Sartorius presents preliminary figures for fiscal 2004: Earnings more than Doubled
The Sartorius Group more than doubled its earnings and substantially increased its sales revenue according to the preliminary figures for fiscal 2004.
Earnings before interest and taxes (EBIT) surged 121.5% to 32.5 million euros from 14.7 million euros a year earlier. At 54.8 million euros, earnings before interest, taxes, depreciation and amortization (EBITDA) was up 45.3 % over 37.7 million euros a year ago. Earnings per share jumped from 0.26 euro to 0.89 euro. All operating business areas of the Group contributed to the increase in profitability.
In the reporting year, Group sales revenue was 467.6 million euros, up from 442.3 million euros in 2003. This translates to a 5.7% gain. Currency-adjusted sales revenue even surpassed the year-earlier figure by 8.5%. Sartorius grew in all regions; this growth was driven substantially by Asia and the USA.
Sartorius used its positive net cash flow of 36.3 million euros (previous year: 33.9 million euros) primarily to continue cutting back debt. Net debt shrank from 105.0 million euros to 78.9 million euros.
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