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VITA 34 International AG: In the black after only three quarters in 2009
- Record-breaking number of 2,980 storages in Q3
- Profit of EUR 0.4 million after three quarters compared to EUR -1.1 million in the previous year
- First storages from Italy
VITA 34 International AG (ISIN DE000A0BL849), the parent company of the leading umbilical cord blood bank in the German-speaking countries VITA 34 AG, recorded the highest number of storages in the history of the company in Q3 2009 and is now well in the black after nine months. Q3 2009 saw 2,980 units being stored, slightly beating the record figure of 2,976 in the same quarter in 2008. As the company's cost position was reduced considerably in the past months as part of a drive to optimise processes, VITA 34 is now reporting a profit of EUR 0.4 million for Q3 2009. This follows a loss of EUR 0.5 million in Q3 2008. Earnings before interest and taxes, EBIT, amounted to EUR 0.2 million after minus 0.6 million in the same quarter one year earlier. Year-on-year revenues remained almost unchanged at EUR 4.1 million.
In the first nine months of 2009, VITA 34 generated a profit of EUR 0.4 million, after recording a planned loss of EUR 1.1 million in the previous year. EBIT improved to EUR 0.1 million after minus EUR 1.7 million in the first three quarters of 2008. This means that in full-year terms VITA 34 has returned into the black sooner than originally anticipated, as a breakeven is expected at EBIT level by the end of the year. Revenues added up to EUR 11.1 million, which means that the nine month figure is very much in line with the EUR 11.3 million reported for the first three quarters of 2008. The number of storages amounted to 8,105 compared to 8,282 in the previous year's period.
In addition to that VITA 34 has received the first storages from Italy. This market accounts for around 500,000 births every year and has been addressed by our Italian cooperation partner since Q3 2009. In addition to Germany, VITA 34 is operating in Austria, Switzerland, Spain, Slovenia and Italy. The incremental expansion of international business is to be continued in the future.
The full nine month report is available for download in the Investor Relations section at www.vita34.de.
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