DGAP-News

Vita 34 Increases Revenue by 25 Percent in First Half-Year 2016

DGAP-News: Vita 34 AG / Key word(s): Half Year Results
Vita 34 Increases Revenue by 25 Percent in First Half-Year 2016

23.08.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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Vita 34 Increases Revenue by 25 Percent in First Half-Year 2016


- Revenue increased by 25 percent as compared with the same period last
year

- Promising growth markets opened thanks to new cooperation agreements

- Vita 34 receives the German medium-sized company TOP 100 innovation
prize


Leipzig, August 23, 2016 - Vita 34 AG (WKN A0BL84), the second largest stem
cell bank in Europe, successfully expanded its market position in the first
half of 2016. The number of deposits stored throughout the group rose to
more than 150,000 stem cell deposits.

Thanks to the integration of the companies acquired in 2015, total
operating revenue rose by 22 percent to EUR 8.7 million (first half-year
2015: EUR 7.1 million), and revenue increased by 25 percent from some EUR
6.4 million to EUR 8.0 million in the period reported. The integration of
the acquired companies shaped profitability in the first half-year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of
EUR 0.9 million were lower than the prior year's level (first half-year
2015: EUR 1.1 million). Correspondingly, earnings before interest and taxes
(EBIT) decreased to EUR 0.3 million (first half-year 2015: EUR 0.6
million). In the implementation of its growth strategy, Vita 34 pursued
internationalization of business activities in a targeted manner. Thanks to
new cooperation agreements with companies in Dubai and Lebanon, Vita 34 is
now also present in the Middle East. Moreover, the company is active in
Norway, a high birth rate country with great growth and income potential,
via its subsidiary StemCare ApS.

Dr. André Gerth, CEO of Vita 34 AG, commented as follows on the development
of business in the first half year 2016: "The integration of the companies
acquired in 2015 was completed successfully, and consequently revenue was
increased by 25 percent as compared to the same period last year. The
integration and restructuring, however, is also associated with increased
cost, which will place a burden on our profits in the short term. Thanks to
the significant progress made in the integration process, I expect a clear
improvement in the EBITDA margin in the medium term. We set the course for
this in the second quarter."

Whereas, the EBITDA margin in Q1 2016 was 8.3 percent. This key
profitability figure increased to 12.9 percent already in Q2. In the medium
term the company has 20 percent as a target.

Moreover, Vita 34 is characterized by a well-developed and sustainably
grown culture of innovation. In June, Vita 34 was recognized for its
innovation successes and particular innovative force by being awarded the
TOP 100 innovation prize. Thus, the company numbers among the most
innovative medium-sized companies in Germany.

The complete six-month report 2016 is available for download effective
immediately on the website at www.vita34group.de in the "Investor
Relations" section.

Company Profile

Vita 34 was founded in 1997 as the first private umbilical cord blood bank
in Europe and, as a complete provider, offers collection logistics,
preparation and storage of umbilical cord blood. The basis for its
successful work is an outstanding position in the technological segment of
cryo-preservation. Here, cells and tissue are preserved alive at some
-190ºC for long periods of time, and can be used if needed in the context
of medical treatment. More than 150,000 families are already taking
advantage of this offering and have provided for their children with a stem
cell deposit at Vita 34.


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23.08.2016 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,
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Archive at www.dgap.de

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Language: English
Company: Vita 34 AG
Deutscher Platz 5a
04103 Leipzig
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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


End of News DGAP News Service
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494859 23.08.2016