• Solid 7% sales growth in 2015 (€266m)
• Strong EBITDA growth with a 15% increase to €31m
Lyon Gerland, France, March 2, 2016 - Novasep, a leading supplier of manufacturing solutions for the life science industries, has presented a successful second year of its ‘backs to basics’ strategy and provided preliminary financial results for the year ending December 31, 2015.
Over this two-year period, the company has made several key moves that have resulted in substantial successes:
• Announcement of strategic investments with the largest chromatography plant in the world to produce pharmaceutical OMEGA-3 (completed end 2014) and an antibody-drug conjugate (ADC) production plant (to be completed in 2016)
• Successful sales process reorganization to favor the acquisition of strategic projects
• Successful development of the biopharma CMO in the immunotherapy and vaccines business
• Large-scale project wins confirming the success of the Complete Process Line strategy in industrial biotech
• Divestment of the Pharmachem plant, significantly de-risking the business
After two years, the strategy has already yielded fruitful outcomes:
• 7% sales growth to €266m in 2015
• 3% increase in EBITDA margin rate (8.5% to 11.5%)
Commenting on these achievements, Michel Spagnol, chairman and CEO of Novasep said: “Looking back on the past two years, it is clear that Novasep has made impressive progress. The business acquisition dynamics are our most significant achievement and they will continue to drive growth in 2016. Thanks to our strategic investments and the solid basis we established through the reorganization of our sales, we are confident that we will be able to continue this positive trend over the coming years.”
Prospects for 2016
For the current year 2016, thanks to its robust backlog, Novasep anticipates further revenue growth in Synthesis, a continuation of the strong revenue level achieved by Biopharma in 2015 and a rebound of Industrial Biotech revenue to historic levels.
Looking ahead, Novasep will fuel further growth momentum by capitalizing on its four-pillar strategy: developing traditional markets, expanding in geographical areas featuring strong market dynamics, developing the technology portfolio and integrating a full range of services for each market.
About Novasep
Novasep is a global provider of cost-effective and sustainable manufacturing solutions for life sciences molecules and fine chemicals. Novasep’s unique offering includes process development services, purification equipment and turnkey processes, contract manufacturing services and complex active molecules to serve pharmaceutical, biopharmaceutical, fine chemical, food and functional ingredients as well as fermentation and chemical commodities industries.
http://www.novasep.com
