Biome Technologies PLC

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BiomeTechnologies Publishes Preliminary Results for 2016 Wednesday, 29th March 2017

Biome Technologies plc announces its Preliminary Results for the year ended 31 December 2016.

Highlights

  • Group revenues in 2016 of £4.6m (2015: £4.9m)
  • Group EBITDA of £0.2m (2015: EBITDA loss of £0.3m), including one-off benefit of £0.4m settlement incomeGross margin improvement resulting in reduced EBITDA loss, on a like-for-like basis, to a loss of £0.2m (2015: loss £0.3m), excluding settlement income
  • Gross margin increased to 51% (2015: 43%)
  • Group cash position at 31 December 2016 of £1.5m (31 December 2015: £1.6m), excluding £0.45m received under the settlement agreement following the period end

 Paul Mines, Chief Executive Officer said:

 "The Group delivered a solid performance in 2016 and has carried significant momentum into 2017. Within the Stanelco RF division the order book is robust and also has a strong enquiry pipeline to support our aims. The Biome Bioplastics division has made significant progress in the launch of its filter material and the Board expects this new product to move into the commercialisation phase in 2017.  

The Group's cash position remains robust and the Board remains confident in the Group's outlook for 2017.”

Biome Technologies Publishes Interim Results for H1 2016 Tuesday, 30th August 2016

The interim results can be found here

Biome Technologies Publishes Annual Report for 2015 Thursday, 31st March 2016

The annual report for 2015 can now be found here.

Biome Technologies Pre-Close Announcement Tuesday, 26th January 2016

Biome Technologies plc’s pre-close trading statement for the financial year ended 31 December 2015 is set out below.

Group revenues for the year reached £4.9m, a 37% increase on the revenues of £3.6m reported for 2014.

The Group made a small profit before interest, tax, depreciation, amortisation, and incentive scheme charges in the second half of 2015 (based on unaudited management accounts). This builds on the achievement of meeting this long term strategic KPI on a similar basis for the first time in the third quarter of 2015. 

Revenues in the Bioplastics division reached £1.9m, an increase of 29% on the 2014 revenue of £1.4m. A new temperature resistant material is now in its commercialisation phase and is providing an additional revenue stream.

The RF division finished the year strongly and achieved full year revenues of £3.0m, a 42% increase on the 2014 revenue of £2.1m. This revenue growth was achieved across a broader spread of equipment types than in previous years. A robust order book for the first half of 2016, including the previously announced delivery of the advanced analytical equipment to a regulated industry, is in place.

The Group's cash position at 31 December 2015 was £1.6m (30 September 2015: £1.7m).

Consequently, the Board expects the financial performance for the full year of 2015 to be above the market’s current expectations. Trading in 2016 has started in an encouraging manner.

The preliminary results for the year ended 31 December 2015 are scheduled to be published on 30 March 2016.

Biome Technologies Interim Results Announced Tuesday, 1st September 2015

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