GeneScan Europe AG increases revenues by 60% in first nine months of 2001

30-Nov-2001

GeneScan Europe AG (GEP, WKN: 586150) achieved revenues of T€ 12,242 in the first nine months of 2001, an increase of approximately 60% compared to T€ 7,861 for the same period of the previous year. Continued growth in all products and services has had a positive effect on margin development, with gross margin improved by 3 percentage points to 41% in the third quarter of 2001.

GeneScan Europe AG's business development was hindered in the third quarter of this business year by a general economic downturn, increased competition in the agro-food industry, as well as by supplier bottlenecks for analysis devices. Business development in the third quarter was below expectations at T€ 4,062 (previous year: T€ 3.055), but is somewhat acceptable when viewed in light of challenging market conditions. The agro-food division developed particularly well, achieving approximately T€ 8,716 of total revenues (previous year T€ 6,015) in the first nine months of this year.

The GeneScan Group's foreign revenue has developed positively again. The company achieved T€ 7,994 (two-thirds of total revenues) in revenues internationally (previous year: T€ 4,417, or 56%). Business development, particularly in the United States, benefited from consumers' increased demand for transparency regarding the use of genetically-modified organisms (GMO) in food and feed products.

https://www.chemeurope.com/en/news/6195/genescan-europe-ag-increases-revenues-by-60-in-first-nine-months-of-2001.html