Phone: | 0 61 03 - 8 01-0 | |
Fax: | 0 61 03 - 8 01-150 | |
E-mail: | investor_relations@biotest.de | |
Internet: | http://www.biotest.de | |
ISIN: | DE0005227235, DE0005227201 | |
WKN: | 522723, 522720 | |
Indices: | SDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange | |
End of News | DGAP News Service |