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DGAP-Adhoc: STRATEC Biomedical AG: STRATEC reports

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Post# of 301275
Posted On: 07/12/2013 10:00:24 AM
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Posted By: News Desk 2018
DGAP-Adhoc: STRATEC Biomedical AG: STRATEC reports contract discontinuation and updates guidance

STRATEC Biomedical AG / Key word(s): Results Forecast/Change in Forecast 12.07.2013 15:47 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- STRATEC reports contract discontinuation and updates guidance Birkenfeld, July 12, 2013 STRATEC Biomedical AG (Frankfurt: SBS; Prime Standard, TecDAX) today reports that the company has been informed by a customer on July 11, 2013 that a contract announced on December 14, 2010 concerning the development and supply of an analyzer system will no longer be continued due to a strategic change on the part of this customer. STRATEC expects the impact on future budgeted development and production sales to be in the double-digit million euro range. The amount of compensation expected to be paid to STRATEC is currently under negotiation. Excluding this potential compensation payment, STRATEC expects to generate sales of between Euro 127 million and Euro 138 million in the 2013 financial year, with an EBIT margin of between 14.0% and 15.5%. Given the other analyzer systems currently in development that are expected to be launched by customers between 2014 and 2016, the company expects to generate average annual sales growth of 8% to 12% through to 2017 based on 2013 sales figures. This company forecast replaces the previously valid forecast. As planned, the company's interim report as of June 30, 2013 will be published on July 23, 2013. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About STRATEC: STRATEC Biomedical AG (www.stratec.com) designs and manufactures fully automated analyzer systems for its partners in the fields of clinical diagnostics and biotechnology. These partners market such systems, in general together with their own reagents, as system solutions to laboratories, blood banks and research institutes around the world. The company develops its products on the basis of its own patented technologies. Shares in the company (ISIN: DE0007289001) are traded in the Prime Standard segment of the Frankfurt Stock Exchange and are listed in the TecDAX select index of the German Stock Exchange. Further information can be obtained from: STRATEC Biomedical AG André Loy, Investor Relations Gewerbestr. 37, 75217 Birkenfeld Germany Tel: +49 7082 7916-190 Fax: +49 7082 7916-999 ir@stratec.com www.stratec.com 12.07.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: STRATEC Biomedical AG Gewerbestr. 37 75217 Birkenfeld Germany Phone: +49 (0)7082 7916 0 Fax: +49 (0)7082 7916 999 E-mail: info@stratec.com Internet: www.stratec.com ISIN: DE0007289001 WKN: 728900 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------



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