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METabolic EXplorer — Earnings Release 2008
Feb 13, 2009
1519_iss_2009-02-13_1e99957c-5bc0-41eb-94bd-1ce06192a503.pdf
Earnings Release
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METabolic EXplorer 2008 Year-end & Fourth Quarter Revenues
Clermont-Ferrand, France, February 13th, 2009, 7.00 am
METabolic EXplorer (Euronext: METEX), is a green chemistry company that specializes in the development of bioprocesses for the production of chemical compounds used in a wide range of everyday products (paints, solvents, animal feed supplements, adhesives, textile fibres, resorbable surgical thread).
The group announces 2008 year-end and fourth quarter revenues.
Revenues
| IFRS - K€ | 2008 | 2007 |
|---|---|---|
| 1st quarter | 15 | 890 |
| 2nd quarter | 1 015 | 0 |
| 3rd quarter | 900 | 900 |
| 4rth quarter | 1 290 | 1 000 |
| Revenues | 3 220 | 2 790 |
For the full year 2008, METabolic EXplorer's revenues totalled 3.22M€, up 15.4% compared to 2007. Revenues from the fourth quarter 2008 totalled 1.29M€.
METabolic EXplorer notes that at its current stage of development, revenues are poorly representative of the overall value of the company and can vary widely from one financial period to the next. This year's revenues are almost exclusively from licences for two on-going technology programmes developed under partnership and subject to contractual payments based on advances and achievements of specific key steps in the evolution of the projects.
Next financial communication: 2008 Annual Results, Wednesday March 18th, 7AM
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About METabolic EXplorer - www.metabolic-explorer.com
METabolic EXplorer is a biological chemistry company which was created in 1999. The company's goal is to assist industrial manufacturing businesses to change the way they produce many everyday goods through novel production methods that do not rely on increasingly scarce oil-based petrochemical feedstocks.
METabolic EXplorer unique technical expertise provides industrial producers with attractive alternatives to today's expensive petrochemical processes by enabling them to use a range of renewable and sustainable raw materials. METabolic EXplorer is able to optimize the production yield of commercially important chemical intermediates from non-pathogenic bacteria by leveraging on the proven principle of industrial fermentation. These chemical intermediates are incorporated into the production of chemical compounds used in a wide range of everyday products - paints, solvents, adhesives, textile fibres, surgical thread and animal feed.
METabolic EXplorer is currently focusing its alternative biological solution (implemented via the development of its renewable fermentation-based bioprocesses) on the production of 5 products that have a combined end market value estimated at \$14 billion annually. The Company plans to use its unique technology for the production of these 5 products to bring them to market via non-exclusive industrial alliances and joint-ventures with chemical companies and renewable feedstock providers worldwide.
METabolic EXplorer is based in Clermont-Ferrand, France and is listed on NYSE EURONEXT PARIS (EURONEXT C, METEX).
For further information, please contact:
Press contacts:
ATTITUDE Corporate
Eric de Lambert-Reiner E-mail: [email protected] Tél.: +33 (0)1 49 70 43 42 / +33 (0)6 25 29 06 58
Emmanuelle Lapeyre
E-mail: [email protected] Tél.: +33 (0)1 49 70 43 43 / +33 (06) 15 88 62 09
Financial contacts:
METabolic EXplorer
Paul Michalet, Chief Financial Officer Email: [email protected] Tel: +33 (0)4 7333 4300
Citigate Dewe Rogerson
Agnès Villeret (Paris) or David Dible (London) Tel: +33 (0)1 53 32 78 95 / Tel: +44 (0)207 638 9571 E-mail: [email protected]