01.02.2017
Vita 34 AG DE000A0BL849
DGAP-News: Vita 34 AG increased its turnover in 2016 by 14 per cent in comparison to the previous year
DGAP-News: Vita 34 AG / Key word(s): Final Results/Preliminary Results
Vita 34 AG increased its turnover in 2016 by 14 per cent in comparison to
the previous year
01.02.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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Vita 34 AG increased its turnover in 2016 by 14 per cent in comparison to
the previous year
Leipzig, February 01st 2017 - Vita 34 AG (WKN A0BL84), a pioneer in the
field of the storage of stem cells from umbilical cord blood and tissue and
a specialist in cryopreservation increased its turnover in the commercial
year 2016 when compared to the previous year. The expected EBITDA margin
exceeds the forecast for the commercial year 2016.
According to preliminary unaudited figures sales revenues increased in 2016
to a total of 16.2 million Euros from the 14.2 million Euros achieved in
the commercial year 2015. This corresponds to a growth in turnover of
approximately 14 per cent. This development is essentially to be attributed
to the increased number of newly stored stem cell deposits from umbilical
cord blood and tissue as a result of the acquisitions and geographical
expansion that took place in 2015.
"We have completed the integration of the companies acquired in 2015 to a
large extent and laid important foundations for the future in the
commercial year 2016," comments Dr. André Gerth, Chairman of the Board of
Management of Vita 34 AG. "The key to the positive business development
lies in the systematic realisation of our growth strategy. The takeover of
the Danish company Stemcare means that we have succeeded in gaining entry
to the Scandinavian market. We furthermore reached important milestones in
the commercial year 2016 in the shape of the expansion of our cooperation
with partners in other countries and the product launch of Vita Meins&Deins
(Vita Mine and Yours)."
The expected result based on preliminary unaudited figures will be at the
upper end of the forecast range or slightly above it.
The complete annual report for 2016 will be available for download as of
March 30th 2017 on our company website at www.vita34group.de in the
"Investor Relations" section.
Company Profile
Vita 34 was founded in 1997 as the first private umbilical cord blood bank
in Europe and, as a complete provider, offers collection logistics,
preparation and storage of umbilical cord blood. The basis for its
successful work is an outstanding position in the technological segment of
cryo-preservation. Here, cells and tissue are preserved alive at some
-190ºC for long periods of time, and can be used if needed in the context
of medical treatment. More than 150,000 customers are already taking
advantage of this offering and have provided for their children with a stem
cell deposit at Vita 34.
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01.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Vita 34 AG
Deutscher Platz 5a
04103 Leipzig
Germany
Phone: +49(0341)48792-40
Fax: +49(0341)48792-39
E-mail: [email protected]
Internet: www.vita34.de
ISIN: DE000A0BL849
WKN: A0BL84
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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