Eppendorf Continues on Course for Success
The Eppendorf Group successfully ended fi scal year 2016 with Group sales of €651.5 million (prior year: €629.1 million) and revenue growth of 3.6% (4.8% when adjusted for currency effects). Income from operations (EBIT) climbed 17.1% to €139.6 million (prior year: €119.3 million), amounting to an EBIT margin of 21.4% (prior year: 19.0%).
The Asian market and the services segment in particular contributed to this good result. During the reporting year, Eppendorf signifi cantly increased expenses for research and development to €34.8 million (prior year: €31.9 million). In addition, the company expanded its global service and sales presence, among other things through the acquisition of a company in Ireland.
“Once again, we can look back on a good fi scal year. We want to continue developing dynamically and are currently working on a variety of measures to ensure we achieve profi table growth in the future as well,” said Thomas
Bachmann, President & Chief Executive Offi cer of Eppendorf AG. “In addition to carrying out various internal projects, we took the step early this year, for instance, of acquiring a controlling interest in the Dutch company Bio-ITech B.V. after working closely with them last year on device and data networking.”
In 2017, the company will continue to focus on product and application development as well as on the ongoing expansion of its sales, development and production sites.
You will fi nd the Eppendorf AG 2016 Annual Report at: corporate.eppendorf. com/en/company/annual-report/
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Irish Company’s Operations Unchanged Following Acquisition
Eurolec as a brand and trading name will continue with the company’s existing head offi ce remaining in Dundalk, County Louth. Its chain of distributors will also be unaffected.
Coinciding with the handover, Eurolec founder and Managing Director Tom Mears will be retiring after a fi ve-decade career in the sector and 19 years since establishing the company. Chris Mears has been appointed the new MD, formerly heading up the company’s sales & marketing. The rest of the Eurolec team has remained unchanged by the buy-out said the company.
“This is a new chapter for the company but we have inherited a strong legacy from Tom and a great platform to build upon,” said Daren Wallis, Scientifi c Measurements Director.
Chris Mears and Daren Wallis
Trading at Eurolec Instrumentation has maintained its normal routine following integration into global instrumentation group Scientifi c Measurements Pte Ltd, parent company to Cirrus Research and Acoustic Instruments International and which has more than 40 years’ experience in the sector.
“Scientifi c Measurements as a company has an unrivalled track record of innovation and product development and we want to put that experience into play with Eurolec’s temperature and pressure gauge products. The ranges are an ideal fi t for our current product portfolio and the Eurolec team will be able to enjoy the added benefi ts of our R&D and global sales & marketing team behind them.”
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Data Accelerator to Boost European Startups and SME’s
The University of Southampton is to lead a new European-funded project that will bring together established businesses and startups to meet today’s challenges with data.
Data Pitch will provide up to 50 European startups and Small and Medium- sized Enterprises (SMEs) with world-class business support including: up to €100k equity free funding, expert mentoring, investment opportunities, and access to data from established businesses and the public sector.
Overall the European Commission has committed €7.1 million into data driven innovation and €4.8 million to directly fund startups and SMEs.
The three-year project will be delivered by The University of Southampton, the Open data Institute, Portuguese innovation company Beta-i and French data marketplace platform Dawex. It is funded by the European Union’s Horizon 2020 research and innovation programme.
Data Pitch is also recruiting established businesses and other organisations to share their data via a new secure data innovation lab, based at the University of Southampton. These businesses will also help defi ne the challenges along with the Data Pitch team and a wide range of experts from across industry sectors including agriculture and health. Startups will be given the chance to use this new data to address the challenges by developing innovative products and services.
Startups and SMEs will be able to apply for a place on Data Pitch from 1 July 2017. Successful startups will be selected in October and November 2017, and the fi rst cohort will join in December 2017. Each startup will be on the programme for six months.
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