OctoPlus announces 2011 annual results - Seite 3

* In 2011 OctoPlus incurred a total cash outflow of EUR 1.1 million (2010: EUR
0.6 million cash outflow).
* The cash outflow excluding equity issues increased to EUR 4.8 million as a
result of lower revenues (2010: EUR 4.0 million).
* The cash position was EUR 1.6 million on 31 December 2011 (31 December 2010: EUR
2.7 million). We expect to strengthen our balance sheet by raising
additional funds in the first half of 2012.

Outlook
Our prime focus is to build our business into an operationally cash flow
balanced company in the medium term, which allows us to fund projects with long
term upside potential for our shareholders in the form of royalties, product
revenue and milestone payments. The recent difficult economic climate has
affected our clients, which has made both 2010 and 2011 challenging years for
us: this is reflected in lower revenues. We feel that our focus during 2011 on
improved efficiency and effectiveness in virtually all key functions of our
organization will allow us to move towards revenue growth during 2012. We expect
to meet the increased demand from our customers by increasing the utilization of
our expanded facilities in Leiden and making some further modest investments,
predominantly in equipment. We aim to generate more than 20% organic growth in
revenues during 2012, contributing to our goal to become a sustainable
operationally cash balanced business with a large financial upside in the form
of royalties, product revenue and milestones in the years thereafter.

Jan Egberts, CEO of OctoPlus comments: "After my first year as CEO, I am looking
back at a challenging year. Although our business has been negatively impacted
by the current economic environment, I feel that over the past year we have made
great strides in strengthening and further professionalizing our organization.
We expect to see the results from these efforts in the course of 2012 and are
aiming for our revenues to grow by more than 20% in 2012. Our aim is to build a
company that is operationally cash balanced, allowing a sustainable business
with a large shareholder upside in the form of royalties, milestones and product
revenue."

Conference call and webcast presentation
OctoPlus will hold a conference call and webcast presentation today at 10:00 AM
CET. This event can also be followed live via OctoPlus´ website www.octoplus.nl.
If you would like to participate in the conference call, please dial in on
telephone number [phone]. After the presentation, Jan Egberts, CEO of
OctoPlus and Susan Swarte, CFO of OctoPlus, will be available to answer
questions. After the event, the webcast will be available for replay on the
Company´s website.

Click here for the full press release including financial tables:
http://hugin.info/137076/R/1586898/497625.pdf

This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: OctoPlus N.V. via Thomson Reuters ONE

[HUG#1586898]

Wertpapiere des Artikels:
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