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BioGaia AB. (2/10/12). "Press Release: BioGaia AB Year-end Report 2011".

Organisation Organisation BioGaia AB
  Group BioGaia (Group)
Product Product probiotic bacteria
     


(Figures in brackets refer to the same period of last year)

2011

- Net sales reached SEK 315.0 million (236.0), an increase of SEK 79.0 million (33%). Excluding foreign exchange effects, net sales grew by 40%.

- Operating profit was SEK 103.2 million (56.3), an improvement of SEK 46.9 million (83%). Excluding foreign exchange effects, operating profit rose by 101%.

- Profit before tax was SEK 108.9 million (69.7), an increase of SEK 39.2 million (56%). Net financial items include a foreign exchange gain of SEK 2.5 million (12.4) arising from foreign exchange contracts in EUR.

- Profit after tax was SEK 79.5 million (47.2), an improvement of SEK 32.3 million (68%).

- Earnings per share amounted to SEK 4.42 (2.74).

- The period's total cash flow was SEK 24.7 million (47.5). During the year BioGaia paid dividends of SEK 34.5 million (25.8) and corporate tax of SEK 35.8 million (0), of which SEK 18.4 million refers to the 2010 financial year. Cash and cash equivalents at 31 December 2011 totalled SEK 171.5 million (146.9).

- The Board proposes that the upcoming AGM approve an ordinary dividend of SEK 1.26 and an extraordinary dividend of SEK 2.74, equal to a total dividend of SEK 4.00 per share.


Fourth quarter 2011

- Net sales reached SEK 82.4 million (62.8), an increase of SEK 19.6 million (31%). Excluding foreign exchange effects, net sales grew by 32%.

- Operating profit was SEK 23.8 million (16.2), an improvement of SEK 7.6 million (47%). Excluding foreign exchange effects, operating profit rose by 51%.

- Profit before tax was SEK 29.6 million (18.6), an increase of SEK 11.0 million (59%). Net financial items include a foreign exchange gain of SEK 4.8 million (1.9) arising from foreign exchange contracts in EUR.

- Profit after tax was SEK 21.8 million (12.9) , an improvement of SEK 8.9 million (69%).


Key events in the fourth quarter of 2011

- Agreement for the sale of drops and tablets in Venezuela and Puerto Rico.

- Results from two Helicobacter pylori studies


"Last year was yet another year of strong growth in sales. This applies both to finished products, in all markets, and our component products in Europe and Asia. It is also encouraging to see that our focused efforts in Japan and the USA have yielded results that we now continue to build on," says Peter Rothschild, President of BioGaia.

BioGaia has published this information in accordance with the Swedish Securities Market Act. The information was issued for publication on 10 February 2012, 8:00 a.m.

View as pdf: BioGaia AB : Year-end report 2011 [ http://hugin.info/86913/R/1584530/495719.pdf ]

Press contact
Peter Rothschild, President
Telephone: +46 (0)8 555 293 20
Mobile: +46 (0)708 30 65 40
pr@biogaia.se

   
Record changed: 2015-08-10

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