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DGAP-News: Vita 34 concludes 2018 with significant earnings growth according to preliminary figures

DGAP-News: Vita 34 AG / Key word(s): Preliminary Results


Vita 34 concludes 2018 with significant earnings growth according to preliminary figures


28.02.2019 / 08:00



The issuer is solely responsible for the content of this announcement.


Vita 34 concludes 2018 with significant earnings growth according to preliminary figures

- Revenues increased by 6.3 percent to EUR 20.4 million

- EBITDA multiplies after efficiency measures to EUR 4.7 million

- Cash and cash equivalents increase by 66.5 percent to EUR 7.0 million

Leipzig, 28 February 2019 - Vita 34 AG (ISIN: DE000A0BL849, WKN: A0BL84), one of the largest cell banks in Europe, has concluded the year 2018 very successfully on the basis of the first preliminary unaudited financial figures. The company has grown significantly both in terms of sales and, above all, earnings.

At EUR 20.4 million, revenues in the full year 2018 were 6.3 percent up on the previous year (FY 2017: EUR 19.2 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 157.1 percent to EUR 4.7 million (FY 2017: EUR 1.8 million). Due to sustainably optimized expenses for administration, sales and marketing as well as acquisition-related one-time expenses in the previous year, EBITDA increased disproportionately. At 23.3 percent, the EBITDA margin was also significantly higher than in the previous year (FY 2017: 9.6 percent).
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