businesspress24.com - BioGaia AB : Interim report 1 January - 31 March 2012
 

BioGaia AB : Interim report 1 January - 31 March 2012

ID: 1111569

(Thomson Reuters ONE) -


BioGaia AB Interim report 1 January - 31 March 2012
(Figures in brackets refer to the same period of last year)


1 January - 31 March 2012

- Net sales reached SEK 434.3 million (69.9). This figure includes licence
revenue of SEK 356 million from Nestlé that is regarded as non-recurring
revenue. Excluding non-recurring revenue from Nestlé, net sales amounted to SEK
78.3 million (69.9), an increase of SEK 8.4 million (12%).

- Operating profit was SEK 382.1 (23.4) million. Excluding non-recurring
revenue, operating profit was SEK 26.1 million (23.4), an improvement of SEK
2.7 million (12%).

- Profit before tax was SEK 384.9 (25.6) million. Excluding non-recurring
revenue, profit before tax was SEK 28.9 million (25.6), an increase of SEK 3.3
million (13%).

- Profit after tax was SEK 283.2 million (18.5). Excluding non-recurring
revenue, profit after tax was SEK 20.8 million (18.5), an improvement of SEK
2.3 million (12%).

- Earnings per share amounted to SEK 16.37 (1.04). Excluding non-recurring
revenue, earnings per share were SEK 1.18.

-The period's total cash flow was SEK 358.7 million (1.9). Excluding non-
recurring revenue, cash flow was SEK 2.7 million. The period's cash flow
includes investments in TwoPac of approximately SEK 9 million. Cash and cash
equivalents at 31 March 2012 totalled SEK 529.9 million (148.5).


Key events in the first quarter of 2012

- BioGaia signs an agreement to extend its collaboration with Nestlé, including
the sale of a license for EUR 50.8 million, of which EUR 40 million (SEK 356
million) was paid and recognised during the quarter.

- Results of a clinical study show that Lactobacillus reuteri Protectis reduces
diarrhoea in children.

- The Board of BioGaia proposes that the AGM approve an additional extraordinary




dividend of SEK 2 per share, amounting to a total dividend of SEK 6 per share.


Key events after the end of the first quarter of 2012

- BioGaia signs exclusive distribution agreement for the sale of its probiotic
drops and tablets in Taiwan.


"The highlight of the quarter was naturally the new agreement we signed with
Nestlé in February, which is of great strategic importance to BioGaia leading to
an enhanced and extended collaboration. The agreement also creates an
opportunity for us to let Nestlé market our products under the BioGaia brand in
some of the larger markets." says Peter Rothschild, President of BioGaia.


A telephone conference on the interim report will be held today at 10:00 a.m. by
President Peter Rothschild and CFO Margareta Hagman. To participate in the
conference, please see BioGaia's website for telephone numbers
http://www.biogaia.com/investors/agenda.



Interim report 1 January - 31 March 2012:
http://hugin.info/86913/R/1609682/511325.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: BioGaia AB via Thomson Reuters ONE
[HUG#1609682]



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Petroleum Geo-Services ASA : First Quarter 2012 Results
Bereitgestellt von Benutzer: hugin
Datum: 08.05.2012 - 02:00 Uhr
Sprache: Deutsch
News-ID 1111569
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