Biotage: Interim Report January - March 2007.STOCKHOLM, Sweden -- Biotgae: (STO:BIOTA) * Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in the first quarter amounted to 118.9 (120.6) MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner . At comparable exchange rates sales increased by 5%. * The operating result for the first quarter amounted to 7.2 (-12.2) MSEK. * The net result for the first quarter amounted to 7.2 (-20.8) MSEK and the result per share to 0.08 (-0.24) SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . * The cash flow from operating activities amounted to 14.2 (-11.6) MSEK. * Net sales in the last 12 months amounted to 517.8 MSEK and the operating result to 25.9 MSEK. * At the end of March the company introduced two new products at the congress of the ACS (Asynchronous Communications Server) See network access server. , the American Chemical Society The American Chemical Society (ACS) is a learned society (professional association) based in the United States that supports scientific inquiry in the field of chemistry. Founded in 1876 at New York University, the ACS currently has over 160,000 members at all degree-levels and in , in Chicago; a new, modified system for evaporation, V10 and SNAP, a newly developed series of consumables for purification, which were both received positively. * McMaster University McMaster University, at Hamilton, Ont., Canada; nondenominational; founded 1887. It has faculties of humanities, science, social sciences, business, engineering, and health sciences, as well as a school of graduate studies and a divinity college. and Biotage have signed an agreement regarding the development of a new chemistry platform which will enable a more efficient production within the areas of molecular imaging and therapy agents. These areas address new markets of interest to Biotage with the existing product portfolio. * In accordance with authorization from the Annual General Meeting on April 27, 2006 a global share option program for the Group's employees was approved. About Biotage Biotage is a global company active in life science research with strong technologies, a broad range of operations and a long-term view of the market. The company offers solutions, knowledge and experience in the areas of genetic analysis and medicinal chemistry. In 2005 business and products from the company Argonaut were acquired, further strengthening the product range in medicinal chemistry. The customers include the world's top 30 pharma companies, the world's top 20 biotech companies, and leading academic institutes. The company is headquartered in Uppsala and has subsidiaries in the U.S., Japan, UK, Germany and several other European countries. Biotage has 332 employees and had sales of 520 MSEK in 2006. Biotage is listed on the Stockholm stock exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. . Website: www.biotage.com This information was brought to you by Cision http://newsroom.cision.com |
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