Eppendorf AG records strong first half-year 2020
Coronavirus pandemic drives demand for consumables and pipetting robots
The globally active Eppendorf Group was once again able to increase its consolidated revenue in the first half of 2020. Despite the global restrictions necessitated by the coronavirus pandemic, revenue grew by 6.6% to €403.7 million (prior-year: €378.5 million). Operating profit (EBIT) in the first half of the year remained at around the same
high level of 2019, amounting to €65.5 million against €66.7 million in the previous year. This was as expected given the extensive and ongoing investment in growth and technology at the Group’s global locations. The EBIT margin amounts to 16.2% (prior year: 17.6%).
High-tech consumables from Eppendorf support laboratories worldwide in the fight against COVID-19.
Eppendorf AG
“We’re extremely pleased with the way our business has developed in the first six months of this year,” says Eva van Pelt, Co-CEO of Eppendorf AG. “The growth we achieved stems primarily from the sharp rise in demand for products from our Liquid Handling, Automation and Consumables units. These units manufacture pipettes, consumables and pipetting robots, which are needed both in the area of diagnostics – to perform coronavirus tests, for example – and in the development of vaccines and drugs.”
The Eppendorf Group’s business performance in the first two quarters of 2020 was directly affected by the coronavirus-related restrictions on business in the individual countries, the closure of research facilities and universities and the global lockdowns. These factors also had an impact on the supply situation at Eppendorf’s production sites.
“In the early months of this year, which were affected most severely by the pandemic, we reacted promptly and ensured that we could maintain our global material availability,” explains Dr. Peter Fruhstorfer, Co-CEO at Eppendorf AG. “To this end, we implemented a highly detailed process to permanently monitor the supply chains and evaluate the suppliers’ ability to deliver. That worked very well, ensuring that our production was up and running at all times and that our products were available for use in the fight against the coronavirus.”
At present, Eppendorf is significantly expanding the production capacity at its facility in Oldenburg in Holstein, Germany. This is where the company produces high-quality consumables for laboratories and research institutes around the world. Through the construction of two additional production halls, Eppendorf will increase its total capacity there by around 30% as of 2021. The first hall has already been in operation since May, while production in the second hall is scheduled to start in September.
Outlook
Since it is impossible to predict how the global economy will develop in the coming months, no reliable statement can be made on the further course of the financial year. However, the Management Board believes that the strong demand seen to date will persist until the end of this year and that the product groups that are currently the focus of attention will continue to attract great interest. Against this backdrop and given the positive development in the first half of the year, the Group anticipates that its revenue and profit will be on par with the previous year, assuming that the exchange rates remain relatively stable. In 2019, these figures stood at €803.9 million (revenue) and €144.2 million (EBIT).
Other news from the department business & finance
These products might interest you
SepsiTest™-UMD CE IVD by Molzym
Make yourself independent: 16S/18S PCR for pathogen identification
Fast and precise detection of bacteria and fungi in blood/body fluids and tissue
SureSTART Vials and Well Plates by Thermo Fisher Scientific
SureSTART autosampler vials for all chromatography applications and budgets
3 performance level: Easily select products suited to your analytical, performance or value needs
Micro-Dx™ CE IVD by Molzym
Fully automated from sample to PCR analysis
Rapid identification of bacteria and fungi without time-consuming cultivation
Greener Alternative Products by Merck Life Science
Sustainable laboratory products for environmentally conscious research
Over 2,500 ecological alternatives to reduce your laboratory footprint
Starlab product guide by STARLAB
From pipette tips to centrifuges - laboratory equipment for every need
Discover the Starlab product range now!
Ksep® Consumable Kits by Sartorius
Ksep® Kits: Cell clarification and harvesting made easy
Automated solutions for higher yield and quality in bioprocessing
Sartobind® Rapid A by Sartorius
Efficient chromatography with disposable membranes
Increase productivity and reduce costs with fast cycle times
Consumables & Instruments by Azenta
Azenta's Sample Consumables and Instruments
Improve sample tracking, ensure sample integrity, and drive process efficiency
Get the life science industry in your inbox
From now on, don't miss a thing: Our newsletter for biotechnology, pharma and life sciences brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.
Most read news
More news from our other portals
See the theme worlds for related content
Topic world Pipetting
Pipetting is one of the most basic yet critical techniques in the laboratory. It enables the precise and controlled transfer of liquids, which is essential for accurate measurements and reliable results. Whether in DNA analysis, cell culture or biochemical assays, correct pipetting significantly influences the quality of the results.
Topic world Pipetting
Pipetting is one of the most basic yet critical techniques in the laboratory. It enables the precise and controlled transfer of liquids, which is essential for accurate measurements and reliable results. Whether in DNA analysis, cell culture or biochemical assays, correct pipetting significantly influences the quality of the results.
