Vita 34 International AG Posts Best Quarter in the Company’s History
Vita 34 International AG / Half Year Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- VITA 34 Posts Best Quarter in the Company's History Revenues and EBIT in First Half Year of 2007 Significantly Above Expectations Leipzig, July 9, 2007 - VITA 34 International AG (ISIN DE000A0BL849), the parent company of the leading cord blood bank VITA 34 has, according to preliminary figures, underpinned its growth course in the second Quarter of 2007. Revenues according to IFRS rose by 66 percent as compared to the prior year to Euro 3.9 million. In the entire first half year of 2007, revenues increased by more than 50 percent as compared to the prior year to Euro 7.4 million. The number of storage units climbed by 50 percent to 2,550 transplants in the second Quarter of 2007 as compared to the prior year. In the entire first half year of 2007, revenues increased by more than 65 percent to 4,996. Thus, Quarter 2 of 2007 represented, both with regard to storage units as well as revenue, the best quarter in the 10-year history of the company. Despite the planned increase in marketing and sales efforts to expand the market, VITA 34 International AG achieved a clearly positive operating profit (EBIT) in both the first and second quarters of 2007. In the Q2 the operating profit was Euro 355K - analysts had expected a quarterly loss. In the first half year EBIT totaled Euro 619K, and was significantly greater than expectations. This reflects the positive effects on profits generated by the sales measures initiated, which produced revenues that exceeded plans. In addition, the Management Board of VITA 34 comprehensively adjusted for the assets resulting from the divested US business by the closing date. This resulted in a loss of Euro 1.0 million in the second quarter. The adjustments, however, were neutralized in the entire first half year by the profits posted in Quarter 1 as a result of the divestiture of the business unit. The annual profit in the first half of 2007 was Euro 318K. In the first half of 2006 there had been a loss of Euro 2.9 million on account of the US business, which has since been divested of. The Management Board of VITA 34 International AG assumes that they will notably exceed market expectations in the full year 2007 with an increase in storage units of some 30 percent as compared to the prior year, and an increase in revenues of some 20 to nearly 25 percent. Press / Investor Relations: Axel Mühlhaus Dr. Sönke Knop edicto GmbH Zeißelstraße 19 D-60318 Frankfurt Tel.: +49 (069) 90550552 Fax: +49 (069) 90550577 eMail: vita34@edicto.de DGAP 10.07.2007 ---------------------------------------------------------------------- Language: English Issuer: Vita 34 International AG Deutscher Platz 5a 04103 Leipzig Deutschland Phone: +49(0341)48792-40 Fax: +49(0341)48792-39 E-mail: info@vita34.de Internet: www.vita34.de ISIN: DE000A0BL849 WKN: A0BL84 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------