Difficult start to first half-year of 2010 for the Bachem Group
August 20, 2010
Postponed assignments and orders slow down the start to the year and send sales down 17.1% in local currencies during the first half of 2010
Positive sales trend in the course of the year with 25% sales increase for second quarter compared with the first three months of 2010
The sales decline as well as the staff and infrastructure costs required for sustainable success lead to a temporary fall in EBIT (5.8 million CHF, -78.7%) and EBIT-margin (7.9%)
Net income thanks to proceeds from sale of stake in Polyphor at 18.8 million CHF
With a marked increase in sales and reduced costs, a substantially higher operating income margin is expected for the second semester
