EQS-Adhoc
BB Biotech AG publishes financial results for 2023 and changes to the Board of Directors
- BB Biotech AG reports loss of CHF 207 mn for 2023 (previous year: CHF 358 mn).
- Dr. Erich Hunziker will step down from the Board of Directors after the AGM.
- Dr. Thomas von Planta proposed as new chairman, Ms. Camilla Soenderby as new Director.
EQS-Ad-hoc: BB BIOTECH AG / Key word(s): Annual Results/Personnel Ad hoc announcement pursuant to Art. 53 LR |
January 19, 2024
BB Biotech AG publishes financial results for 2023 and changes to the Board of Directors
In accordance with regulations on ad hoc publicity, BB Biotech AG (ISIN CH0038389992) is releasing the following information:
Results for the financial year 2023
Based on its preliminary unaudited consolidated figures, BB Biotech AG reports a loss of approximately CHF 207 mn for the financial year 2023 (loss of CHF 358 mn in the previous year). For an
investment company, the results reflect the share price development of the companies held in the portfolio.
The publication of all relevant portfolio data will take place on January 19, 2024 at 7:00 am and the complete annual report will be published on February 16, 2024.
Changes to the Board of Directors
Dr. Erich Hunziker has informed the Board of Directors that he will not stand for re-election at the upcoming Annual General Meeting and will step down after the AGM. The Board expresses its
deepest gratitude for the remarkable leadership, strategic insights, and excellent governance which Dr. Hunziker has brought to BB Biotech.
Dr. Thomas von Planta, a member of the Board of Directors since 2019, will be proposed to the Annual General Meeting on March 21, 2024 as Erich Hunziker’s successor as chairman. Dr. von Planta has profound experience in corporate finance and capital markets and is familiar with the healthcare industry.
In addition, Ms. Camilla Soenderby will be proposed as a new Director at the AGM. Ms. Soenderby has held executive roles at leading biopharmaceutical companies in the EU, the US and Asia and is also a board member of F2G (UK/US) and Affibody AB (Sweden), advisor to the private equity group EQT and a member of the Novo Advisory Group.
For further information:
Media Relations
Bellevue Asset Management AG, Seestrasse 16, 8700 Küsnacht, Switzerland, tel. +41 44 267 67 00
Tanja Chicherio, tch@bellevue.ch
www.bbbiotech.com
Company profile
BB Biotech AG is an investment company with its registered office in Schaffhausen/Switzerland and listed on the Swiss and German stock exchanges. It has invested in innovative drug developers
headquartered primarily in the US and Western Europe. BB Biotech is one of the world’s largest investors in this sector. The competent Board of Directors with its long-standing experience set the
investment strategy and guidelines. Investment decisions are taken by the experienced investment management team of Bellevue Asset Management AG based on their extensive investment research.
End of Inside Information
19-Jan-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: | English |
Company: | BB BIOTECH AG |
Schwertstrasse 6 | |
8200 Schaffhausen | |
Switzerland | |
Phone: | +41 52 624 08 45 |
E-mail: | info@bbbiotech.com |
Internet: | www.bbbiotech.ch |
ISIN: | CH0038389992 |
WKN: | A0NFN3 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Mailand, SIX |
EQS News ID: | 1818219 |
End of Announcement | EQS News Service |
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1818219 19-Jan-2024 CET/CEST