Half Year Results 2023
ANALYST & MEDIA CONFERENCE CALL
Zurich, August 15 2023
Speakers
DR. ACHIM VON | TANIA MICKI | |
LEOPRECHTING | CFO | |
CEO | ||
Agenda
FINANCIAL AND OPERATING HIGHLIGHTS
FINANCIAL RESULTS
KEY PRODUCT LAUNCHES AND OUTLOOK 2023
QUESTIONS AND ANSWERS
3
Financial Highlights H1 2023
SOLID UNDERLYING SALES GROWTH IN A VERY DYNAMIC MARKET ENVIRONMENT
Sales of CHF 541.5 million (-3.6% in LC)
Underlying growth of +6.8% in LC, excluding effects from lower COVID-related revenues and reduced material cost pass-through
Sales development of -3.6% in LC compared to a higher basis of comparison which still benefited from COVID-related sales
Adjusted EBITDA of CHF 101.2 million
The adjusted EBITDA margin reached 18.7%
Adjusted net profit of CHF 65.8 million Adjusted EPS at CHF 5.16
H1 SALES DEVELOPMENT
H1 EBITDA DEVELOPMENT
LC = local currencies | |
Reconciliation of adjusted consolidated statement of profit or loss can be found on slide 25 | Adjusted EBITDA for 2020-2023 |
Operating Highlights H1 2023
NEW PRODUCT LAUNCHES AND PARTNERSHIPS
Expansion of core offering in laboratory automation in key growth markets, including for liquid biopsy and biobanking
Broadening of automated genomics portfolio and reagents offering Addition of unique solutions to address unmet workflow needs Several new partnerships and product launches in Partnering Business
SCALING OF GLOBAL MANUFACTURING
Series production of Tecan's Cavro components established at Paramit's manufacturing facilities in Morgan Hill, USA, and Penang, Malaysia
First liquid handling and detection products manufactured at Tecan's new assembly plant in Shanghai, China
FURTHER BUILDING ON SUSTAINABILITY ACTIVITIES
Absolute emissions reduction target set and submitted to the Science Based Targets Initiative (SBTi) for validation to reduce greenhouse gas emissions in line with climate science
Environmental management process has been independently audited; ISO14001 certification achieved for HQ in Switzerland
Cavro components manufacturing in Penang
Expansion of core offering in laboratory automation
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Tecan Group AG published this content on 15 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 08:45:06 UTC.