Bavarian Nordic (BAVA.CO) - Interim Financial Report for the Period 1 January to 31 March 2013
5/16/2013 9:56:12 AM
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KVISTGAARD, Denmark, May 16, 2013 - Bavarian Nordic A/S (OMX: BAVA) today
publishes its first quarter 2013 results. Revenue for the period was DKK 206
million (2012: DKK 168 million) and the result before tax was a loss of DKK 41
million (2012: DKK 35 million loss). The Infectious Disease division remains
profitable with an EBIT of DKK 38 million in the period (2012: DKK 47 million).
After receiving payments related to the new delivery contract, awarded by the
U.S. Government in April 2013, the cash preparedness was DKK 694 million at the
beginning of May 2013, including unutilized credit lines of DKK 120 million. The
company has research and delivery contracts with the U.S. Government of which
payments of USD 393 million (approx. DKK 2.2 billion) remain by the reporting
date. The company maintains its 2013 full-year expectations with revenues in the
level of DKK 1,100 million and a break-even result before tax. The cash
preparedness at year-end is expected to be roughly DKK 600 million.
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