PolyPeptide expects the market environment to remain favorable throughout the remainder of the year. Against the backdrop of its first-half 2021 performance and to meet the enhanced capacity requirements, it raises its full-year guidance for 2021 to revenue growth of around 25% (previously 16% to 18%), adjusted EBITDA margin of around 32% (around 28%) and capital expenditures as percent of revenue of slightly above 20% (around 17%).

Over the medium term, the group continues to expect revenue growth in the low teens with an adjusted EBITDA margin of around 30%. With the proceeds from the IPO, PolyPeptide believes that it is well positioned to grow through a strong focus on innovation, new state-of-the-art infrastructures and accelerated organic growth, complemented by bolt-on M&A, subject to suitable opportunities.

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