VITA 34 International AG: Big results surge in 1st half year 2010

VITA 34 International AG / Half Year Results/Results Forecast

13.07.2010 09:48

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VITA 34 International AG: Big results surge in 1st half year 2010

* EBIT rises to 0.2m Euro
* Number of storages 5,152 - above last year's high level
* Clearly improved profitability for total year expected
* Revenue forecast of approximately 17-18m Euro

Leipzig, July 13, 2010 - The VITA 34 International AG (ISIN DE000A0BL849),
parent company of the oldest private umbilical cord blood bank in the
German-speaking countries VITA 34 AG, was able to clearly increase the
earnings before taxes and interests (EBIT) to 0.2m Euro in the 1st half
year 2010. In the corresponding period last year, the EBIT had still
amounted to -0.2m Euro. At the same time, the number of storages of
umbilical cord blood of 5,152 slightly exceeded last year's already high
level of 5,125. The sales revenues of 7.6m Euro in the 1st half year 2010
clearly exceeded last year's level of 7.0m Euro. In addition, the increase
in sales also results from cost reduction measures and process

The corporate result improved to 0.2m Euro, after the break-even point had
been reached in the first half year 2009. The equity capital increased to
18.9m Euro as per June 30, 2010, compared with 18.1m Euro as per June 30,
2009. Even after the acquisition of the majority of shares in the previous
Spanish partner Secuvita in May 2010, the liquid assets at an amount of
4.5m Euro were on a very good level as per the end of June 2010.

The increase in earnings in the first half year 2010 underlines the
corporation's plans: VITA 34 expects a considerably increased profitability
for the total year 2010. After the Secuvita takeover -Secuvita is being
consolidated on corporate level since mid-May 2010 -VITA 34 is expecting a
revised revenue of about 17 to 18m Euro for the total year 2010. In the
fiscal year 2009, the sales revenues had amounted to about 15m Euro.

The complete semi-annual report is available for download on

Press/ Investor Relations:
Axel Mühlhaus
Dr. Sönke Knop
edicto GmbH
Zeißelstraße 19
D-60318 Frankfurt
Phone: +49 (069) 90550550
Fax: +49 (069) 90550577

13.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at and

Language:     English
Company:      VITA 34 International AG
              Deutscher Platz 5a
              04103 Leipzig
Phone:        +49(0341)48792-40
Fax:          +49(0341)48792-39
ISIN:         DE000A0BL849
WKN:          A0BL84
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Hamburg, Stuttgart
End of News                                     DGAP News-Service