Tecan with strong order entry and good sales development in the second half of 2014 - Seite 2

• Full-year sales are forecast to increase with a double-digit rate in local currencies
• EBITDA margin to expand by more than 100 basis points

EBIT margin to further increase; corresponding to an EBIT margin above 15% before effects from closed acquisition

Männedorf, Switzerland, March 18, 2015 - The Tecan Group (SIX Swiss Exchange: TECN) today announced its financial results for full-year and second half of 2014.

Tecan CEO David Martyr commented: "After a difficult first half-year in our Partnering Business, we saw a solid recovery in the second half. Overall, order entry was strong throughout the year and our order backlog at year end increased with a double-digit rate to the highest level in at least the last five years. I am also pleased that we achieved our profitability targets for the year.

Particular product development highlights were the introductions of Fluent, the next generation of liquid handling platforms in our Life Sciences Business, and of the ORTHO VISION(TM) Analyzer by OrthoClinical Diagnostics in our Partnering Business, key parts of a wave of new exciting platforms and products now hitting the market. Also, we successfully completed our first acquisition in recent years. IBL International will support our evolution towards total solutions and being a reagents business, it is a new source of recurring revenues. With such growth drivers in place, we expect strongly accelerated sales growth and a further improved profitability during 2015," Martyr continued.

Financial results full-year and second half of 2014

In the second half of 2014, order entry increased by 12.2% in local currencies and in Swiss francs. Excluding the acquisition of IBL International, orders in the second half grew by 7.5% in local currencies and Swiss francs. For the full year, order entry increased by 9.5% in local currencies to CHF 417.4 million (2013: CHF 386.1 million), corresponding to growth of 8.1%. On an organic basis, order entry increased by 7.1% in local currencies and by 5.7% in Swiss francs.