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Gamma Biosciences has announced an agreement with Biotage AB, where Biotage will acquire Gamma's operating company, Astrea Bioseparations. This acquisition aims to create a global chromatography leader, enhancing Biotage's product offerings in the bioprocessing sector. The deal involves an enterprise value of approximately $190M in Biotage shares and up to $45M in milestone payments. Gamma will inject around $25M into Astrea, positioning KKR as Biotage's largest shareholder with 17% ownership. The transaction awaits shareholder approval and customary closing conditions.
Biotage, a global impact tech company based in Uppsala, Sweden, has announced new financial goals. The company has raised its organic sales growth target from 8% to 12% and its profitability target from 15% (EBIT) to 25% (EBITA) over three-year rolling periods, reflecting strong business performance. Biotage reported sales of 1,232 MSEK in 2021 and operates in over 80 countries, focusing on solutions for drug discovery, diagnostics, and environmental testing.
On February 11, 2022, Biotage corrected a typo in its dividend proposal for 2021, raising the amount from 1 krona and 50 öre to 1 krona and 55 öre as aligned with its full year-end report. This adjustment emphasizes the company’s commitment to rewarding shareholders accurately. Biotage reported sales of 1,232 MSEK in 2021 and serves over 80 countries. The company is focused on sustainable solutions across drug discovery, analytical testing, and environmental sectors, aiming to contribute positively to society.
Biotage reported strong growth for 2021, with net sales reaching SEK 1,232 million, a 12.7% increase. The fourth quarter saw net sales of SEK 341 million, a 14.5% rise. Operating profit improved to SEK 271 million for the year, with an operating margin of 22.0%. The company successfully acquired ATDBio, enhancing its offerings. Although the operating margin for Q4 slightly decreased to 18.0% due to acquisition costs, the adjusted margin was 20.7%. Biotage plans to propose a SEK 1.55 dividend per share, reflecting strong cash flow.
Biotage has been included in Nasdaq Stockholm's Large Cap segment as of January 3, 2022, indicating a market capitalization exceeding EUR 1 billion. The company offers innovative solutions in drug discovery, analytical testing, and environmental testing, emphasizing sustainable practices. CEO Tomas Blomquist highlighted this achievement as a reflection of the company's commitment to value creation for stakeholders. Biotage reported sales of 1,092 MSEK in 2020 and operates in over 70 countries with approximately 485 employees.
Biotage AB announced the issuance of 243,252 new class C shares as part of the LTIP 2021 incentive program from April 28, 2021. This issuance increases the total shares to 66,470,340, comprising 65,983,775 ordinary shares and 486,565 class C shares, with total votes reaching 66,032,431.5. The new registered share capital stands at SEK 92,393,772.60. This information is disclosed under the Swedish Financial Instruments Trading Act.
Biotage has announced the issuance and immediate repurchase of 243,252 class C shares as part of its LTIP 2021 incentive program, authorized by the Annual General Meeting on April 28, 2021. Danske Bank will subscribe for these shares at SEK 1.39 each, which will then be repurchased by Biotage at the same price. The purpose is to ensure delivery of shares to program participants and cover associated social contributions. The class C shares carry no dividends and have limited voting rights.
Biotage AB announced the issuance of 781,991 new ordinary shares in October 2021 as part of the acquisition of ATDBio Limited. This increased the total number of outstanding shares to 66,227,088, which includes 65,983,775 ordinary shares and 243,313 class C shares. The total voting rights now stand at 66,008,106.3, with a registered share capital of SEK 92,055,652.32. The company reported sales of 1,092 MSEK in 2020 and operates in over 70 countries.
Biotage AB reported strong financial results for the third quarter of 2021, with net sales reaching SEK 305 million, a 16.3% increase compared to last year. Operating profit was SEK 68 million, yielding an operating margin of 22.3%. For the first nine months, net sales totaled SEK 890 million, a 12.1% increase, with earnings per share at SEK 2.44. The company aims for continued growth, evidenced by the acquisition of ATDBio, and maintains a healthy cash flow of SEK 249 million. However, challenges due to pandemic-related supply chain issues persist.
