STEDIM : 2007 1st Quarter: annual prospects maintained

le
0
(euro thousands) March 31, 2007 March 31, 2006 % change
Exchange rate ¤ vs $ 1.31 1.20
By geographic area
Europe and other countries 10,768 13,147 (18.1%)
Single-Use Bag Systems 8,940 9,467 (5.6%)
Equipment 1,828 3,680 (50.3)%
North America 8,867 7,442 19.2%
Single-Use Bag Systems 6,631 5,893 12.5%
Equipment 2,236 1,549 44.4%
Total Stedim Biosystems 19,636 20,589 (4.6%)
By activity      
Single-Use Bag Systems 15,572 15,360 1.4%
Equipment 4,064 5,229 (22.3%)
Total Stedim Biosystems 19,636 20,589 (4.6%)

Sales growth over the quarter presents a mixed picture which does not change ambitious growth objectives announced for the year.

Single-Use Bag Systems

The Group's leading division recorded continuing growth in the US, with a 22% increase in dollars. However, in Europe there was a temporary decline. Taking account of the commercial prospects, the company anticipates a recovery in growth from the second quarter.

Equipment

In North America, the growth in dollars was 57% whereas in Europe, the very high basis of comparison of the 1st quarter 2006 should be considered. Overall, the decline noted at the end of March 2007 should be judged on the basis of the very narrow time period of a quarter. In addition, the global presence of major key accounts influences the geographical spread of sales and prejudices their interpretation.

Outlook

Stedim enjoys visibility that enables it to maintain its guidance for the year in its business, both for Single-Use Bag Systems and in Equipment.


Visit our web site at www.stedim.com to view all financial information

Contact: Laurence Chauliac - Tel: 33 (0)4 42 84 56 00 - l-chauliac@stedim.fr
Alain Bocher/AMP Consultants - Tel: 33 (0)1 40 55 01 84
ISIN Code: FR 0000053266 © Copyright Actusnews Wire
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