August 25, 2017 / 4:38 AM / 3 months ago

BRIEF-Bachem Holding H1 net profit down to CHF 15.8 mln

Aug 25 (Reuters) - BACHEM HOLDING AG:

* INCREASED ITS SALES IN THE FIRST HALF OF 2017 BY 5.3% TO A NEW RECORD HIGH OF 119.5 MILLION CHF (H1 2016: 113.4 MILLION CHF)

* H1 GENERICS SALES REACHED 52.0 MILLION CHF AND WERE SLIGHTLY BELOW THE VERY STRONG LEVEL ACHIEVED DURING THE PRIOR YEAR PERIOD (53.9 MILLION CHF)

* H1 OPERATING PROFIT INCREASED TO 31.7 MILLION CHF AT THE EBITDA LEVEL AND TO 21.4 MILLION CHF AT THE EBIT LEVEL

* H1 NET PROFIT FOR THE PERIOD CAME IN AT 15.8 MILLION CHF (H1 2016: 17.1 MILLION CHF)

* EXPECTS FISCAL 2017 TO BE ANOTHER VERY GOOD YEAR FOR THE COMPANY; SALES GROWTH IN LOCAL CURRENCY IS LIKELY TO COME IN AT THE UPPER END OF THE LONG-TERM GUIDANCE RANGE OF 6% TO 10% PER YEAR

* PROFITABILITY IN FY 2017 SHOULD SHOW ANOTHER YEAR-ON-YEAR IMPROVEMENT COMPARED TO THE PREVIOUS YEAR LEVEL

Source text - bit.ly/2wtep06

Further company coverage: (Gdynia Newsroom)

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