Interim report January – September 2018: High profitability and strengthened offer

Third quarter:

  • Sales amounted to SEK 284 (246) million, corresponding to an increase of 15 percent in SEK. Sales increased by 7 percent in local currency and consisted of organic growth.
  • Operating income before depreciation and amortisation (EBITDA) amounted to SEK 121 (98) million, corresponding to a margin of 43 (40) percent. Fluctuations in exchange rates positively impacted EBITDA by SEK 11 million.
  • Net income amounted to SEK 75 (65) million, which gave earnings per share of SEK 0.69 (0.60).

January-September:

  • Sales amounted to SEK 831 (775) million, corresponding to an increase of 7 percent in SEK. Sales growth was 3 percent in local currency and consisted of organic growth.
  • Operating income before depreciation and amortisation (EBITDA) amounted to SEK 343 (305) million, corresponding to a margin of 41 (39) percent. Fluctuations in exchange rates positively impacted EBITDA by SEK 22 million.
  • Net income amounted to SEK 227 (196) million, which gave earnings per share of SEK 2.08 (1.80).
  • Acquisition of licensing rights to technology for embryo transfer.
  • Market approval for EmbryoScope in China.
  • Market approval for EmbryoScope+ in the US.
  • Share split 5:1 carried out in line with the resolution adopted at the Annual General Meeting.
  • Collaboration agreement with GE Healthcare regarding joint educational activities for IVF clinics.

After the end of the period:

  • Licensing and commercialisation agreement with Illumina Inc., regarding preimplantation genetic testing. Under the agreement, Vitrolife has made a one-time payment to Illumina of USD 13 million.

Gothenburg, November 6, 2018
VITROLIFE AB (publ)
Thomas Axelsson, CEO

Queries should be addressed to:
Thomas Axelsson, CEO, tel 46 31 721 80 01
Mikael Engblom, CFO, tel 46 31 721 80 14

This information is information that Vitrolife AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8.30 am CET on November 6, 2018.

This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.

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Vitrolife is an international medical device Group. Vitrolife develops, produces and markets medical devices for assisted reproduction.

Vitrolife has approximately 370 employees and the company's products are sold in about 110 markets. The company is headquartered in Gothenburg, Sweden, and there are also offices in Australia, Belgium, China, Denmark, France, Germany, Italy, Japan, United Kingdom and USA. The Vitrolife share is listed on NASDAQ Stockholm.

Vitrolife AB (publ), Box 9080, SE-400 92 Göteborg, Sweden. Corporate identity number 556354-3452. Tel: 46 31 721 80 00. Fax: 46 31 721 80 99. E-mail: info@vitrolife.com. Website: www.vitrolife.com/

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About Us

Vitrolife is an international medical device Group. Vitrolife develops, produces and markets products for assisted reproduction. Vitrolife has about 390 employees and the company’s products are sold in about 110 markets. The company is headquartered in Gothenburg, Sweden, and there are also offices in Australia, Belgium, China, Denmark, France, Germany, Italy, Japan, United Kingdom and USA. The Vitrolife share is listed on NASDAQ Stockholm.