Vita 34 AG increases period result in 2011

Leipzig, (PresseBox) - .
- Positive period result of about EUR 1.2 million achieved after EUR 0.3 million in 2010
- Revenue of EUR 16.0 million after EUR 16.96 million in 2010
- Increase in operational result expected for 2012

According to preliminary figures, the Vita 34 AG (ISIN DE000A0BL849), the oldest private umbilical cord blood bank in the German-speaking countries, has considerably increased the period result in the business year 2011 compared to the previous year. The period result of about EUR 1.2 million clearly exceeded that of EUR 0.3 million in the year before. As expected, the revenue fell below the previous year's value of EUR 16.96 million and amounted to EUR 16.0 million in the period under review. The earnings before interest and tax (EBIT) totaled EUR -0.3 million after EUR 0.7 million one year ago.

The positive business development with increasing storage figures could be continued again in Italy. Vita 34 has been active in this market with its distribution partner Sorgente S.r.l. since 2009. The number of preparations from the region almost doubled in 2011. Increasing storage figures from this area are expected in the future.

The total number of storages in 2011 amounted to 8,806 preparations compared to 11,038 in the record year of 2010. The challenging economic market environment in Spain became noticeable in clearly regressive storage figures. In addition, the storages for the Norddeutsche Knochenmark- und Stammzellregister (NKR) were lost in 2011, after they had strongly risen in 2010.

In the total year of 2012, the revenue should be on the same level as in 2011. The marketing and sales activities should be even more intensified in this business year and further business segments developed within the value-added chain beyond Europe. The plan is to moderately increase the operational result in 2012.

The definite figures will be published together with the complete financial statement on March 21, 2012.

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