March 2, 2017 / 6:22 AM / 6 months ago

BRIEF-Biocartis expects cash position of around 40 mln euros by 2017 yr end; announces change in CEO

March 2 (Reuters) - Biocartis Group NV:

* Biocartis announces 2016 results, 2017 outlook and change in CEO position

* Cash position: around 40 million euros ($42.1 million) by 2017 year end

* Total 2016 operating income amounted to 13.8 million euros

* Product revenues in 2016 amounted to 6.8 million euros, representing an increase of 88 percent compared to 2015

* Cash and cash equivalents on 31 december 2016 amounted to 83.2 million euros

* Rudi Pauwels will pass on the role of CEO to a successor

* Successor of Rudi Pauwels will be announced in the next few months

* Hilde Windels, currently deputy CEO, will assume role of CEO until a successor is on board Source text for Eikon: Further company coverage: ($1 = 0.9493 euros) (Gdynia Newsroom)

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