STRATEC Biomedical Systems AG / Final Results/Preliminary Results 04.03.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- STRATEC posts further record earnings for 2007 financial year - Consolidated net income rises by 28.6% to Euro 9.956 million - Sales of Euro 67.527 million match high level reported in previous year - Earnings before taxes (EBT) reach Euro 14.463 million Birkenfeld, March 4, 2008 The Board of Management of STRATEC Biomedical Systems AG, which is listed in the Prime Standard, hereby announces the preliminary unaudited consolidated figures of the STRATEC Group for the 2007 financial year pursuant to IFRS (International Financial Reporting Standards) and in accordance with Section 15 of the German Securities Trading Act (WpHG).<pre> Key Figures (EUR 000s) 2007 2006 Change Sales 67,527 68,414 - 1.3% Gross performance 69,680 69,233 + 0.7% EBITDA 16,514 12,655 + 30.5% EBIT 14,244 10,839 + 31.4% EBT 14,463 10,793 + 34.0% Consolidated net income 9,956 7,741 + 28.6% Earnings per share (EUR) 0.88 0.70 + 25.7%</pre> Including personnel assigned by an employment agency, the STRATEC Group had a total of 270 employees as of December 31, 2007 (previous year: 246). --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: With these preliminary unaudited consolidated figures for the 2007 financial year, namely sales of Euro 67.5 million and earnings before taxes (EBT) of Euro 14.5 million, STRATEC has met its own expectations. The company most recently expected to be able to achieve sales at around the high level reported for the previous year (2006: Euro 68.4m) and earnings before taxes (EBT) of at least Euro 14.0 million (2006: Euro 10.8m). The calculation of the key figure 'earnings per share' for the 2007 financial year is based on a weighted number of shares amounting to 11,324,028. Efficiency enhancements, the ongoing high level of turnover with consumables and expendable parts, as well as continued improvements in the product portfolios in terms of margins, enabled the STRATEC Group to achieve disproportionate earnings growth compared with sales in the 2007 financial year. Revenues not affected by output volumes (sales not incurring costs) have contributed around Euro 0.5 million to the consolidated net income for the 2007 financial year as a whole. This has positively influenced the margin. The reduction in the effective tax rate at STRATEC AG from the 2008 financial year onwards compared with the 2007 financial year arising in connection with the 2008 corporate taxation reform led to deferred tax income of Euro 96k resulting from the depreciation of deferred tax liabilities. The performance of the company in the second half of the 2007 financial year was affected by the marketing launch of a serial analyzer system newly developed for one of our customers, which had initially been postponed and was then launched at the end of the fourth quarter of 2007, and by the decision taken by a further STRATEC customer to implement the planned market launch of the extension of its reagents portfolio only in part. The reagents portfolio referred to above has now been partly completed. The ramp-up phase is expected to be completed by the end of the second quarter of 2008. Notes on the forecast for 2008 onwards (already published and still valid): With sales still expected to rise to between Euro 78 million and Euro 82 million in the 2008 financial year, the company expects to achieve earnings before taxes (EBT) in a range of Euro 16.2 million to Euro 18.2 million. Sales continue to be related to serial analyzer systems originally developed for Bayer Diagnostics and now marketed by Siemens Healthcare Diagnostics. The business consolidation following the integration of Dade Behring into Siemens Healthcare Diagnostics is still impacting on decision-making processes. We have assessed the information at our disposal and factored this into our budgets. For subsequent years from 2009, the company also expects to generate average annual growth rates (CAGR) of more than 11% in the case of sales and of more than 18% in terms of earnings before taxes (EBT), thus achieving a level of growth more than double that expected for the overall market. The products currently in pre-development and development phases amongst others targeting 'molecular diagnostics', the fastest-growing market within diagnostics the partnerships established with our customers in this respect and the overall youth of our product portfolio show that STRATECs future growth can also be expected to benefit disproportionately from the outsourcing requirements and growth of the overall market. By maintaining its high level of investment in development work, STRATEC is securing its growth, innovative leadership and competitive advantage. The recently announced cooperation with QIAGEN Gaithersburg represents the first of the cooperation agreements expected to be concluded with partners in the fields of clinical diagnostics and biotechnology in 2008. Important dates in 2008: The detailed figures for the 2007 financial year will be explained in the Annual Press Conference Call on April 9, 2008. The 2007 Annual Report will be available for downloading from our company internet site from April 9, 2008. Among other items, the meeting of the Board of Management and the Supervisory Board held to approve the financial statements, which is expected to take place on March 31, 2008, will discuss the distribution of a dividend. Our Annual General Meeting for the 2007 financial year will be held in Pforzheim on May 21, 2008. About STRATEC STRATEC Biomedical Systems AG (http://www.stratec-biomedical.de) designs and manufactures fully automated analyzer systems for its partners in the fields of clinical diagnostics and biotechnology. These partners market such systems, in general together with their own reagents, to laboratories, blood banks and research institutes around the world. The company develops its products on the basis of its own patented technologies. Shares in the company (ISIN: DE0007289001) are traded in the Prime Standard segment of the Frankfurt Stock Exchange and on other exchanges. The STRATEC Group consists of the publicly listed parent company STRATEC Biomedical Systems AG and of subsidiaries and second-tier subsidiaries in Germany, the USA, the UK, Switzerland and Rumania. Further information can be obtained from: STRATEC Biomedical Systems AG André Loy, Investor Relations Gewerbestrasse 37 75217 Birkenfeld Germany Tel: +49 (0)7082 7916 190 Fax: +49 (0)7082 7916 999 E-mail: ir@stratec-biomedical.de DGAP 04.03.2008 --------------------------------------------------------------------------- Language: English Issuer: STRATEC Biomedical Systems AG Gewerbestraße 37 75217 Birkenfeld Deutschland Phone: +49 (0)7082 7916 0 Fax: +49 (0)7082 7916 999 E-mail: info@stratec-biomedical.de Internet: www.stratec-biomedical.de ISIN: DE0007289001 WKN: 728900 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: STRATEC posts further record earnings for 2007 financial year
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