DGAP-News: Sales growth in core markets further increases margins for Vita 34
DGAP-News: Vita 34 AG
/ Key word(s): Quarterly / Interim Statement
Sales growth in core markets further increases margins for Vita 34
"In the past quarter, we once again demonstrated that Vita 34 is in the meantime highly profitable in its core business, but is also growing. We have everything a growth company needs to bring with it," Falk Neukirch, Chief Financial Officer of Vita 34 AG, explains. "Healthy growth in its core markets, an efficient and profitable structure and sufficient liquidity to continue to succeed in its traditional and new markets."
As previously announced, Vita 34 plans to further consolidate and expand its successful market position in Europe with the launch of new product lines. In the past quarter, the company has accordingly further specified its milestone planning for the new product immune cell isolate for perspective application in the context of existing and future cell-based therapies. "Cell-based therapies rely on consistently high quality of the starting products. We know the high market entry barriers in this area and have therefore analyzed these with particular care. After extensive preparations, we will test our cell isolation process and the immune cells derived from it in the first half of 2020 in in vitro studies," explains Dr. Wolfgang Knirsch, CEO of Vita 34. "We expect the successful completion of this development step by the end of next year. In vivo studies will follow, but are not the basis for our official product launch and market entry, but an important building block for the sustainable success of the new product line. We are optimally prepared technologically, in terms of personnel and financially to successfully master all the challenges ahead of us."
For further information on current business developments, the Management Board and Investor Relations are always available for further discussions. Further information on the company, the current company presentation as well as the detailed quarterly statement can be found in the Investor Relations section of the Vita 34 AG website at https://www.vita34.de/investor-relations/.
Vita 34 AG
Phone: +49 (0341) 48792 - 40
Mobile: +49 (0174) 9091190
Vita 34 was founded in Leipzig in 1997 and is today one of the leading cell banks in Europe. As the first private umbilical cord blood bank in Europe and a pioneer in cell banking, the company has since then been a complete provider of cryopreservation services for the collection, processing and storage of stem cells from umbilical cord blood and umbilical cord tissue. Based on the expansion of the business model in 2019, Vita 34 intends to also offer the storage of immune cells from peripheral blood as well as from endogenous fat and stem cells contained therein in the future. Endogenous cells are a valuable source of medical cell therapy and are kept alive at temperatures as low as minus 200 degrees Celsius to be used as part of a treatment when needed. More than 230,000 customers from more than 20 countries have already provided for their family's health with a cell depot at Vita 34.
|Company:||Vita 34 AG|
|Deutscher Platz 5a|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||917511|
|End of News||DGAP News Service|