Vitrolife operating income increases 3% to SEK 25 million for January to September 2010

VitrolifeNov 2 2010

Vitrolife (STO:VITR):

Good underlying growth with continuing strategic investments and improved potential for growth.

The period in brief

· Growth in local currency was 13 percent. Sales amounted to SEK 217 (207) million, corresponding to an increase of 4 percent in SEK.

· Operating income before research and development costs increased by 11 percent and amounted to SEK 58 (53) million.

· Operating income (EBIT) increased by 3 percent and amounted to SEK 25 (24) million. The operating margin was 11 (11) percent. Adjusted for one time-time expenses of SEK 2 million reagarding the acquisition of Conception Technologies (see below "After the end of the period"), the operating income increased by 10 percent and amounted to SEK 26 (24) million

· Net income amounted to SEK 30 (23) million.

· Dividend paid SEK 0.50 (0.40) per share.

Third quarter

· Growth in local currency was 11 percent. Sales amounted to SEK 68 (65) million, corresponding to an increase of 4 percent in SEK.

· Operating income before research and development costs were in principle unchanged compared to the previous year and amounted to SEK 17 (17) million.

· Operating income (EBIT) decreased by 18 percent and amounted to SEK 6 (7) million. The operating margin was 9 (11) percent. Adjusted for one time-time expenses of SEK 1 million reagarding the acquisition of Conception Technologies (see below "After the end of the period"), the operating income remained unchanged compared to the same period last year and amounted to SEK 7 (7) million.

· Net income amounted to SEK 11 (7) million, which gave earnings per share of SEK 0.55 (0.37).

· The operative cash flow was SEK 7 (15) million.

· New study shows better survival with Perfadex.

· Launch of new generation of growth factors and cytokines for stem cell cultivation.

· Development of new supplementary product series of laboratory accessories for fertility treatment together with HertART.

After the end of the period

· Acquisition of products and manufacturing unit from Conception Technologies Inc, San Diego, USA. This means for Vitrolife a broadening of the fertility product line and increasing the market position above all in North America.