Tous Actualités
Suivre
Abonner Sartorius AG

Sartorius AG

euro adhoc: Sartorius AG
quarterly or semiannual financial statement
Order intake (pro forma) rose 8.6%; currency-adjusted: +11.4% | Sales revenue (pro forma): +3.1%; currency-adjusted: +5.5% | EBITA margin (pro forma excluding extraordinary expenses

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Figures for the First Half of 2007
13.08.2007
On June 29, 2007, Sartorius AG acquired a controlling stake in 
French-based Stedim S.A., and combined this company with its 
Biotechnology Division into a separate subgroup. Sartorius AG holds 
69.8% of the shares in this subgroup so that the latter will be fully
consolidated in the Sartorius Group as of the first-half 2007 
financial statements. Therefore, for better comparability, we 
additionally disclose for order intake, sales revenue and earnings 
pro forma figures, which include the Stedim business for the 
first-half 2007 and the year-earlier period.
In the first half of 2007, the Sartorius Group received pro forma 
orders valued at EUR331.6 million euros (1st half 2006: EUR305.4 mn).
This corresponds to a gain of 8.6% (currency-adjusted: 11.4%). 
Reporting a pro forma increase of 10.1% (currency-adjusted: 13.1%) to
EUR198.3 million (EUR180.1 mn), the Biotechnology Division achieved 
double-digit growth in order intake. The Mechatronics Division 
generated an order intake of EUR133.3 million (EUR125.3 mn), which 
translates to an increase of 6.4% (currency-adjusted: 8.9%). Actual 
order intake of the Sartorius Group at EUR287.3 million (EUR261.3) is
up 9.9% (currency-adjusted: 12.4%) over the year-earlier figure.
Pro forma sales revenue of the Sartorius Group rose in the first half
of 2007 by 3.1% (currency-adjusted: 5.5%) to EUR312.2 million euros 
(1st half 2006: EUR302.9 mn). For the Biotechnology Division, we 
reported a pro forma increase of 2.7% (currency-adjusted: 5.3%) to 
EUR186.6 million (EUR181.7 mn) and for the Mechatronics Division, a 
gain of 3.7% (currency-adjusted: 5.9%) to EUR125.6 million (EUR121.2 
mn). Actual consolidated sales revenue climbed 3.5% 
(currency-adjusted: 5.6%) to EUR266.1 million (EUR257.1 mn).
On a pro forma basis, EBITA adjusted for extraordinary expenses was 
EUR29.9 million (1st half 2006: EUR29.5 mn) for the reporting period 
and thus corresponded to a nearly unchanged EBITA margin of 9.6% 
(9.7%). The Biotechnology Division contributed EUR21.3 million 
(EUR22.3 mn) on a pro forma basis and the Mechatronics Division 
EUR8.6 million (EUR7.2 mn) to these earnings. In the first half of 
2007, extraordinary expenses totaling EUR3.2 million were incurred 
that concern only the Biotechnology Division. The actual EBITA of the
Sartorius Group was EUR24.4 million (EUR22.0 mn).
Based on the strong order intake development in the 1st half 2007 and
the further business expectations, we confirm our 2007 pro forma 
forecast for operating sales revenue. However, due to the unfavorable
development of the exchange rates during the last months, we have 
adjusted our pro forma sales forecast in the reporting currency to 
EUR650-EUR670 million (previously EUR660-EUR680 mn). For the 
Biotechnology Division, we expect to generate pro forma sales revenue
of EUR390-410 million and, for the Mechatronics Division, 
approximately EUR260 million. On the basis of these sales revenue 
expectations, we are continuing to pursue our unchanged target of 
achieving a pro forma EBITA margin of about 12%, excluding 
extraordinary expenses. For the Biotechnology Division, we anticipate
that the pro forma EBITA margin will be around 14%, excluding 
extraordinary expenses; for the Mechatronics Division, we assume that
this will be roughly 9%. We expect that the full-year 2007 
extraordinary expenses resulting from the transaction and integration
expenditures within the Biotechnology Division will total approx. 
EUR10 million.
Relative to December 31, 2006, the Sartorius Group´s balance sheet 
total rose EUR388.0 million to EUR765.3 million; this was essentially
due to the Stedim transaction. After the Stedim transaction was 
closed, equity ratio of the Sartorius Group was 42.2% (Dec. 31, 2006:
44.8%).
end of announcement                               euro adhoc 13.08.2007 10:09:05

Further inquiry note:

Andreas Wiederhold
Treasury & Investor Relations
Telefon: +49 (0)551 308-1668
E-Mail: andreas.wiederhold@sartorius.com

Branche: Biotechnology
ISIN: DE0007165607
WKN: 716560
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Hannover / official dealing

Plus de actualités: Sartorius AG
Plus de actualités: Sartorius AG