VITA 34 International records strong growth in 1st quarter of 2007 – Contracts concluded 90 percent up / EBIT balanced despite growth investments
Vita 34 International AG / Quarter 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. ---------------------------------------------------------------------- Leipzig, April 2, 2007 – Preliminary figures show that VITA 34 International AG (ISIN DE000A0BL849), parent company of VITA 34, the leading private umbilical cord blood bank in the German-speaking countries, continued to accelerate its growth in the first quarter of 2007. As regards ongoing business, revenues according to IFRS were up 40 percent, rising from 2.5 million Euro during the comparative period last year to 3.5 million Euro. The number of contracts concluded rose even more sharply; these precede future revenues by a period of several months. With 2,746 new contracts for the storage of cord blood, the comparative figure from the previous year (1,447) was exceeded by 90 percent; this is the highest figure ever achieved in the company’s history to date. The number of transplants stored rose by 83 percent to 2,446, another record level. This proves that the first measures of the newly implemented marketing and distribution strategy are already taking positive effect. Despite investments associated with the growth strategy, EBIT results were balanced in the 1st quarter of 2007. The executive board of VITA 34 International AG sees the very positive developments during the quarter as confirmation of its growth expectations for the entire year. In future, the company will expand the distribution and marketing areas even further, using the inflow of funds from the stock market flotation in order the accelerate the increase in market potential for cord blood banking in Germany. 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 02.04.2007 ---------------------------------------------------------------------- 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 www: 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 ---------------------------------------------------------------------------