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Selexis S.A.. (9/15/17). "Press Release: Selvita Demonstrates Strong Revenue Growth in H1 2017". Kraków.

Organisations Organisation Selvita S.A. (WSE:SLV)
  Group Selvita (Group)
  Organisation 2 Berlin-Chemie AG
  Group Menarini (Group)
Products Product drug discovery services
  Product 2 SEL24 (MEN1703) (dual PIM/FLT3 kinase inhibitor, Selvita / Menarini)
Index term Index term Menarini–Selvita: kinase inhibitor, 201703– license ww to dual PIM/FLT3 kinase inhibitor SEL24 to Berlin-Chemie

Selvita, one of the largest drug discovery companies in Europe, has published semiannual financial results.

In H1 2017 Selvita Group recognized total operating revenues (incl. grants) of PLN 59.7 MM, which means a 109% increase compared to H1 2016 when the operating revenues amounted to PLN 28.5 MM.

Sales revenues increased in all of Selvita operating segments:

– Revenues from the services segment showed a solid increase of 31% (PLN 19.6 MM vs. PLN 14.9 MM).

– Revenues of the innovation (pipeline) segment rose very significantly by 337% (PLN 28.3 vs. PLN 6.4 MM). High dynamics of sales and operating profit in the innovation segment of the Group in H1 2017 was driven mainly by the partnering deal on SEL24 program with Berlin Chemie/Menarini.

– The bioinformatics segment has generated a 190% increase in revenues (PLN 3.1 MM vs. PLN 1.2 MM).

In H1 2017 revenues from subsidies increased by 38% in comparison to the H1 2016 (PLN 7.8 MM vs. PLN 5.6 MM).

The results show clearly that the company is growing strong across all divisions, enjoying stable and balanced business growth.

Group’s net profit amounted to PLN 8.8 MM versus PLN 0.3 MM in H1 2016.

The English version (Summary) of Selvita Consolidated Quarterly Report for H1 2017 is available at: [ ]

Record changed: 2019-04-26


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