Comments from the Managing Director:
“Third quarter sales were driven by strong growth in Asia and Europe, where the
launch of EasyDropper is continuing. Net sales for the first nine months reached
SEK 395.9 million. It is highly gratifying that we have now passed the level for
2015, in spite of the major inventory build-up in Brazil last year. Promising is
also the trend in Business Unit Adult Health, which has shown growth for two
consecutive quarters. I would also like to mention that the clinical study on
reduction of pregnancy gingivitis, which we have previously reported on, has
been very well received by our partners, and it is very satisfying that we have
signed a sales agreement in Western and Eastern Africa”, says Axel Sjöblad,
Managing Director of BioGaia AB.
Period from 1 January – 30 September 2016
(Figures in brackets refer to the same period of last year. The comparative
figures in the balance sheet refer to 31 December 2015)
· Net sales amounted to SEK 395.9 million (378.9), an increase of SEK 17.0
million (4%). (No material foreign exchange effects arose.)
· Net sales in Business Unit Paediatrics reached SEK 313.8 million (313.0), an
increase of SEK 0.8 million (0 %). (No material foreign exchange effects arose.)
· Net sales in Business Unit Adult Health amounted to SEK 69.4 million (54.6),
an increase of SEK 14.8 million (27%) (excluding foreign exchange effects, 24%).
· Operating profit excluding the distributed former subsidiary IBT was SEK
153.1 million (140.8), an increase of SEK 12.3 million (9%). Including IBT,
operating profit was SEK 147.9 million (124.7). (No material foreign exchange
effects arose.)
· Profit after tax excluding IBT was SEK 112.4 million (112.2), an increase of
SEK 0.2 million (0%).
· Earnings per share from continuing operations totalled SEK 6.48 (6.49).
Earnings per share including discontinued operations totalled SEK 10.42 (5.76).
· The period’s cash flow was SEK -27.6 million (8.0). Cash and cash
equivalents at 30 September 2016 amounted to SEK 201.6 million (226.9). Cash
flow includes the distribution of the subsidiary IBT, which had a negative
impact on cash flow of SEK 37.6 million.
Third quarter 2016
· Net sales amounted to SEK 126.0 million (106.0), an increase of SEK 20.0
million (19%) (excluding foreign exchange effects, 17%).
· Net sales in Business Unit Paediatrics reached SEK 99.0 million (88,9), an
increase of SEK 10.1 million (11%) (no material foreign exchange effects arose).
· Net sales in Business Unit Adult Health amounted to SEK 22.6 million (12.6),
an increase of SEK 10.0 million (79%) (excluding foreign exchange effects, 70%).
· Operating profit excluding IBT was SEK 48.4 million (36.2), an increase of
SEK 12.2 million (34 %). Including IBT, operating profit was SEK 48.4 million
(29.7). (No material foreign exchange effects arose.)
· Profit after tax excluding IBT was SEK 35.1 million (25.7), an increase of
SEK 9.4 million (37%). Including IBT, profit after tax was SEK 35.1 million
(20.7).
· Earnings per share excluding IBT totalled SEK 2.02 (1.49). Earnings per
share including IBT totalled SEK 2.02 (1.19).
Key events in the third quarter of 2016
· Publication of study showing that BioGaia ProDentis reduces pregnancy
gingivitis.
· Agreement for the sale of drops, tablets and oral rehydration solution in
Kenya, Nigeria and Ghana.
Teleconference: You are welcome to take part in a teleconference on the interim
management statement that will be held today 25 October at 8:45 a.m. by Managing
Director Axel Sjöblad. To participate in the teleconference call please see
www.biogaia.com/agenda for telephone numbers. The teleconference can also be
followed at https://wonderland.videosync.fi/biogaia-q3-report.
This information is information that BioGaia AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 25
October 2016, 8:00 a.m. CET.
This is a translation of the Swedish version of the interim report. When in
doubt, the Swedish wording shall prevail.
For additional information contact:
Axel Sjöblad, Managing Director, BioGaia AB, telephone 46 8-555 293 00
or Margareta Hagman, Executive Vice President, BioGaia AB, telephone 46 8-555
293 00
BioGaia AB Box 3242, SE-103 64 STOCKHOLM
Street address: Kungsbroplan 3A, Stockholm
Telephone: 46 8-555 293 00, Corp. Identity no. 556380-8723 www.biogaia.com
BioGaia is a healthcare company that develops, markets and sells probiotic
products with documented health benefits. The products are primarily based on
the lactic acid bacterium Lactobacillus reuteri which has probiotic, health-
enhancing effects. The class B share of the Parent Company BioGaia AB is quoted
on the Mid Cap list of the Nasdaq OMX Nordic Exchange Stockholm.
www.biogaia.com.
BioGaia AB Box 3242. SE-103 64 STOCKHOLM Street address: Kungsbroplan 3A,
Stockholm Telephone: +46 8 555 293 00, Corp. identity no. 556380
-8723. www.biogaia.com.
