Double-digit sales growth and record net profit for Tecan in first half of 2015

Tecan Group AG / Double-digit sales growth and record net profit for Tecan in first half of 2015 . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Financial results: first half of 2015

·      Order entry of CHF 220.1 million (H1 2014: CHF 196.6 million)

o   Growth of 14.6% in local currencies or 11.9% in Swiss francs

o   Organic growth of 9.4% in local currencies or 6.9% in Swiss francs

o   Order backlog increase in the double-digit percentage range

·      Sales of CHF 200.0 million (H1 2014: CHF 172.0 million)

o   Growth of 18.9% in local currencies or 16.2% in Swiss francs

o   Organic growth of 13.0% in local currencies or 10.5% in Swiss francs

·      Operating profit before depreciation and amortization (EBITDA) of CHF 32.6 million (H1 2014: CHF 26.8 million)

o   Improvement of 70 basis points in EBITDA margin to 16.3% (H1 2014: 15.6%)

·      Net profit of CHF 26.0 million (H1 2014: CHF 18.6 million); increase of 39.7%

o   Improvement of 220 basis points in net profit margin to 13.0% (H1 2014: 10.8%)

o   Increase in earnings per share by 37.5% to CHF 2.31 (H1 2014: CHF 1.68)

·      Strong cash flow from operating activities of CHF 35.1 million (H1 2014: CHF 16.2 million)

·      Outlook for full-year 2015 confirmed

Operating performance in the first half of 2015

·      Launch of the second application-specific Fluent(TM) laboratory automation solution for drug discovery; strong momentum in orders

·      Launch of next-generation detection platform Spark(TM) 10M

  

Männedorf, Switzerland, August 12, 2015 - The Tecan Group (SIX Swiss Exchange: TECN) closed the first half of 2015 with double-digit sales growth and record net profit.

Tecan CEO David Martyr commented: "I am pleased with Tecan's performance in the first half of 2015, especially with the high growth rate in our Partnering Business. The launch of major new products in both business segments and the successful integration of IBL International, which we acquired last year, both contributed to the company's strong growth. I am particularly pleased with the strong expansion in profitability. Our results from the first half of the year set a new company record for net profit, earnings per share, and cash flow from operating activities.