Brief: Bachem H1 Group Sales Increase Slightly To CHF 240.3 Mln

BACHEM HOLDING AG

25/07/2024 06:00

July 25 (Reuters) - BACHEM HOLDING AG  BANB.S :
    * GROUP SALES INCREASE SLIGHTLY TO CHF 240.3 MILLION (+0.2%
COMPARED TO PRIOR-YEAR PERIOD, +1.3% IN LOCAL CURRENCIES)
    * EBITDA AT CHF 55.5 MILLION (+5.6% COMPARED TO PRIOR-YEAR
PERIOD,
+8.7% IN LOCAL CURRENCIES)
    * MARGIN OF 23.1% (PRIOR-YEAR PERIOD: 21.9%)
    * FOR 2024, BACHEM EXPECTS GROUP SALES TO GROW IN LOCAL
CURRENCIES
IN MID- TO HIGH-SINGLE-DIGIT PERCENTAGE RANGE
    * EBITDA MARGIN IN LCAL CURRENCIES SHOULD REMAIN STABLE IN
2024
COMPARED TO PREVIOUS YEAR
    * FOR 2026, COMPANY AIMS FOR ANNUAL SALES OF MORE THAN CHF 1
BILLION AND AN EBITDA MARGIN OF OVER 30%
    * OPERATING INCOME (EBIT) WAS CHF 35.4 MILLION (+1.6%
COMPARED TO
PRIOR-YEAR PERIOD, +6.0% IN LC)
    * NET INCOME WAS CHF 36.2 MILLION (+5.0% COMPARED TO
PRIOR-YEAR
PERIOD) WITH A MARGIN OF 15.0% (FIRST HALF OF 2023: 14.4%)

Further company coverage:  BANB.S 

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