Year-End Report 2001

YEAR-END REPORT 2001 Biacore's sales in the fourth quarter of 2001 increased by 6% to SEK 175.0 million (165.3). For the full-year 2001, sales increased by 24% to SEK 543.7 million (438.8). Biacore continued its strategy of investing in developing its successful business with the pharmaceutical and biotechnology industries, as well as the commercialization of its unique SPR array chip technology. As a result of these investments and a one-off pension cost in the fourth quarter, full year earnings per share fell by 16% to SEK 5.04 (6.02). Earnings per share in the last quarter fell to SEK 1.68 (2.80). Excluding the one-off cost, earnings per share amounted to SEK 6.32 for the full-year and SEK 2.97 in the last quarter 2001. Biacore®S51, the Company's first new high-performance system for lead optimization and certain specific ADME applications, has been well accepted by the market with sales made to a number of companies including Millennium and Roche. Biacore signed an important collaboration with Bruker Daltonics Inc., which is designed to commercialize the combination of SPR and mass spectrometry for functional proteomics applications. Dr Ulf Jönsson was appointed Chief Executive Officer of Biacore International AB effective January 1, 2002. As of the same date, Lars- Göran Andrén, Biacore's previous Executive Chairman and CEO, became the Company's Non-Executive Chairman. · Biacore is confident about its future growth prospects and expects its sales to increase by approximately 20% in 2002, with substantial quarterly variations. After substantial investments during 2001, combined marketing and administration costs are expected to increase by no more than 10% in 2002. In addition to the Company's on-going level of R&D spending, which is targeted at 15% of sales, Biacore plans to invest in the region of SEK 35 million in 2002 on commercializing its SPR array chip technology. · ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/21/20020221BIT00100/bit0002.doc The Full Year-End Report http://www.waymaker.net/bitonline/2002/02/21/20020221BIT00100/bit0002.pdf The Full Year-End Report