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  5. Bioquell profits hit by problematic December

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Bioquell profits hit by problematic December

Mon, 14th Jan 2013 12:11

Bioquell, a company which provides specialist bio-decontamination technologies to a range of markets, has admitted it suffered a 'slight shortfall' at the end of the year in orders expected for immediate shipment to Life Sciences customers based in continental Europe.As a result, full year revenue is now expected to be £41.0m, compared to £41.3m in 2011. The company also said it decided not to ship a number of orders before the year end from customers in the emerging markets because it was "unable to satisfy ourselves as to the robustness of the associated credit arrangements".The group added: "In addition, our defence invoicing in 2012 was held back at the very end of the year on one large defence contract due to slippage on matters unrelated to Bioquell's activities. Our business is highly operationally geared and such a reduction in revenues has a significant effect on our profitability. "We estimate that the aggregate revenue effect relating to these matters will be approximately £0.9m."Aside from this, the group has begun 2013 with a 12% increase in its opening order book of £17.2m (2011: £15.4m), with no significant change year-on-year in the defence order book. The Bio-decontamination division order book totalled £12.3m (72% of the total order book) and TRaC represented £4.9m (28%). In 2012, the group took orders worth £44.6m, up slightly from £44.4m in 2011, with an 'encouraging' performance from TRaC, where orders rose 18%, and revenues climbed 11%. Both orders and revenues hit a monthly record in December. Investec moved its target price from 137p to 130p and retained its hold rating on the stock. The share price fell 7.81% to 147.50p by 12:30.NR
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14 Jan 2019 13:12

Bioquell Takeover By US Ecolab Granted Court Approval

LONDON (Alliance News) - Bioquell PLC said Monday its GBP140.5 million takeover by US water, hygiene and energy technology giant Ecolab Inc has received a court order approving the said the on the

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3 Jan 2019 15:59

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30 Nov 2018 12:55

EXTRA: Bioquell Accepts Takeover Offer From US Hygiene Giant Ecolab

LONDON (Alliance News) - British decontamination solutions provider Bioquell PLC on Friday said it has agreed to a GBP140.5 million takeover offer from Ecolab US 2 Inc, part of water, hygiene and

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30 Nov 2018 08:56

LONDON MARKET OPEN: Miners Send FTSE 100 Lower After Weak Chinese Data

LONDON (Alliance News) - Stocks in London opened broadly lower, with miners weighing on the FTSE 100, as investor attention shifts to the G20 Summit getting underway in Buenos Aires.The FTSE 100 A

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30 Nov 2018 08:49

Bioquell surges on offer from Bill Gates-backed Ecolab

(Sharecast News) - Bioquell shares surged on Friday as it agreed to be bought by US hygiene company Ecolab for £140.5m.

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30 Nov 2018 07:59

Bioquell Agrees GBP141 Million Merger With US Firm Ecolab

LONDON (Alliance News) - Decontamination solutions provider Bioquell PLC said Friday it has agreed to a GBP140.5 million merger offer from Ecolab US 2 Inc, a unit of US-based water, hygiene and a

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30 Nov 2018 07:38

LONDON MARKET PRE-OPEN: Ecolab To Acquire Bioquell For GBP141 Million

LONDON (Alliance News) - Stock prices in London are seen opening marginally lower on Friday as investors await a meeting of US and Chinese leaders at the G20 summit.IG futures indicate the FTSE is

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24 Jul 2018 10:41

Bioquell Half-Year Profit Surges After Sale Of Non-Core Business

LONDON (Alliance News) - Bio decontamination solutions provider Bioquell PLC said Tuesday that its profit for the first half of 2018 increased 41%, as it disposed of its non-core defence were 8.4%

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25 May 2018 12:28

Bioquell Sells Non-Core MDH Defence Unit For Up To GBP1.0 Million

LONDON (Alliance News) - Bioquell PLC on Friday said it sold its MDH Defence business for an initial consideration of GBP400,000.The pharmaceutical company said it can get a further payment

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23 Apr 2018 13:44

Bioquell Trading In Line As Progress Continues Despite Currency Drag

LONDON (Alliance News) - Infection control firm Bioquell PLC said Monday its trading remained in line amid "further progress" despite the strengthening of the pound acting as a at annual

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7 Mar 2018 13:39

Bioquell Profit Jumps As It Moves Focus Onto Core Operating Division

LONDON (Alliance News) - Bio-decontamination product maker Bioquell PLC on Wednesday reported a sharp increase in profit for 2017, with revenue also up, as it main division to

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24 Aug 2016 15:41

Bioquell lifts H1 profit, restructures management

(ShareCast News) - Bioquell has booked a first-half pre-tax profit of £378,000, from a profit of £69,000. Revenue slipped to £12.1m, from £12.5m. It cited cost reduction for the improved profitability as it implemented several management changes. It said, following a strategic review, that sharehold

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13 Jun 2016 15:02

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8 Jun 2016 14:24

Bioquell Chairman To Be Replaced By Cyprotex Chairman Ian Johnson

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3 Jun 2016 15:03

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