27.08.2020 Vita 34 AG  DE000A0BL849

DGAP-News: Business development of Vita 34 gains significant momentum again in the second quarter


 

DGAP-News: Vita 34 AG / Key word(s): Half Year Results
Business development of Vita 34 gains significant momentum again in the second quarter

27.08.2020 / 07:30
The issuer is solely responsible for the content of this announcement.


Business development of Vita 34 gains significant momentum again in the second quarter

  • Revenues up again significantly compared with the previous quarter
  • EBITDA margin increases to 29.3 percent in the second quarter
  • Good cash flow development allows cash and cash equivalents to rise significantly to EUR 9.9 million


Leipzig, 27 August 2020 - The business development of Vita 34 AG (ISIN: DE000A0BL849; WKN: A0BL84), one of the largest cell banks in Europe, has largely returned to normal despite the adverse economic environment. Compared to the weaker start to the year, revenues increased significantly in the second quarter, with a simultaneous recovery of the EBITDA margin to 29.3 percent. Overall, the market environment began to brighten up at the beginning of the second quarter, which is reflected in an increase in stored units, particularly at the end of the second quarter, and a sustained increase in incoming orders.

Compared with the previous year, revenues in the first half of the year were down by only 1.7 percent to EUR 9.6 million (H1 2019: EUR 9.8 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 2.6 million in the first half of the year were slightly lower than in the same period last year (H1 2019: EUR 2.8 million) due to the sales trend as well as higher marketing and sales expenses, especially in the first quarter. In the second quarter, the company returned to the previous year's level with an EBITDA of EUR 1.4 million and an EBITDA margin of 29.3 percent, despite one-off extraordinary expenses in connection with the takeover bid.

"All in all, it is clear that COVID-19 has at times hindered the marketing opportunities of our product range and thus has not left Vita 34 unaffected," explains Dr. Wolfgang Knirsch, CEO of Vita 34 AG. "However, we have adapted to the new circumstances and have thus succeeded in quickly picking up speed again even in this changed environment. In particular through optimized online marketing and web-based events, we are able to convince parents-to-be of our offer even more directly and personally than before."

The key figures for the business development are as follows:

in EUR '000 Q2 2020 Q2 2019 H1 2020 H1 2019 ∆ H1
Revenues 4,927 4,983 9,600 9,768 -1.7%
Gross profit 2,979 3,126 5,749 6,015 -4.4%
EBITDA 1,442 1,497 2,607 2,789 -6.5%
EBITDA margin [%] 29.3 30.0 27.2 28.6 -4.9%
EBIT 833 883 1,388 1,560 -11.0%
Net earnings 741 586 1,109 1,048 5.9%
Earnings per share 0.18 0.14 0.27 0.26 3.8%
Operating cash flow -- -- 1,842 2,359 -21.9%
Cash & cash equivalents
(vs. 31.12.2019)
-- -- 9,938 9,102 9.2%


The limited but noticeable impact of the COVID-19 pandemic on the course of business becomes apparent when looking at the regional development of sales. While there was almost no clouding of business in the core markets of the DACH region, this was more evident in the regions in Southern Europe that were more strongly influenced by COVID-19.

Thanks to the good earnings performance, Vita 34 was able to generate an operating cash flow of EUR 1.8 million in the first half of 2020, which was below the previous year's figure of EUR 2.4 million, but nevertheless underlines the company's high internal financing power. The main reasons for the decline were higher stockpiling as a precautionary measure in the wake of the COVID-19 pandemic, increased receivables due to the new PUR contract model and higher income tax payments due to the profitability achieved. The cash flow from investing and financing activities also developed positively, resulting in a further overall increase in cash & cash equivalents of 9.2 percent to EUR 9.9 million (31.12.2019: EUR 9.1 million).

"The second quarter shows us that we are coping well with the current situation," says CFO Falk Neukirch confidently. "Our business performance is good, as the circumstances dictate, and our finances remain extremely sound. We are still on schedule with the development of the immune cell product, although the general environment in the current phase of partner search limits the possibilities for intensive talks."

Against the background of the good development in the first half of the year and the course of business in the third quarter so far, the Management Board confirms the outlook for the full year 2020. Accordingly, revenues of between EUR 19.0 and 21.0 million and EBITDA of between EUR 4.8 and 5.8 million are still anticipated.

Contact:
Ingo Middelmenne
Investor Relations
Vita 34 AG
Phone: +49 (0341) 48792 - 0
Mobile: +49 (0174) 9091190
Email: [email protected]

Company profile
Vita 34 was founded in Leipzig in 1997 and is today one of the leading cell banks in Europe. As the first private umbilical cord blood bank in Europe and a pioneer in cell banking, the company has been offering collection logistics, preparation and storage of stem cells from umbilical cord blood and umbilical cord tissue as a full-service provider for cryopreservation ever since. Based on the expansion of the business model in 2019, Vita 34 also intends to offer the storage of immune cells from peripheral blood and stem cells from the body's own fat in the future. The body's own cells are a valuable starting material for medical cell therapy and are kept alive at temperatures around minus 200 degrees Celsius so that they can be used for treatment if necessary. More than 237,000 customers from more than 20 countries have already provided for the health of their families with a cell depot at Vita 34.



27.08.2020 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, Tradegate Exchange
EQS News ID: 1123793

 
End of News DGAP News Service

1123793  27.08.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 19,19 20,41 19,93 20,07 28,42 68,94 76,80
EBITDA1,2 1,85 4,72 5,43 5,34 0,81 -3,56 4,00
EBITDA-Marge3 9,64 23,13 27,25 26,61 2,85 -5,16
EBIT1,4 0,14 2,63 2,45 2,38 -3,07 -27,28 -4,65
EBIT-Marge5 0,73 12,89 12,29 11,86 -10,80 -39,57 -6,06
Jahresüberschuss1 -0,33 0,83 0,72 1,50 -3,93 -27,38 -5,20
Netto-Marge6 -1,72 4,07 3,61 7,47 -13,83 -39,72 -6,77
Cashflow1,7 1,53 4,60 6,32 3,98 2,73 -4,49 0,00
Ergebnis je Aktie8 -0,09 0,20 0,18 0,37 -0,63 -1,71 -0,29
Dividende8 0,16 0,16 0,00 0,00 0,00 0,00 0,16
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Vita 34
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0BL84 4,980 Halten 87,85
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
19,15 25,96 0,70 -71,14
KBV KCV KUV EV/EBITDA
8,07 - 1,14 22,22
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 28.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.05.2024 30.08.2024 22.11.2024 30.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,30% 2,15% -4,96% -15,59%
    
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Biotechnologie , A0BL84 , V3V , XETR:V3V