Brief: Biocartis FY Total Operating Income Down At Eur 54.9Mln

Biocartis NV

24/02/2022 06:16

Feb 24 (Reuters) - Biocartis Group NV  BCART.BR :
    * PRESS RELEASE BIOCARTIS GROUP NV: BIOCARTIS ANNOUNCES 2021
RESULTS AND 2022 OUTLOOK
    * FY TOTAL REVENUE OF EUR 48.3M, UP 12% FROM 2020
    * FY TOTAL OPERATING INCOME OF EUR 54.9M COMPARED TO EUR
55.6M IN
2020
    * CASH AND CASH EQUIVALENTS AMOUNTED TO EUR 53.5M AT 31
DECEMBER
2021
    * FOR 2022 EXPECTS GROW PRODUCT REVENUE BY 24-36% TO BETWEEN
EUR
50M AND EUR 55M
    * FOR 2022 EXPECTS TO ACHIEVE A GROSS MARGIN ON PRODUCT
SALES OF
BETWEEN 25% AND 30%
    * FOR 2022 EXPECTS TO REDUCE OPERATING CASH BURN (EBITDA
PLUS
CAPITAL EXPENDITURE) WITH EUR 9.5M-EUR 13.5M TO BETWEEN EUR
47M-EUR 43M

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE6KydCL
Further company coverage:  BCART.BR 

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