STEDIM : Stedim Biosystems: Sales to December 31, 2006

le
0
(¤ thousands) Dec. 31, 2006 Dec. 31, 2005 % change
Exchange rate: ¤ vs $ 1.26 $ 1.24 $  
By geographic area      
Europe and other countries 51,282 35,163 45.8%
Single-Use Bag Systems 39,026 30,360 28.5%
Equipment 12,256 4,803 155.2%
North America 40,090 50,581 (20.7%)
Single-Use Bag Systems 25,458 18,388 38.5%
Equipment 14,631 32,193 (54.6%)
Total Stedim Biosystems 91,372 85,744 6.6%
By activity      
Single-Use Bag Systems 64,485 48,748 32.3%
Equipment 26,887 36,996 (27.3%)
Total Stedim Biosystems 91,372 85,744 6.6%

The year 2006 was above all marked by the very strong 32% growth in Single-Use Bag Systems, split evenly between Europe (29%) and North America (38%). Two features have clearly been identified:

  • having passed its period of emergence, the technology of single-use bags is now entering into a phase of complete recognition by the biopharmaceutical market,
  • as the creator of its market, Stedim is now growing faster than the biopharmaceutical industry itself, improving its rate of penetration and enhancing its position as leader.

Equipment delivered in Europe more than doubled from ¤ 4.8 million to ¤ 12.3 million. The year 2007 will confirm this trend. The decrease in sales of these products in North America is due to the delay in signing a multi-year supply agreement with a major customer. This agreement now opens positive prospects for 2007 .

In conclusion, sales should be considered differently according to technologies, geography and time period.

Although below the 10% growth previously announced, sales will not impact the quality of the operating profit which will be published on March 27, at the same time as the 2007 prospects.


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