Brief: Tecan H1 Adjusted EBITDA At CHF 119.1 Mln

Tecan AG

17/08/2022 05:35

Aug 17 (Reuters) - TECAN GROUP AG  TECN.S :
    * TECAN DELIVERS STRONG FINANCIAL PERFORMANCE IN THE FIRST
HALF OF
THE YEAR AND RAISES SALES OUTLOOK FOR FULL YEAR 2022
    * H1 ADJUSTED EBITDA OF CHF 119.1 MILLION (H1 2021: CHF
115.0
MILLION)
    * H1 ADJUSTED EBITDA MARGIN OF 20.4%, EXCLUDING PARAMIT OF
22.1%
(H1 2021: 25.3%)
    * H1 ADJUSTED NET PROFIT OF CHF 80.6 MILLION (H1 2021: CHF
84.3
MILLION)
    * H1 ADJUSTED EARNINGS PER SHARE OF CHF 6.34 (H1 2021: CHF
7.03)
    * OUTLOOK FOR FULL-YEAR SALES GROWTH RAISED, NOW FORECASTED
TO BE
IN MID- TO HIGH-TEENS PERCENTAGE RANGE IN LOCAL CURRENCIES
    * H1 SALES OF CHF 584.0 MILLION (H1 2021: CHF 454.0 MILLION)
    * H1 GROWTH OF +28.6% IN SWISS FRANCS OR +29.0% IN LOCAL
CURRENCIES
    * H1 ORGANIC SALES DECLINE OF ONLY -4.3% IN LOCAL
CURRENCIES,
AGAINST A HIGH COVID-DRIVEN COMPARISON BASE OF +47.5% GROWTH IN
PRIOR-YEAR PERIOD
    * FULL-YEAR EXCHANGE RATE FORECAST WAS UPDATED TO REFLECT
AVERAGE
EXCHANGE RATES IN FIRST HALF OF 2022: ONE US DOLLAR EQUALING CHF
0.94 (PREVIOUSLY CHF 0.92) AND ONE EURO EQUALING CHF 1.03
(PREVIOUSLY CHF 1.08)
    * OUTLOOK 2022: TECAN CONTINUES TO EXPECT AN ADJUSTED EBITDA
MARGIN, EXCLUDING ACQUISITION AND INTEGRATION-RELATED COSTS, AT
AROUND 20% OF SALES

Source text for Eikon:  ID:nGNEcbYp54 
Further company coverage:  TECN.S 

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