24.03.2022 Biotest AG  DE0005227235

DGAP-News: Biotest AG: Biotest exceeds sales guidance in fiscal year 2021


 

DGAP-News: Biotest AG / Key word(s): Annual Results
Biotest AG: Biotest exceeds sales guidance in fiscal year 2021

24.03.2022 / 14:00
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Biotest exceeds sales guidance in fiscal year 2021

  • Revenue increase of 6.5%
  • EBIT in core business profitable at €29.4 million
  • Biotest invites to the virtual Annual General Meeting on May 5, 2021


Dreieich, March 24, 2022. In fiscal year 2021, the Biotest Group generated revenues of € 515.6 million, compared to € 484.2 million in the previous year. This corresponds to an increase in revenues of 6.5 %.

Despite the ongoing Corona crisis, Biotest's sales in the Therapy segment developed positively with a growth rate of 7.2 % compared to the previous year. This result is a consequence of growth in key sales markets due to the positive sales development of the main product Intratect(R).

EBIT amounted to € - 47.1 million in fiscal 2021, compared to € - 1.3 million in the previous year. At the beginning of 2021, the Executive Board had forecast EBIT of € - 5 to - 10 million. This forecast was adjusted in December 2021 to EBIT of € - 43 to - 55 million. The reason for the adjustment was the necessary write-down of plasma derived coagulation factor VIII due to the sales market situation. Without the one-time effect of the write-down on factor VIII inventories in the amount of € 40.1 million, earnings before interest and taxes (EBIT) would have amounted to € - 7.0 million.

The Biotest Group's core business (adjusted EBIT) was clearly positive at € 29.4 million (previous year: € 78.4 million).

For the Biotest Group, the overall loss before tax (EBT) amounted to € - 62.6 million after € - 30.0 million in the same period of the previous year.

The Biotest Group's loss (EAT) for the financial year 2021 was € - 63.4 million, compared to € - 31.4 million in 2020.

Following the agreement reached by Spanish Grifols, S.A. in September 2021 with the current majority shareholder Tiancheng International Holdings on the acquisition of Biotest's block of shares, under the voluntary tender offer, Biotest shareholders tendered an additional 6.22 % of the ordinary shares and 42.24 % of the preference shares to Grifols, S.A.. Biotest expects that all necessary antitrust approvals will be obtained in the near future and that the share transfer can then be legally completed. Grifols S.A. will then hold 96.2 % of all ordinary shares and 43.2 % of all preference shares and thus a 69.7 % share of the total share capital. With this change in the shareholder structure, business opportunities in the USA will again increase significantly. Grifols and Biotest will also be able to pool existing resources in the field of blood plasma in order, among other things, to achieve a wider product range and thus create the conditions for sustainable corporate success.

Further good progress was made in the area of research and development. Based on the positive and medically relevant results of the ESsCOVID study (Escape from severe COVID-19), the Paul-Ehrlich-Institut has suggested to continue the clinical development of Trimodulin in a phase III study in the selected target population of patients with COVID-19 receiving oxygen support. In this context, the German Federal Ministry of Education and Research and the German Federal Ministry of Health have pledged funding of up to €29 million to accelerate Phase III clinical development.

Biotest has also set the course for positive corporate development with the new production facilities of the Biotest Next Level expansion project. At the beginning of July 2021, the facilities were successfully approved by the Darmstadt Regional Council and the Paul Ehrlich Institute and the manufacturing authorization was granted in accordance with Section 13 of the German Medicines Act. The focus is currently on completing the dossier for the marketing authorization of the new immunoglobulin "IgG Next Generation".

With the opening of five additional plasma collection centers in the Czech Republic and Hungary, Biotest was able to broaden the basis for obtaining the important raw material plasma in 2021. The Biotest Group now has 29 plasma collection centers in Europe.

Outlook 2022:

For the fiscal year 2022, the Executive Board aims to maintain the sales level of 2021, but due to current developments, which are difficult to forecast, does not rule out sales being 5 - 10 % lower.

Excluding the possible impact of the Russian attack on Ukraine, the Executive Board would have expected EBIT of € - 20 to - 25 million, taking into account accelerated R&D activities. This EBIT amount could more than double to - €40 to - €60 million if there were temporary production interruptions due to the above-mentioned risks.

If the operating result (EBIT) is adjusted for the earnings burdens from the Biotest Next Level project, Biotest expects an adjusted EBIT of € 70 to 85 million, which may also be reduced to € 40 to 70 million due to the effects of the war in Ukraine.

The 2021 Annual Report is available on the company's website at Presentations and analyst calls (biotest.com). The presentation for the conference call for analysts and journalists will be available for download on March 24, 2022.

About Biotest
Biotest is a provider of plasma proteins and biological drugs. With a value added chain that extends from pre-clinical and clinical development to worldwide sales, Biotest has specialised primarily in the areas of clinical immunology, haematology and intensive medicine. Biotest develops and markets immunoglobulins, coagulation factors and albumin based on human blood plasma. These are used for diseases of the immune and haematopoietic systems. Biotest has more than 1,900 employees worldwide. The ordinary and preference shares of Biotest AG are listed in the Prime Standard on the German stock exchange.

IR contact
Dr Monika Buttkereit
Phone: +49-6103-801-4406
Mail: [email protected]

PR contact
Dirk Neumüller
Phone: +49-6103-801-269
Mail: [email protected]

Biotest AG, Landsteinerstr. 5, 63303 Dreieich, Germany, www.biotest.com

Ordinary shares: securities' ID No. 522720; ISIN DE0005227201
Preference shares: securities' ID No. 522723; ISIN DE0005227235
Listing: Frankfurt (Prime Standard)
Open Market: Berlin, Düsseldorf, Hamburg/ Hanover, Munich, Stuttgart, Tradegate

Disclaimer
This document contains forward-looking statements on overall economic development as well as on the business, earnings, financial and assets position of Biotest AG and its subsidiaries. These statements are based on current plans, estimates, forecasts and expectations of the company and are thus subject to risks and elements of uncertainty that could result in significant deviation of actual developments from expected developments. The forward-looking statements are only valid at the time of publication. Biotest does not intend to update the forward-looking statements and assumes no obligation to do so.



24.03.2022 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.
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Language: English
Company: Biotest AG
Landsteinerstraße 5
63303 Dreieich
Germany
Phone: 0 61 03 - 8 01-0
Fax: 0 61 03 - 8 01-150
E-mail: [email protected]
Internet: http://www.biotest.de
ISIN: DE0005227235, DE0005227201
WKN: 522723, 522720
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1311241

 
End of News DGAP News Service

1311241  24.03.2022 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 553,10 378,10 400,30 419,10 484,20 515,60 0,00
EBITDA1,2 86,60 13,00 35,20 30,50 28,30 -16,10 0,00
EBITDA-Marge3 15,66 3,44 8,79 7,28 5,84 -3,12 0,00
EBIT1,4 63,90 -9,30 10,60 -1,20 -1,30 -47,10 0,00
EBIT-Marge5 11,55 -2,46 2,65 -0,29 -0,27 -9,14 0,00
Jahresüberschuss1 -45,70 -3,50 181,70 -4,70 -31,40 -63,40 0,00
Netto-Marge6 -8,26 -0,93 45,39 -1,12 -6,48 -12,30 0,00
Cashflow1,7 65,90 34,30 -50,00 -33,60 -16,70 33,90 0,00
Ergebnis je Aktie8 -1,17 -0,40 4,58 -0,11 -0,72 1,59 -0,35
Dividende8 0,07 0,04 0,04 0,04 0,04 0,04 0,04
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - 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: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Biotest VZ
WKN Kurs in € Einschätzung Börsenwert in Mio. €
522723 33,700 Halten 1.507,67
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
51,85 21,06 2,42 -537,71
KBV KCV KUV EV/EBITDA
3,51 39,34 2,92 -117,30
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,04 0,04 0,12 05.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
05.05.2022 11.08.2022 14.11.2022 24.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,48% -8,27% -12,69% -5,07%
    
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Gesundheit , 522723 , BIO3 , XETR:BIO3