Nine-Month Figures for 2018

Sartorius Stedim Biotech Continues to Grow by Double Digits

Regulatory News:

With double-digit increases in sales revenue and earnings, Sartorius Stedim Biotech (SSB) (Paris:DIM), a leading partner of the biopharma industry, continues on the growth track.

“Momentum developed very strongly in the course of this year, even if we adjust for relative moderate comparables particularly in the third quarter of 2017. We grew dynamically across all product categories and geographies and increased our profitability significantly. Conditions in the biopharma market continue to be healthy and demand for our products remains high. Backed by a strong order intake, we see us well on track to deliver on our ambitious 2018 targets,” said Dr. Joachim Kreuzburg, Chairman of the Board and CEO.

Business development of the Group

In the first nine months of 2018, Sartorius Stedim Biotech increased its sales revenue in constant currencies by 13.8% to 896.1 million euros (reported +11.4%). Growth was driven both by strong demand for equipment and single-use products. Almost all of the increase in sales revenue was achieved organically, whereas the acquisition of the software company Umetrics contributed around 0.5 percentage points of non-organic growth. Order intake also rose significantly by 14.5% in constant currencies to 955.6 million euros (reported +12.0%).

In view of the regions, the Americas led growth, reporting a gain of 20.3% to 315.8 million euros relative to a moderate previous-year base (reported +15.9%). Compared to high growth in the year-earlier period, sales revenue in Asia|Pacific also showed positive development, increasing by 11.9% to 203.8 million euros. The EMEA²⁾ region recorded a solid gain of 9.8% to 376.5 million euros (reported +9.4%). (All regional growth in constant currencies.)

In the first nine months of 2018, Sartorius Stedim Biotech increased its underlying EBITDA¹⁾ overproportionately relative to sales, by 17.2% to 251.4 million euros. Driven by economies of scale and positive product mix effects, the Group's respective margin improved significantly year over year from 26.7% to 28.1%. Relevant net profit³⁾ for the Group grew even more strongly by 22.9% from 130.8 million euros to 160.7 million euros thus earnings per share were 1.74 euros (9M 2017: 1.42 euros).