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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chemometec AS | TG:CHY | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.85 | 3.69% | 51.95 | 51.70 | 52.20 | 0.00 | 22:50:06 |
ANNOUNCEMENT NO. 243
13 September 2023
Annual Report 2022/23 (1 July 2022 - 30 June 2023)
Continued solid earnings, but weaker growth amid challenging market conditions
ChemoMetec’s revenue for 2022/23 grew by 4% to DKK 442.3 million and operating profit (EBITDA) for 2022/23 was DKK 251.0 million, a 13% increase on 2021/22. In 2022/23, ChemoMetec continued developing the new Xcyto platform and the instruments XcytoMatic 40 and XcytoMatic 30. In addition to the XcytoMatic instruments, we expect to launch two more products, the NC-203 and the Xcyto 5, at the latest by end of the calender year 2024.
“Generally, the 2022/23 financial year was a challenging year, as rising interest rates and growing general uncertainty led to a reduced availability of new capital to customers in our most important market area, cell-based therapy. ChemoMetec made great efforts to adapt to these changing market conditions, and we succeeded in maintaining a positive earnings performance. At the end of the financial year, there were clear indications that the cell-based therapy market was stabilising – albeit at a lower level than in previous years.
We remain optimistic about the long-term potential of cell-based therapy, and consequently also ChemoMetec’s opportunities to create growth in this area. And with the upcoming launch of our new XcytoMatic products, we are entering another attractive market area – bioprocessing. The coming financial year will be a period of sustained macroeconomic and geopolitical uncertainty, however, which means that 2023/24 may well be a year of challenging growth conditions before we see a return of stronger growth prospects,” says Rasmus Kofoed, CEO.
Financial results
Guidance
Conference call
The Company will host a conference call on Thursday, 14 September at 11:00 a.m.
Rasmus Kofoed, CEO, and Niels Høy Nielsen, CFO, will present the annual report for 2022/23. Their presentation will be followed by a Q&A session.
The conference call will be conducted in English.
Link to the conference call: https://chemometec.com/investor-relations/chemometec-fy-2022-23-conference-call/
Additional information
Rasmus Kofoed, CEO Tel.: (+45) 26 72 68 19
Niels Høy Nielsen, CFOTel.: (+45) 25 51 87 24
Attachments to this announcement
The annual report may also be downloaded from ChemoMetec’s website www.chemometec.com
About ChemoMetec A/S
ChemoMetec develops, manufactures and markets instruments for cell counting and a wide range of other measurements. ChemoMetec’s instruments are marketed to the pharmaceutical, biotech and agricultural industries worldwide. ChemoMetec’s customers include some of the world’s leading pharmaceutical companies, such as Novartis, Novo Nordisk, H. Lundbeck, Merck, AstraZeneca and Johnson & Johnson.
ChemoMetec was founded in 1997 and is listed on Nasdaq OMX Copenhagen. For further information, go to www.chemometec.com.
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