Reconciliations

Revenue at constant currencies1

kEUR

2024

2023

 

 

 

Revenue at constant currency rates 1

336,653

332,192

Impact from changes in exchange rates compared to prior period

139

-11,820

Revenue reported (IFRS)

336,792

320,372

1 Revenue translated into the presentation currency, EUR, using the weighted average EUR currency exchange rate from the prior period.

Change in revenue

 

2024 vs 2023

2023 vs 2022

 

 

 

Change in revenue reported (IFRS) (%)

5.1%

14.0%

Change in revenue at constant currency rates (%) 1

5.1%

18.2%

1 The change is calculated as: (Current period's revenue at constant currencies) / (Prior period's revenue reported (IFRS)) - 1.

Coronavirus pandemic

kEUR

H1 2024

H2 2024

FY 2024

H1 2023

H2 2023

FY 2023

 

 

 

 

 

 

 

Revenue not associated with the coronavirus pandemic

135,043

201,749

336,792

130,327

184,221

314,548

Revenue associated with the coronavirus pandemic

1,507

4,317

5,824

Revenue reported (IFRS)

135,043

201,749

336,792

131,834

188,538

320,372

Revenue by business area, excl. coronavirus pandemic1 (2024 vs 2021)

kEUR

2024

2021

 

 

 

Commercial

218,644

115,120

Contract Manufacturing

174,175

89,600

Generics & Cosmetics

44,469

25,520

Development

118,148

167,006

Custom Projects, excl. revenue associated with the coronavirus pandemic

118,148

103,812

Revenue associated with the coronavirus pandemic

63,194

Revenue reported (IFRS)

336,792

282,126

1 According to Note 3 in the consolidated financial statements, the Group generates revenue that can be divided into three business areas. However, to discuss business drivers more concisely, revenue of the business areas Contract Manufacturing and Generics & Cosmetics has been combined into “Commercial revenue” in the table above, while revenue in the business area Custom Projects is labelled “Development revenue”.

Revenue by therapeutic area, excl. coronavirus pandemic (2024 vs 2021)

kEUR

2024

2021

 

 

 

Metabolic

133,363

62,219

Oncologic

56,245

40,189

Other, excl. revenue associated with the coronavirus pandemic

147,184

116,524

Revenue associated with the coronavirus pandemic

63,194

Revenue reported (IFRS)

336,792

282,126

Revenue by customer type, excl. coronavirus pandemic (2024 vs 2021)

kEUR

2024

2021

 

 

 

Large pharma

205,504

119,429

Biotech, excl. revenue associated with the coronavirus pandemic

91,968

66,710

Revenue associated with the coronavirus pandemic

63,194

Other

39,320

32,793

Revenue reported (IFRS)

336,792

282,126

Operating result to EBITDA

kEUR

2024

2023

 

 

 

Operating result (EBIT)

-7,364

-36,468

Depreciation, amortization and impairment charges (if any)

32,714

30,469

EBITDA

25,350

-5,999

Return on net operating assets (RONOA)1

kEUR

2024

2023

 

 

 

Operating result (EBIT)

-7,364

-36,468

Average 1 Net operating assets:

 

 

Total non-current assets (average)

395,420

343,349

Total current assets (average)

327,412

289,086

Cash and cash equivalents (average)

-81,992

-66,617

Total current liabilities (average)

-185,477

-136,251

Average 1 Net operating assets

455,363

429,567

Return on net operating assets (RONOA)

-1.6%

-8.5%

1 The average amounts are calculated as: (Current period's figures + prior period's figures) / 2.

Free Cash Flow

kEUR

2024

2023

 

 

 

Net cash flows from operating activities

89,399

36,485

Acquisition of intangible assets

-1,217

-3,836

Acquisition of property, plant and equipment

-85,751

-52,897

Free Cash Flow

2,431

-20,248

Net Cash

kEUR

2024

2023

 

 

 

Cash and cash equivalents

68,277

95,706

Interest-bearing liabilities (Total financial debt):

 

 

Interest-bearing loans and borrowings (Non-current)

-39,420

-49,087

Lease liabilities (Non-current)

-18,982

-18,869

Other financial liabilities (Non-current)

-9,508

-9,893

Interest-bearing loans and borrowings (Current)

-30,642

-41,253

Lease liabilities (Current)

-5,073

-4,453

Other financial liabilities (Current)

-1,266

-1,227

Interest-bearing liabilities (Total financial debt)

-104,891

-124,782

Net Cash / (debt)

-36,614

-29,076

Capital expenditures (Capex)

kEUR

2024

2023

 

 

 

Property, plant and equipment assets capitalized

86,777

51,993

Intangible assets capitalized

1,062

2,897

Capital expenditures (Capex)

87,839

54,890