Brief: Bachem Increased Sales By 8.6% To CHF 577.3 Mln

BACHEM HOLDING AG

07/03/2024 05:57

March 7 (Reuters) - BACHEM HOLDING AG  BANB.S :
    * IN 2023, BACHEM INCREASED SALES BY 8.6% TO CHF 577.3
MILLION,
EBITDA MARGIN OF 28.9% (CORRECTS FIGURES, ADDS PERIOD)
    * PROPOSES DIVIDEND BY CHF 0.05 TO CHF 0.80 PER SHARE
(CORRECTS
FIGURES)
    * CEO: ENGAGED IN BROAD EXPANSION OF OUR PRODUCTION
CAPACITIES,
STRENGTHENING NECESSARY PROCESS CAPABILITIES (REMOVES REFERENCE
TO CEO TAKING ON ADDITIONAL DUTIES)
    * IN 2023, BACHEM INCREASED SALES BY 8.6% TO CHF 577.3
MILLION
    * PROFIT AT EBITDA LEVEL ROSE BY 3.9% TO CHF 166.7 MILLION
WITH A
MARGIN OF 28.9%
    * IF ONE TAKES INTO ACCOUNT INFLUENCE OF STRONG SWISS FRANC,
SALES
EVEN GREW BY 12.8% AND EBITDA-MARGIN WAS AT 30.5%
    * OUTLOOK: WE SEE THE POTENTIAL TO REACH ONE BILLION IN
SALES BY
2026 WITH AN EBITDA MARGIN OF OVER 30%

Further company coverage:  BANB.S 

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