euro adhoc: Sartorius AG / Nine-month earnings for 2004 already above full-year earnings for 2003 / Group sales revenue and order intake significantly up from the previous year’s level / Debt further reduced / Full-year targets unchanged (E)

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In the first nine-month period of 2004, the Sartorius Group increased its sales revenue by 3.9% (currency-adjusted: 6.6%) to €337.5 million from €324.8 million a year ago. We raised sales revenue of the Biotechnology Division by 2.9% (currency-adjusted: 5.7%) to €170.8 million (previous year: €166.1 million), and that of the Mechatronics Division by 5.0% (currency-adjusted: 7.4%) to €166.6 million (previous year: €158.7 million).

Concerning order intake, we posted a substantial increase of 9.1% (currency-adjusted: 12.3%) to €347.6 million (previous year: €318.6 million). For the Biotechnology Division, order intake rose 10.1% (currency-adjusted: 13.8%); for the Mechatronics Division, order intake climbed 8.1% (currency-adjusted: 10.7%).
We boosted EBITDA in the first nine-month period of 2004 to €36.6 million from €16.6 million a year ago and improved EBIT to €20.3 million (previous year: - €0.7 million). We raised EBIT for the Biotechnology Division to €10.2 million (previous year: €0.7 million); and increased that for the Mechatronics Division to €10.1 million (previous year: - €1.5 million).

We primarily used net cash flow of €21.8 million (previous year:
€26.6 million) to reduce our net debt to €92.1 million (reporting date on December 31, 2003: €105.0 million).

We continue to adhere to our full-year targets for increasing sales revenue in the mid- to upper percentage range of one digit and for doubling EBIT.

Further inquiry note:
Heiko Imöhl
Vice President
Treasury & Investor Relations
phone : +49 551 308 4034

emitter: Sartorius AG Weender Landstr. 94-108 D-37075 Göttingen phone: +49 (0)551 308 0 FAX: +49 (0)551 308 289 mail: WWW: ISIN: DE0007165607

end of announcement euro adhoc


sector: Biotechnology language: English