Sartorius AG announced consolidated earnings results for the second quarter and first half year ended June 2013. For the quarter, the company reported sales revenue of EUR 226.9 million compared to EUR 214.0 million a year ago. Earnings before interest and taxes (EBIT) was EUR 31.5 million compared to EUR 25.6 million a year ago. Profit before tax was EUR 28.3 million compared to EUR 20.0 million a year ago. Net profit was EUR 20.3 million or EUR 0.84 per ordinary and preference share compared to EUR 13.6 million or EUR 0.60 per ordinary and preference share a year ago.

For the period, the company reported sales revenue of EUR 441.3 million compared to EUR 422.1 million a year ago. EBITDA was EUR 84.8 million compared to EUR 75.8 million a year ago. EBITA was EUR 68.4 million compared to EUR 62.1 million a year ago. Relevant net profit was EUR 32.3 million or EUR 1.88 per ordinary share, EUR 1.60 per preference share compared to EUR 29.7 million or EUR 1.73 per ordinary share, EUR 1.31 per preference share a year ago. Earnings before interest and taxes (EBIT) was EUR 59.1 million compared to EUR 49.2 million a year ago. Profit before tax was EUR 52.6 million compared to EUR 42.8 million a year ago. Net cash flow from operating activities was EUR 22.9 million compared to EUR 3.2 million a year ago. Capital expenditures were EUR 23.3 million compared to EUR 34.7 million a year ago. Free cash outflow was EUR 0.1 million compared to EUR 31.0 million a year ago.

Based on its strong first-half performance, the company confirmed and specified its sales and earnings forecast for the fiscal year 2013. On the basis of constant currencies and an overall stable economic environment, the company expects that sales revenue will reach the upper half of its growth corridor of 6% to 9% already forecasted. Assuming that exchange rates remain unchanged, management continues to aim at achieving an underlying EBITDA margin of around 19.5% (previous year: 19.0%).