23.04.2015
Vita 34 AG DE000A0BL849
DGAP-News: Vita 34 AG: Q1 2015 Confirms Expectations for the Current Year
DGAP-News: Vita 34 AG / Key word(s): Quarter Results
Vita 34 AG: Q1 2015 Confirms Expectations for the Current Year
23.04.2015 / 07:31
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Vita 34 AG: Q1 2015 Confirms Expectations for the Current Year
- Total operating revenue of EUR 3.4 million achieved
- EBITDA margin continues to be strong at nearly 20 percent
- Expansion of geographic market presence in Europe further advanced
Leipzig, 23 April 2015 - Vita 34 AG (WKN A0BL84), a pioneer in the storage
of stem cells from umbilical cord blood and tissue, and a specialist in
cryo-preservation, published its financial figures for the first three
months of fiscal year 2015 today. Business in Q1 was in line with
expectations for the full year 2015.
In the first three months of 2015 total operating revenue was EUR 3.4
million (Q1 2014: EUR 3.5 million). Sales revenue was EUR 3.1 million (Q1
2014: EUR 3.2 million). According to business segment some EUR 3.0 million
was attributable to the Stem Cell Banking segment (Q1 2014: EUR 3.1
million) and approximately EUR 0.1 million to the Biotechnology business
segment (Q1 2014: EUR 0.1 million). The number of newly stored stem cell
units from umbilical cord blood and tissue was 1,766 new units (Q1 2014:
1,659 new units). Increasingly, customers selected the, in the German
market unique, product VitaPlusCord during the reporting period. Vita 34
intends to increase revenues per customer in the future with the combined
storage of umbilical cord blood and tissue.
At the same time, Vita 34 was successful in increasing profitability as
compared with the previous year. Earnings before interest, taxes,
depreciation and amortization (EBITDA) of EUR 0.6 million were at the prior
year's level (Q1 2014: EUR 0.6 million). Measured on revenues Vita 34
earned an EBITDA margin of 19.9 percent (Q1 2014: 18.3 percent). The
earnings before interest and taxes (EBIT) of EUR 0.3 million were stable
(Q1 2014: EUR 0.3 million). In the reporting period 2015 the period result
was EUR 0.2 million (Q1 2014: EUR 0.2 million). This results in a profit
per share of EUR 0.09 in Q1 2015 based on an average number of issued
shares of 3,026,500, (Q1 2014: EUR 0.07). This is equivalent to an increase
of 28.6 percent as compared with the prior year.
Dr. André Gerth, CEO of Vita 34 AG, commented: "With an altogether stable
development of business, the beginning of fiscal year 2015 is in line with
our expectations for the current year as a whole. We are very satisfied
that we have been able to continue the successes of fiscal year 2014
seamlessly, and have already achieved important, strategic milestones. As
the undisputed market leader in the German-speaking countries with a total
of some 125,000 stem cell units, we consider ourselves well positioned to
shape the development of Vita 34 positively and sustainable in the long
term."
During Q1 2015, internationalization was the focal point of activities at
Vita 34. The VITA 34 Slovakia, s.r.o. subsidiary received the required
approval from the responsible authorities in Slovakia for the collection,
distribution and export of umbilical cord blood. Based on this permit, VITA
34 Slovakia began operative business during the reporting period. Thus,
Vita 34 will gain additional market share in Europe.
Thanks to a cooperation agreement with the Baltic stem cell bank AS
"Imunolita," the company's position as one of the largest private umbilical
cord blood banks in Europe has been strengthened. With this market entry
into Lithuania, Estonia and Latvia, Vita 34 is active in 20 countries
besides Germany, in Europe as well as globally.
Effective January 2, 2015 Vita 34 acquired the assets of the Austrian
market leader for umbilical cord blood storage, Vivocell Biosolutions GmbH
& Co KG, Graz, thus further expanding its leading market position in the
German-speaking region.
The complete interim report for the first three months of 2015 is available
for download as of today on the website at www.vita34group.com 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 and cord tissue. 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. Some 125,000 families are already taking
advantage of this offering and have provided for their children with a stem
cell unit at Vita 34.
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23.04.2015 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.
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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
End of News DGAP News-Service
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