Tecan maintains target for profitability and adjusts revenue guidance for 2013
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Tecan Group AG /
Tecan maintains target for profitability and adjusts revenue guidance for 2013
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* Outlook for profitability improvement maintained; operating profit margin
expected to grow by around 50 basis points
* Revenue forecast adjusted to moderate sales growth in local currencies
* Confirming medium-term targets of sales around CHF 500 million with
increased profitability in 2015
Männedorf, Switzerland, October 9, 2013 - The Tecan Group (SIX Swiss Exchange:
TECN) today announced that the company continues to grow in a challenging
business environment. Tecan maintains its outlook for an increased operating
profit margin and adjusts its revenue outlook for 2013. As communicated before,
the operating profit margin is expected to grow by around 50 basis points in
2013 compared with 2012. In Tecan's Life Sciences Business division, the market
developments in North America and Europe continue to be tough and timing of end-
customer orders remain hard to predict. Based on stable sales for the Group in
the first half of 2013 and a lower than anticipated order entry in the Life
Science Business to date, the company now expects moderate growth in local
currency terms for fiscal year 2013. Previously, Tecan was targeting sales
growth to be in the mid-single-digit percentage range. The Partnering Business
continues to grow at a good level.
The current U.S. government shutdown adds additional uncertainty, potentially
delaying or putting on hold orders from federal agencies. In case the shutdown
continues for a protracted period, Tecan's 2013 results may be further impacted.
Tecan does not see the medium-term targets for 2015 communicated earlier this
year as affected by the headwinds in 2013. With important product launches ahead
in both divisions and substantial contributions to sales growth from China, the
components business and services and consumables, the major organic growth
drivers are intact. Therefore, Tecan continues to expect for 2015 at current
exchange rates sales of around CHF 500 million and an increased operating profit
margin.
About Tecan
Tecan (www.tecan.com) is a leading global provider of laboratory instruments and
solutions in biopharmaceuticals, forensics and clinical diagnostics. The company
specializes in the development, production and distribution of automated
workflow solutions for laboratories in the life sciences sector. Its clients
include pharmaceutical and biotechnology companies, university research
departments, forensic and diagnostic laboratories. As an original equipment
manufacturer (OEM), Tecan is also a leader in developing and manufacturing OEM
instruments and components that are then distributed by partner companies.
Founded in Switzerland in 1980, the company has manufacturing, research and
development sites in both Europe and North America and maintains a sales and
service network in 52 countries. In 2012, Tecan generated sales of
CHF 391 million (USD 416 million; EUR 323 million). Registered shares of Tecan
Group are traded on the SIX Swiss Exchange (TECN; ISIN CH0012100191).
For further information:
Tecan Group
Martin Braendle
Head of Corporate Communications & Investor Relations
Tel. +41 (0) 44 922 84 30
Fax +41 (0) 44 922 88 89
investor(at)tecan.com
www.tecan.com
Press Release (PDF):
http://hugin.info/100384/R/1734423/580905.pdf
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Source: Tecan Group AG via Thomson Reuters ONE
[HUG#1734423]
Unternehmensinformation / Kurzprofil:
Datum: 09.10.2013 - 07:20 Uhr
Sprache: Deutsch
News-ID 304082
Anzahl Zeichen: 4430
contact information:
Town:
Maennedorf
Kategorie:
Business News
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