BRAIN on growth track in the first half-year 2016/17

31-May-2017 - Germany

B.R.A.I.N. Biotechnology Research and Information Network AG published its financial results for the first half of fiscal year 2016/17.

Accordingly, during the reporting period from October 1, 2016, to March 31, 2017, the BRAIN Group grew its total operating performance by 3 percent from € 13.0 million to € 13.3 million. This development was driven mainly by the strong growth of the BioScience segment in the second quarter.

At the same time, revenues of BRAIN Group increased by 9 percent from € 11.2 million to € 12.1 million. The half-year EBIT was down from € -5.3 million to € -5.6 million mostly due to first quarter special items with no impact on liquidity. The BioIndustrial segment generated a positive EBIT contribution of € 0.2 million.

The operating cash flow developed positively, amounting to € -2.3 million compared to € -4.6 million in the previous year period.

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