BRAIN successfully enters into fiscal year 2015/16
DGAP-News: B.R.A.I.N. Biotechnology Research And Information Network AG /
Key word(s): Quarter Results
2016-02-29 / 08:00
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
BRAIN successfully enters into fiscal year 2015/16
Zwingenberg, February 29, 2016: B.R.A.I.N. Biotechnology Research and
Information Network AG ("BRAIN AG"; ISIN DE0005203947 / WKN 520394) today
published its financial results for the first quarter of fiscal year
2015/16. Accordingly, in the reporting period from October 1, 2015 to
December 31, 2015, the BRAIN Group increased its total operating
performance by 11 percent, from Euro 6.3m to Euro 7.0m in a year-over-year
comparison. This growth was primarily driven by the "BioIndustrial"
segment.
The total operating performance of the "BioIndustrial" segment increased by
23 percent to Euro 3.5m in the first quarter of 2015/16, from Euro 2.9m in
the previous year period. The enzyme business of the WeissBioTech
subsidiary made a significant contribution to this marked increase in
revenues. As a result, the share of total Group operating performance of
the industrial product business, combined in the "BioIndustrial" segment,
increased from 45 percent to 50 percent. The remaining 50 percent were
contributed by the "BioScience" segment, representing the collaboration
business of BRAIN, where the total operating performance in the first
quarter of 2015/16 equally amounted to Euro 3.5m, after a slight increase
year-over-year.
The Group operating result (EBIT) declined from Euro -0.5m to Euro
-2.1m over the previous year. Adjusted for one-off costs incurred by the
initial public offering of BRAIN AG of Euro 0.8m and personnel expenses
resulting from a share-based employee compensation scheme of Euro 0.4m, the
adjusted Group EBIT amounted to Euro -0.9m in the first three months of
fiscal year 2015/16. Thereof, Euro -0.2m relate to the "BioIndustrial"
segment and Euro -0.7m to the "BioScience" segment.
"During all meetings with investors in the run-up to the IPO we set great
store by detailing our industrialisation strategy. We will press ahead
vigorously with advancing our own product pipeline, which first and
foremost benefits our 'BioIndustrial' segment. The first quarter figures of
the 2015/2016 fiscal year clearly illustrate that we can grow this segment
without compromising our successful collaboration business with industrial
partners," says Dr Jürgen Eck, CEO of BRAIN AG.
Key financials (first three months of fiscal year 2015/16)
(in Euro million)1 3M 3M
2015/16 2014/15
Total operating performance2 6.972 6.265
BioScience 3.490 3.453
BioIndustrial 3.518 2.852
Adjustments (consolidation effects) -0.037 -0.040
EBIT -2.112 -0.547
Adjusted EBIT3 -0.900 -0.541
Group result -2.370 -0.751
Result per share in Euro -0.18 -0.08
Number of shares 12,861,068 12,725,818
Cash flows from operating activities -2.289 -1.029
Cash flows from investing activities -0.348 -0.166
Cash flows from financing activities 1.885 -0.768
1) The financial figures of fiscal 2015/16 are comparable only to a
limited extent to the values of the previous year, as for the first quarter
of FY 2014/15 they only include the financial figures of the WeissBioTech
organisations for the months of November and December 2014 due to the
acquisition
2) Revenues + change in inventories + other income including R&D grants,
only comparable to a limited extent
3) Adjusted for one-off costs of the IPO and expenses resulting from
share-based employee participation plans
More detailed information on the quarterly financial results and the
related consolidated financial tables (profit and loss statement, balance
sheet, cash flow statement) are available at
www.brain-biotech.de/en/investor-relations/financial-publications as part
of the interim statement for the three months period ending December 31,
2015.
+++ENDS+++
About BRAIN
BRAIN is one of Europe's leading technology companies in the field of
industrial biotechnology, the core discipline of Bioeconomy. As such, BRAIN
identifies previously untapped, efficient enzymes, microbial producer
organisms or natural substances from complex biological systems that can be
put to industrial use. The innovative solutions and products developed by
help of this "Toolbox of Nature" are successfully applied in the chemistry,
the cosmetics and the food industries. Today, BRAIN's business model is
based on two pillars - "BioScience" and "BioIndustrial". The first pillar,
"BioScience", comprises its - frequently exclusive - collaboration business
with industrial partners. The second pillar "BioIndustrial" comprises the
development and commercialisation of BRAIN's own products and active
product components. Further information is available at
www.brain-biotech.de/en
Contact:
B.R.A.I.N
Biotechnology Research And Information Network AG
Dr. Martin Langer
Executive Vice President
Corporate Development
Darmstädter Str. 34-36
64673 Zwingenberg, Germany
Tel.: +49-6251-9331-0
Fax: +49-6251-9331-11
E-Mail: ir@brain-biotech.de
www.brain-biotech.de
Disclaimer
This press release contains forward-looking statements. These statements
reflect the current views, expectations, and assumptions of the management
of BRAIN AG and are based on information currently available to the
management. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. There are numerous factors
which could influence the future performance by and future developments at
BRAIN AG and the BRAIN group of companies. Such factors include, but are
not limited to, changes in the general economic and competitive
environment, risks associated with capital markets, currency exchange rate
fluctuations, changes in international and national laws and regulations,
in particular with respect to tax laws and regulations, and other factors.
BRAIN AG does not undertake any obligation to update or revise any
forward-looking statements.
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Language: English
Company: B.R.A.I.N. Biotechnology Research And Information Network
AG
Darmstädter Straße 34-36
64673 Zwingenberg
Germany
Phone: +49 (0) 62 51 / 9331-0
Fax: +49 (0) 62 51 / 9331-11
E-mail: ir@brain-biotech.de
Internet: www.brain-biotech.de
ISIN: DE0005203947
WKN: 520394
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service