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BB Biotech AG
Earnings Release • Oct 11, 2018
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Earnings Release
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News Details
Ad-hoc | 11 October 2018 18:05
BB Biotech AG reports preliminary results
BB BIOTECH AG / Key word(s): Profit Warning/Quarter Results
BB Biotech AG reports preliminary results
11-Oct-2018 / 18:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Media Release, October 11, 2018
BB Biotech AG reports preliminary results
In accordance with regulations on ad hoc publicity, BB Biotech AG is releasing the following information about its results of the interim financial statements as of September 30, 2018.
Based on preliminary unaudited consolidated results, BB Biotech AG reports for the nine months period ended September 30, 2018 a profit of CHF 172 million (CHF 843 million in the corresponding period of the previous year). In the third quarter a profit of CHF 242 million (profit of CHF 365 million in the corresponding period of the previous year) was incurred. As an investment company, the result reflects the performance of the stocks it holds in its investment portfolio.
Since beginning of the year, BB Biotech’s share price increased 16.8% in CHF and 18.4% in EUR.
The interim report as of September 30, 2018 will be published on October 19, 2018.
For further information:
Investor Relations
Bellevue Asset Management AG, Seestrasse 16, 8700 Küsnacht, Switzerland, tel. +41 44 267 67 00
Dr. Silvia Siegfried-Schanz, [email protected]
Maria-Grazia Iten-Alderuccio, [email protected]
Claude Mikkelsen, [email protected]
Media Relations
Bellevue Asset Management AG, Seestrasse 16, 8700 Küsnacht, Switzerland, tel. +41 44 267 67 07
Tanja Chicherio, [email protected]
Company profile
BB Biotech invests in companies in the fast growing market of biotechnology and is one of the world’s largest investors in this sector. BB Biotech is listed in Switzerland, Germany and Italy. Its investments are focused on listed companies that are developing and commercializing novel medical treatments and cures. BB Biotech’s investment selection process is guided by the fundamental research and analysis of physicians and molecular biologists. Its Board of Directors has many years of experience in industry and science.
11-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | BB BIOTECH AG |
| Schwertstrasse 6 | |
| 8200 Schaffhausen | |
| Switzerland | |
| Phone: | +41 52 624 08 45 |
| E-mail: | [email protected] |
| Internet: | www.bbbiotech.ch |
| ISIN: | CH0038389992 |
| WKN: | A0NFN3 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; SIX |
| End of Announcement | DGAP News Service |