Full year 2016

Another year of double-digit sales growth for Tecan - Seite 2

• Significant increase in serial production of major platforms in the Partnering Business
• Successful integration of Sias AG, which was acquired in November 2015

Acquisition of SPEware Corporation in September 2016, a leading provider for mass spectrometry sample preparation solutions

Launch of additional important features for Fluent^® next generation liquid handling platforms as well as a new variant of the Spark^® reader platform

Unchanged dividend of CHF 1.75 per share proposed

Outlook 2017

• Full-year sales are forecast to increase by at least 6% in local currencies
• Reported EBITDA margin expected to further expand to at least 18% of sales, including acquisition-related costs in a mid single-digit million Swiss franc amount

Männedorf, Switzerland, March 15, 2017 - The Tecan Group (SIX Swiss Exchange: TECN) today announced its financial results for full-year and second half of 2016.

Tecan CEO David Martyr commented: "I am pleased that we recorded another year of double-digit sales growth and a further improvement in underlying profitability during 2016. Importantly, we posted strong sales growth in both divisions and all regions, with China being a specific highlight. Once again, the high operating cash flow of over 23% of sales was particularly satisfactory.

Our new platforms had a strong market uptake, with Fluent quickly becoming the industry-leading automation solution and Spark setting new standards for multimode readers regarding sensitivity, speed and accuracy. In our Partnering Business, we saw a substantial increase in serial production of major platforms and we successfully concluded several new development agreements, providing the basis for continued growth. We fully integrated Sias AG, which we acquired at the end of 2015 and relocated our new colleagues and the production lines into the Tecan site in Maennedorf. In August, we were delighted to announce the acquisition of US-based SPEware Corporation, which further expands our solutions offering into the sample preparation for mass spectrometry market," Martyr continued.