CyBio AG
CyBio AG english
CyBio AG: Sales of first quarter in line with plan, Results at prior year level
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Restructuring shows first successes
Jena, 27th May 2002: CyBio AG, Jena (Neuer Markt, WKN: 541230) achieved sales of
2,50 million EUR in the first quarter of 2002. Compared to the strong prior
year first quarter (3,6 million EUR) sales is about one third below this level.
The result before interest and taxes (EBIT) amounted to minus 2,51 million EUR,
slightly above the prior year quarterly result (minus 2,46 million EUR). The
cost reduction plan implemented in March 2002 will show its effects in the next
quarters.
The cash position of the CyBio Group was additionally burdened by the last
payment for the purchase price for the acquired Combitech Ltd., UK. End of March
the available cash of the Group amounted to 6 million EUR. (year end 2001: 9,8
million EUR).
The restructuring scheme for the CyBio Group has been completely implemented in
March and April of this year. The synergy effects of merging the activities of
research and development are showing its results by the launching of new
products in the next three month.
Despite the slow start in the first three month continuous market penetration
shows positive results in northern Europe. CyBio Northern Europe (former
Combitech) managed to double sales compared to prior years first quarter. In the
past weeks we were able to complete our new sales team in the USA. Therefore we
expect growing US-sales in the upcoming quarters, so that the plan figures in
sales and results can be met for the year 2002.
Contact:
CyBio AG; Cornelia Todt
Göschwitzer Str. 40; 07745 Jena
Tel. + 49 3641 / 35 14 25; Fax + 49 3641 / 35 13 60
E-Mail: cornelia.todt@cybio-ag.com
end of ad-hoc-announcement (c)DGAP 27.05.2002
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WKN: 541230; ISIN: DE0005412308; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
270811 Mai 02
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