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Successful First Half of 2011: Sartorius Raises Full-year Guidance

Germany July 25, 2011

  • 353.7 Million Euros
  • 51.1 Million Euros
  • Management Raises Full-Year Guidance for Sales Revenue and Profit

Joachim Kreuzburg

Based on the company’s successful first half, management raised its 2011 full-year guidance for sales revenue and profit. Consolidated sales revenue is thus expected to grow on the basis of constant currencies from 6.4% in 2010 to between 8% and 10% (former guidance: 6% to 8%). The operating margin is forecasted to increase from 13.0% in 2010 to between 14.5% and 15.5% (former guidance: around 14%).

Development of Order Intake and Sales Revenue

382.3 million euros 353.7 million euros

257.2 million euros 229.4 million euros 125.1 million euros 124.3 million euros

Asia/Pacific 80.1 million euros Asia/Pacific Europe North America

North America

Earnings Development

51.1 million euros

38.6 million euros 4.8 million euros to 12.4 million euros

24.0 million euros 15.9 million euros 3.8 million euros 3.5 million euros 1.41 euros 0.93 euro

"In the first half, we again overproportionately increased our earnings. What is especially encouraging is the strong gain in profitability reported by the Mechatronics Division. This development underscores the good market positioning and successful business model of both divisions. Based on our excellent first-half results, we have raised our forecasts for sales revenue and earnings for both divisions and, therefore, for the entire Group," commented Dr. Kreuzburg.

– – –

* Earnings before interest, taxes and amortization and adjusted for extraordinary expenses = underlying EBITA

Outlook

According to its guidance now raised, Sartorius expects 2011 full-year sales for both divisions, and thus for the entire Group, to grow 8% to 10% in constant currencies (former guidance: 6% to 8%). At the same time, it projects that the increase in profitability will be stronger. The operating EBITA margin at Group level is forecasted to rise to 14.5% to 15.5% (former guidance: around 14%). The Biotechnology Division is expected to contribute an operating margin of approximately 17% to 18% (former guidance: around 17%) and the Mechatronics Division a margin of around 10% to 11% (former guidance: about 8%) to this result. Furthermore, management continues to anticipate that operating cash flow will be significantly positive.

Key Figures at a Glance

     EUR in millions     (unless     otherwise                            Biotechnology       Mechatronics     specified)       Sartorius Group        Division           Division                       1st   1st          1st   1st          1st   1st                     half  half  Change half  half  Change half  half  Change                      of    of           of    of           of    of                     2011  2010   in %  2011  2010   in %  2011  2010   in %      Order intake    382.3 336.4  13.6  257.2 221.4  16.2  125.1 115.1    8.7     Sales revenue   353.7 315.2  12.2  229.4 209.1   9.7  124.3 106.1   17.2     EBITA 1)         51.1  36.3  40.7   38.6  31.5  22.8   12.4   4.8  157.5     EBITA margin 1)  14.4% 11.5%        16.8% 15.0%        10.0%  4.5%     Extraordinary     expenses/income   6.7   1.9          2.9   0.5          3.7   1.4     Net profit 1)2)  24.0  15.9  50.6     Earnings per     share     in EUR 1)2)      1.41  0.93  50.6 

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Current Image Files :

Joachim Kreuzburg

http://www.sartorius.com/media/content/press/support/Kreuzburg_2011.jpg

Sartorius | Biotechnology Division (Sartorius Stedim Biotech):

http://www.sartorius.com/media/content/press/support/Sartoflow_2011.jpg

Sartorius | Mechatronics Division:

http://www.sartorius.com/media/content/press/support/Laboratory_2011.jpg

Conference Call and Webcast:

Joachim Kreuzburg July 25, 2011 4:00 p.m. 3:45 p.m. CET

Germany
France

USA

http://www.sartorius.com

Upcoming Financial Date:

October 2011 September 2011

This press release contains statements about the future development of the Sartorius Group. The content of these statements cannot be guaranteed as they are based on assumptions and estimates that harbor certain risks and uncertainties.

This is a translation of the original German-language press release. Sartorius shall not assume any liability for the correctness of this translation. The original German press release is the legally binding version. Furthermore, Sartorius reserves the right not to be responsible for the topicality, correctness, completeness or quality of the information provided. Liability claims regarding damage caused by the use of any information provided, including any kind of information which is incomplete or incorrect, will therefore be rejected.

A Profile of Sartorius

659.3 million euros Europe Asia

__________________________________________________________________________________________

Petra Kirchhoff, Vice President of Group Corporate Communications
Sartorius Corporate Administration GmbH; 37070 Goettingen , Germany

[email protected] http://www.sartorius.com

SOURCE Sartorius AG

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