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ANTONY, France, March 24 /PRNewswire-FirstCall/ --
- Strong Growth in Results Sales up 16%, net Profit up 17%
- Sound Financial Position
- Proposed Increase in Dividend
The Board of Directors, meeting on 23 March 2009 under the chairmanship of Albert SAPORTA, approved the 2008 consolidated financial statements:
EUR millions 2007 07/06 2008 08/07
as % of % as % of %
sales change sales change
Sales 147.1 100.0 16 170.9 100.0 16
Cost of goods sold (32.9) (22.3) 11 (39.8) (23.3) 21
SG&A (65.1) (44.3) 17 (72.9) (42.7) 12
R&D net (23.8) (16.2) 32 (30.0) (17.5) 26
EBIT 25.3 17.2 9 28.1 16.5 11
Net profit, group share 16.3 11.1 12 19.0 11.1 17
EBITDA 30.0 20.4 9 34.3 20.1 14
Capital expenditure (16.2) (11.0) 68 (18.3) (10.7) 12
Free cash flow 6.5 4.4 (19) 4.7 2.8 (28)
Net financial debt 10.4 (14) 9.6 (8)
Equity 66.4 26 82.6 24
EPS, diluted 1.22 EUR 10 1.43 EUR 17
Proposed dividend 0.40 EUR 14 0.45 EUR 13
2008 sales grew by 16% to EUR 171 million, in line with the growth of previous financial years since 2000 (15% average annual growth). The sublingual route remained the main driver of this growth with an 18% increase over the financial year.
Operating profit totalled EUR 28.1 million, along with an operating
margin of 16.5%. This performance was all the mo
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