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spk_0: thank you very much and also with day and was compromised by told to one call for both the truth is years well as the truth it in biotech as always we would like to start with ah i'm highlighting some of the key achievement and results of the first order and run walk you through the ah key numbers up here in l a federal for these that for his group and then i will take over again for our blog as well as was a choice hit a biotech and before we start with the highlight i would like to remind everybody that some of the following statements are related to the future and therefore of course are based on some assumptions so that we can't take a guarantee for any of such huge oriented statement so let's start talking about the highlights of the first three months of two thousand and twenty two for the sentries group i think we really had a dynamic start into the year with double digit growth in failed as
spk_1: well as in earnings and that the case for both divisions we all the all have seen a healthy be modification or while at the same time as expected we recorded the normalization of the corona related effect as well as of ordering take development
spk_2: overall all i eat related to these are earlier or the placements that we had he particularly and of two thousand and twenty and then for the first couple of months in twenty one
spk_0: we have seen a the increase of profitability despite some epic headwinds and even though we have seen some higher costs for logistics that we have seen already partially last year but for some a duet of course we know or to see ah
spk_1: coming tweeting our costs i woke up as being fat expansion initiatives are on schedule
spk_0: and i think it also worth mentioning that we have been able to close to acquisition successfully other nothing new we have reported on that before but nevertheless i think ah a guy that had worth mentioning in regards to our what weapon busy with and what we have achieved during the last three a month for the full year we are confirming our forecast but of course at the same time we also have to to make the statement that the oval our global and in for sure have substantially increased and with that i would like now so high hand over to line up they shot him also look i'm everybody to the call my five
spk_3: as you mentioned not dynamic start really lead to a nice revenue increase of twenty five point four percent in constant currencies to it billion twenty five this the record quarter for us the first time that we actually correct two billion euro mark so great achievement here out of those twenty five percent growth
spk_0: approximately that's what two percentage points are related to the recently made acquisitions and the covert related revenue is really
spk_3: on previous your level of course you can do the math by doing that it's picks basically approximately one hundred million of that
spk_0: billion here is related to covert or didn't take em as expected and your him a mention as well as if normalizing this is a process that is in line with our expectations with a year a decrease on a group level of almost six percent to one point one two billion
spk_3: come and comment that a bit more detail they come to divisions because clearly the effects of by opposing lps are substantially different an underlying every get a amounts to and forty nine million dollars corresponds to an ab be a underlying it became margin of thirty want four point one percent an increase of em the point eight percentage points this is already including the increase oh that we're seeing in the logistics and then some raw materials but most likely not be the end of those increases and also includes some m f x headwind and the bigger than little for you there goes one it would expect within string seeing of dollar a day one that actually there would be some positive effect on the eve of the a that is true for the truth if you just have the hey extend translation on the piano and balance sheet but it was over compensated by some negative effects of our hedging that would not do and and non the course of business a p s earnings per share for the ordinary increased by thirty seven point six percent to yours forty four and for the press in one cent more by thirty seven point three percent to two forty five
spk_0: if you look at the regional distribution of our revenue we see that in the americas were able to
spk_3: increase or growth substantially once more by thirty two point six percent in constant currency to almost three hundred sixty million this was basically also fueled by the great performance of all by analytical a business on the lp at site but of was bps also performed they are very well emir one could say only twenty percent but let's keep in mind that here especially on the bp aside we are facing hi comparable to those as you know we're driven by the different or about by the different order patented our customers a clearly showed last year in contraction also was to cool the pen dummy but also was covert related at enron effects lps in me mere still was a robust performance and we don't move east asia pacific it's a year we also see great development twenty five percent in hospitality growth to two hundred sixty four million
spk_0: solid performance he are really on the be a bps side lps also feud fueled by great development of the bow analytical business in this region
spk_3: on the right hand side is he only a small little shift actually
spk_0: for the regional distribution of our of a new in mia if you looked at lafayette year and figures or even it que one twenty twenty one you see there were few more percentage points anemia
spk_3: i was like forty two so those shifted to the america so now we have been going to look at more balance due to the tribune
spk_4: line also what we had before the pandemic an outbreak
spk_5: on the next life
spk_3: let's have a deeper look onto the by solutions here on the left five a we see the decrease of the order development of almost ten percentage a ten percent to eight hundred nineteen million that was in line with our expectations and is definitely impacted by the dependent but of currently pandemic were in and of course they clearly changed ordering pet on that we see specifically compared to two pew one twenty twenty one
spk_6: the fifth revenue
spk_3: increased by twenty nine point two percent in constant currency to eight hundred fourteen million here two percentage points where country we were contributed by the acquisitions and the underlying a be the a march you were able to improve my point four percentage points to thirty six percent mounting then to two hundred ninety three million despite the just mentioned as x effect they're actually these comments i just made on a group level are valid for both divisions he also cause we all right he an increase in the logistics and materials and that was he on and both divisions as as well and the next flight of the look on the performance of lps
spk_0: i'm on the left hand tied he oughta intake grew by fifteen percent and constant currency to two hundred twenty two million so
spk_3: fueled of course also bye bye bye or aid would we did a great performance in the first quarter sales revenue grew by twelve point four percent to two hundred tell two hundred ten million that increase includes one percentage point from the acquisition of a l s that we just did at the beginning of the union has gonna say something
spk_7: to that later on
spk_3: i'm also the his revenue really again driven by rail good performance on of all by analytical portfolio abt to a martian compared to previous year we could increase from twenty five point seven to twenty six point five percent to an increase of twenty percent to fifty five point seven million
spk_0: and again yeah we not only to food or taken better for the economies of scale but also the favorite product mix i either but the higher profitability of our bio and it's portfolio contributed to this effect despite the aforementioned f x effects
spk_3: if we have a look onto the some key financial indicators see extraordinary says really know much much movement stay on a low level and are attributed to the to regular and a integration activities financial result just as a side note a know i've been commenting that in the parts of quite i love it really is really related to the fluctuation of lot or an odd liability that is in conjunction with the acquisition of be a separation so will continue to see that driver years of course also the share price performance and the underlying profit increased by thirty seven half percent hundred two hundred sixty seven million and the operating cash flow driven by the strong profitability
spk_0: it's one hundred ninety point two million you why is it a decrease compare to pew one we really see a substantial increase to an hour working capital specifically on the him and tory but also receive the site and
spk_8: that led to that part the catholics racial
spk_0: it's currently at nine and a half percent we are guiding for this your fourteen percent so a quite below but it is fell in line with all expectations fairly the beginning of the year we have some lower capex
spk_3: the critics by itself is ninety six million the rest of different to invest in casual for hundred sixty three million is related to the acquisitions we make if we look then at the finish indicators and here are key racial the equity ratio in prison in for the group is at thirty three percent increase compared to previous year of three percentage points of was profitable it's driven but also the a fluctuation of the it or an old level that he and the conversion to first payment of the around liability increase their the equity position net debt
spk_4: a slight increase keep in mind here that we we have to fill in a substantially increase in working capital but also we had in the first quarter to dividend payment to our shareholders which is a temporarily
spk_9: impact on on the on the net debt
spk_3: let that underlying evident that that to underlying every a
spk_0: is and line was expectations as well or one point four and you see on the right hand side was on the box rods and the line to continuously leveraging of the southworth group and was that all get back to you i'm yeah thank you very much on before i come to the guide and for who you two thousand and twenty two i would like you of grief here liberate on the to acquisitions that we have closed in the course of the first quarter of two thousand and twenty two the on the left and fight the one that we have close first that was a beginning of january this year it's a further expansion of offering in the bio analytic segment in the lps division this time it's a automated system for the analysis selection either of self are the thirst numerous applications of all customers and fit nicely ah to the other products are that we have here in the baltic segment as there are our lifestyle imaging system or our protein and analytics exist of soy combo on the dps side we finally closed the acquisition that we are working on for a long time and that was the chromatography business from nova up in france that we close beginning of february this is another building block of our downstream stream processing business that we have built what the last roughly twenty four month now by acquiring a portfolio from adana hair by acquiring by be honored by out to be on sep or ray be a separation sorry for that water tap and now this business so that we know really have an innovative portfolio for this downstream applications as well so and i'm coming to the guidance
spk_10: we confirm the set of numbers that we have communicated
spk_0: a couple of weeks ago when we introduce this guidance to you and it's represents a significant double digit faith growth as well as a sustained high level of profitability as we have achieved that with a that increase our last year of course of the same time it needs to be said that we see even hi uncertainties then couple of years ago couple of months ago couple of weeks ago even when we are published and and communicated this guidance and that to quite some extent has to do or has been triggered by the war in ukraine and then falling of cause the increased risk risks regarding supply chains and then of course the food is substantially elevated inflation rate level so however from today's perspective assuming that we don't see any spillover of the war in ukraine point no food the substantially constraints regarding supply chains
spk_11: etc we are expecting a know i go from the bottom to the top for the lps division a six to ten percent fades revenue growth in constant currency of which one percentage point should come from acquisitions for bps we expect seventeen to twenty one percent including two percentage points from a quick
spk_12: visions and for the group that adds up to fifteen to nineteen percent including two percentage points from acquisitions and profitability level would then be twenty six percent while ps thirty six percent for both process solutions and thirty four percent for the the tories group
spk_13: again
spk_2: we would like to
spk_14: the line that this profitability level include
spk_1: additional spending
spk_0: and cause of roughly half percentage points in or it related to our initiative to reduce our a greenhouse gas footprint or more precisely to reduce allows you to emission intensity by ten percent every year were liberated on that extensively and of january as well for the catholics racial we continue to expect fourteen percent of sales and for the net debt to underlying a gay racial we anticipate a number around one point one as before and of course all those numbers are based on the assumption besides those that are made made regarding the uncertainties on no for the requisition so let me briefly walk you through the set of numbers for such a pity biotech for the first quarter as well i'm here we see of course very similar picture to the dps division
spk_15: the feds revenue came in at eight hundred sixty three million euros and or intake at nine hundred fifteen ah the letter represents the line of eight and a half percent whereas fades revenue is up by twenty seven and a half percent important to note that we are talking about the book to be racial a
spk_0: for one ah
spk_16: so yeah clearly beat lot of water intake of vine i think explained that
spk_0: before very much expected because of the extremely high level from last year but still a i think a a very positive number in our view underlying a big a at three hundred four million euros the which represents a marginal thirty five point two percent
spk_17: again it we have to mention that this is despite this pretty much ah same level as a year before we achieved despite some epic headwinds around one and around half a percentage points as well as some additional or higher costs for the discussion with you
spk_0: oh in particular for the regional perspective i think most has been mentioned by liner and this head of numbers are pretty much so showed the similar picture very strong growth in the americas and in mia and asia pacific a little bit below that but still very substantial double digit growth rates and very much in line with our expectation for cash flow i think also hear it pretty much a are comparable a picture of given the size and relevant of old as as be respectively bf business it's clear that that ah if his very much of the driver for most of the numbers that you feel the growth level on the roots level as well and i did but he can be a the case of course for the
spk_18: the impact from the variation of vienna liability as well as regarding cap act and and also working capital thought maybe i don't need to repeat or those comments that have been made before here
spk_2: the and that are pretty much also holds true qualitatively at least oh regarding the key financially indicators where we have seen a thirty increase of our equity ratio to forty eight percent a slight increase of own that that
spk_19: our and pretty much a stable
spk_0: the indebtedness ratio or on a very low level which is or point for only and for the guidance it again confirmation of all numbers that we have communicated a couple of weeks ago so fifteen to ninety percent sales revenue growth which includes two percentage points that we expect to come from acquisitions and an underlying a big a margin above thirty five percent don't need to repeat i think the comment regarding our greenhouse gas emission reduction initiative and and the
spk_20: impact that we have already included here into the profitability guide and kept bags we continue to expect to come in at fourteen and a half percent approx and that that to underlying it became a expect further decline to old point to and with that and with saying thank you for your intention we can now are turn over to you and eight ladies and gentlemen at this time will be begin the question and answer session anyone who wishes to ask a question may press star followed by one on their touchstone telephone if you wish to remove yourself from the question que you may priests star followed by to pure using speaker equipment today pleased with the handset before make
spk_21: in your selections anyone who has a question may press star followed by one at this time when moment for the first question please first question is from the line of patrick would from bank of america please go ahead perfect thank you very much for a take my questions i'll keep it to to click click once the first what apologies by it but just curious you previously commented about the five hundred million expectations of vaccines and i get i get were trying to sort of not distance ourselves to the jj comments the other day just try to see how how you're thinking about what even better within the guidance appreciate the garden hasn't changed for the year but that you know the excavated business seems very strong so have you lower your expectations of vaccines but actually to basically strong enough said you don't have to me that any commentary around there would be would be very useful or such the my first question and the second question or traffic how to phrase it it a way that you can actually answer beacon probably predict the topic you die in the context of every day and what we're seeing about you know potentially guy that vaccines and things like that does that change how you would think about assets that have a large proportion of revenues associated with that vaccines with that lower your
spk_0: the process on acquiring those kind of businesses who does is nothing in terms of your
spk_22: and that a thought process change thanks
spk_2: thank you very much patrick first the will have to say you definitely are clear front runner regarding asking that question in a very elegant way
spk_22: so let's see whether anybody can beat you on that
spk_0: i i i i would say
spk_23: the we we definitely and i think we have spoken about that before we believe that m r and a and some other know that modalities
spk_0: we are represented in in very strong pipeline i think during the last the years two years in particular for sure when it comes to an hour and a we have seen a lot of investments and a lot of projects that have been started and quite some a promising project so i think one can leave or maybe in this case corona vaccine aside for a moment
spk_1: the to say well that the really is a is it is a very strong business segment
spk_24: but that of course also holds true for a summer the the i know the motel of he's
spk_25: i'm like gene therapies and and others so and i think we we always have highlighted that we believe that
spk_0: we we we went to further
spk_18: expand our portfolio into areas that are relevant for this space and i would like to remind you that point
spk_2: i'll acquisition of sell genetics of sell biological industries before or to be a separation so although the acquisition of that we have made in the field of cell culture media and culture media component
spk_1: as well as some of those that we have made regarding don't seem processing technologies
spk_26: we we ah i've highlighted the that those are particularly relevant for the space so and and i believe we we continue to be interested to strengthen our portfolio in that regard
spk_27: no when it comes to the ah
spk_0: speculation
spk_27: that we have seen
spk_0: i i think already eight weeks ago the first time regarding specific as said
spk_25: that are particularly
spk_28: let's they exposed to some of those areas i elaborated on a minute ago
spk_0: i think it's clear that we cannot make any comments on those
spk_29: so
spk_2: therefore i mean we we also realize and read those rumors but we don't comment on those
spk_0: on the
spk_30: on the outlook
spk_31: for our corona ah vaccine related business mainly grown of actually the business because that has been deemed the majority of the five million euros than we would have made last year and for which we have said and or january that based on the expectation and demand for
spk_0: cause that our customers have given us and have shared with us
spk_2: when we we back then said well we expect the same number pretty much for two thousand and twenty two and
spk_25: and so far our customers
spk_23: while putting their those who are really representing the
spk_0: the the majority of this business stick to their for cause and of course it's clear that we also are fully aware of some of the more recent announcement
spk_2: maybe one can say that jnj didn't represent a very large part of the vaccines that have been one use last year and this year so that it shouldn't change the overall market expectation of have any player i would say except for of jj maybe
spk_23: so but of course we ought to realize that the for cars that have been communicated in regard to at which point in time
spk_0: is the be crawling adopted in specified
spk_23: new versions of certain of actually particular the m r and a based vaccines would be available have changed
spk_11: so therefore i would clearly say we also realize that this is
spk_0: a dynamic area of volatile area where one could work with a couple of different solution but we base our assumption on our what our customers we have told us and are telling us and that's why we at this point in time
spk_21: stick to our expectation
spk_20: of of five hundred million euros for the full year approximately and what we have seen in to one by now elaborated on that that we have feel pretty much a the same business adding to one last year so far is aligned with it
spk_32: very helpful popular thank you to take the question next question isn't a line of michael royston from you bs please go ahead
spk_33: and thank you to buy some as well as had to the clarification on on patrick just ask when i look at the ordering take in that number is is to residual of what you just elaborated on as and if at five hundred million give or take the full year from covert related revenues minus the hundred that or book and selling coupons that part of that order intake now such that the underlying numbers actually seven hundred million or is the nominee talk and still based on of to customers but it hasn't come into your order and take yet
spk_32: and i'm a second question is is on pricing
spk_0: i might have any that pricing is here a stronger for you and industrial world and than in a normal year it can just talk to where we are on that and then as v maybe look out for though you would you expect the higher prices to stick if they are air pocket with in the inventory so is the rest at some of that stronger price taking this year will not be sustainable further out thank you
spk_2: yeah on on ordering take
spk_0: not one percent sure whether or whether i got that right
spk_2: the but
spk_34: it's it's really a bit a mixed bag i would say
spk_2: some off of the orders in conjunction with
spk_27: his face revenues
spk_0: related to grown of it may affect ring
spk_35: that we expect to be realized this year we already have
spk_36: god
spk_0: it received last year some we have received in the course of que one
spk_37: so that the underlying
spk_0: the lying i'm ordering che
spk_36: that is not corona related in que one is higher than the number that you have ah
spk_1: calculated so i would say
spk_0: dup making what what we tried to to qualify to be a healthy de monte duration the pricing i think you are absolutely or highlighting here an important point we are i mean we of course we all have seen a higher inflation rate already at the end of last year that is why
spk_11: i think we were talking about this topic also in a lab and of january call
spk_0: and we have already introduce some price increases we now have caught the that it will be necessary to introduce for the price increases we are in very open discussions and and yeah and constructive discussions with our customers how the how to to set that up in the best way
spk_37: i think we have three very yeah very constructive very trustful relationships or took our customers so that the the best set up
spk_0: in how far maybe some of such price increases will be
spk_38: all it's a variable and which one will be ah i'm are sustainable depends a bit on the case and the item i give you an example afraid for example if the most easy one which one can rather form it as a very of a component whereas others
spk_20: that's so and the same is of course pick the case on our purchasing side if that was more the focus that you were asking for so but
spk_39: however in a in a total perspective well we are aiming for and of represented in our guide and is to pretty much balance the increased our prices that we see on the purchasing side and those that we are in discussions with with our customers
spk_40: thank you next question is from the line of richard washer from jp morgan please go ahead hi thanks take my questions
spk_39: his first question just on the poor who demand a can be sort of mentioned that it
spk_40: yeah the seen some normalization in the course i'm just wondering how much of a headwind on gray you see from that normalization neither the rest of twenty two and where the east sort of saw that in in into one as well as a sort of percentage impact on on the great there second question just a on china
spk_39: am i think catch some of your competitors have flagged
spk_0: i'm a headwind on their sales outlook from china as potentially because i there for the of the lockdowns that it maybe remind us how it stays you are to china and what you're seeing their in terms of that the impact him on sales and and the supply chain it may be if i could ask a third just it just true if you could remind us on the are on the i'm in a fire power
spk_41: you deployed the oh you mentioned ten billion previously just a if if he is the last few years has been sort of more both on and i guess is that the sort of way we should think about it going forward
spk_0: to deploy that ten billion over time thanks very much
spk_1: yeah thank you for for the question so yeah the normalization of of water intake i think
spk_0: the lineup will implied that earlier that is a process that is that it's a bit on the going therefore we would hesitate a bit to to give guidance for a book book to bill racial for the full year because that is in essence what you are a bit asking for and i stand absolutely ah that question but a we would to be honest rather like to see where we where we stand by by mid of the year maybe to give a give guidance on on ordering take you know that orientated would is not subject to any guidance that we are giving a nevertheless understand that this isn't that in these particular times with this
spk_42: very significant volatility of that number that this is one to talk about
spk_43: but i you know to to quantify this ah we we find this is a little bit too too early
spk_0: then again i would just like to remind everybody whole oh significantly higher than fades revenue the the ordering take has been for a couple of quarters particularly the the last two when twenty two or the last one in particular and then the first two and did
spk_11: in particular in in two thousand twenty one so so therefore we are headed adding a little bit here so far and i think the number tell the clear clear of messages so far i think start into into this year was or a good one
spk_31: china headwind
spk_44: i'm
spk_45: it all will depend on the duration of all of of that the current lock nine july and whether that will that will be
spk_11: prolonged or maybe geographically expanded and whether we will see more of that in the further cause of the year
spk_0: i at this point they'll fall maybe wouldn't flag that as a as an existing hat wind but as a potential had when at risk so to say that that's clear if china has a that the as the relevant as a market for us
spk_46: that this is clear if if
spk_47: there are
spk_3: constrained to to the market and constraints for our customers also to further develop their business for a certain period then this could have an impact on us the so far again i would
spk_0: not for legged as a headwind but as a risk and of golf i abhor i know you want to comment on the size or decides with quantify quite a few times is exactly these ten billion plus that we have consisting of the to different components
spk_20: in our own treasury shares of course increasing leverage have to close or or two three point seven five of them to that region at temporarily and also a dilution and the stake and as as be while always remaining in full control
spk_48: so i oppose plenty and or to ski question for the right a efforts and right target yes is exactly why we are determined a typo in order to be i'm able to act and also quickly on this girl and and yeah if you as if if we are good got the question correctly we we do not plan any good acquisitions old five of the strategic fuck was that that we that we have and and therefore we would continue to execute on our strategic agenda indeed thanks next question is no line of marcus goulash from stiefel please go ahead good afternoon and thank you for taking my questions now i have a follow up on transformative different monday as well but a bit more general so when you're considering these large acquisitions is the only dimension you're looking at the strategic fit of to target i is your mind to tulsa to i don't know guys like warren buffett which are reluctant to shake with the if their shares trade maturity but no intrinsic value
spk_49: that would be the first one that the second one is now german energy supply
spk_0: have you looked how you would be affected hey that you russia would stop supply guess to germany which have some possibilities to defend your german operations here and to my last question if i may is on china as well am it seems that they could have been some stockings from your chinese customers and response to to and us on verified list and i understand that down some years
spk_34: that us my to restrict supply of singer use products to china and have you seen any of this in que one thanks
spk_50: yeah so
spk_37: the the first question regarding the the key criteria for four or and a clearly the city to quit
spk_11: of course we also have to be convinced of the aviation
spk_0: and
spk_25: by and we we i mean do have our our yeah very very strict process all to in that regard that we are are building
spk_51: we did really five years business plan our including also considering certain certain risk factors
spk_1: and then making dcf calculations baby on that and and if there's any target
spk_2: that
spk_0: that we could only get by exceeding that price than we we don't go after that the are so we we are clearly having a first selection on the strategic skype but which by the way also have caught include our our a billy key to run a a in an integration and respective execution also at that time yeah so we all of them always try to make sure that we don't have too many do asian process he's going on at the same time but then of course we oughta check on the price and cultural fit onto something that we are interested in so we also have declined opportunities where we said we we we believe that here maybe the the that they did not not good enough on that and so but yet we are not i own that way that way for for logical reason we have a different apply as an approach than warren buffett for you to that regard
spk_11: join german energy supply
spk_0: i'm in our own operation
spk_23: ah we believe to be quite robust and resilient
spk_2: i'm and should be able to mitigate any shortage of gas supply
spk_0: and on a on a global scale though we believe that a
spk_34: ah a trick through limitation of
spk_23: gas supply to germany within the next iowa know maybe six to twelve months somewhere within that time frame
spk_0: the could have an impact on supply chain
spk_3: it and that we would think mainly around
spk_52: let's say comic cruelly or chemical based products in are be certain plastic resin etc
spk_53: and i believe that would be quite ah
spk_25: i'm a independent from the location of any any facility so therefore even a supplier are a player in that field that doesn't run
spk_0: necessary the a side in germany i would possibly be affected by that yeah because we simply talk about a major manufacturing capacity for numerous different chemical products in germany and of cause a disruption in that regard i believe would have in effect on various industries globally so therefore i would say a we when you when you boil it down to or specific the
spk_2: set up a we believe we we have
spk_46: a quite resilient set up in that regard
spk_27: on
spk_54: ah on china and potential restriction
spk_20: there we haven't been impacted by that as you were asking for a one
spk_55: i can absolutely understand that you are of that that question but so far we cannot see and we do not see any when conflict on the trade side as we have seen that in the semiconductor field the over the last whatever two years three years four years maybe even when we can't see that at the moment we do not see that at the moment therefore wouldn't wouldn't see that as a major factor okay great thank you next question is some line of dreams quickly of morgan stanley please go ahead
spk_0: great hundred faggot a question questioning a couple left so the okay just had a really strong quarter lead violent biometrics he said can you give it a little bit more color on a broken bone and it takes for the quarter was fading impact driven by a large i'm a criminal or orders or sales or is this a step change in know integrated to by your portfolio and an underlying demand and buffy what fortunately lps division is barnett is currently
spk_56: i went to am and where do you assume it makes me to out your your twenty twenty five targets
spk_0: and secondly you mention the fact hedging you give us an idea of what the absolute
spk_22: a bit are impact on fx was for the quarter and i'm pretty tragic going forward is there any rule of thumb
spk_57: i'm already details on the on the net expose you can give us pause for the tricky currencies that can help us a modeling modeling out vfx and he
spk_0: so the bio a portfolio makes up for
spk_22: roughly thirty percent of our
spk_0: ps though it out of our lps business in total of the abs division and
spk_47: the growth for the byway business have been
spk_36: i would say very substantial double digit percentage values
spk_0: i hope you can exist except that we don't disclose that in in all detail but it significantly a buff or growth in the divisional bowl even though we believe that we pretty much have performed at least on market level in all segments we're the active in but in berlin and addicts for sure substantially ahead and yet we can see that
spk_36: are we see grade leverage if effect because of the problem integrity of the portfolio that we have built here when the highlights i think that said that before his lifestyle imaging there was the acquisition of as some
spk_0: in two thousand and
spk_58: satan seventeen or eighteen and
spk_0: and then onto the addition of the octet business that was the for the bio business that we have acquired from from than a hair
spk_59: it so doing very well highlight here is the us or the americas the i think i said that before but we're doing very well and and grow nice a pretty much an all geography the of one can say
spk_3: so that truly a highlight but again we are also satisfied with the performance of the of the other businesses in in lps i guess the second question was on on on f x
spk_0: a otherwise please please maybe is say it again but the of weeks effect
spk_3: for lps in queue to i am to one sorry was also approx half a percentage point from exactly
spk_4: as you as he said the
spk_25: variation in fact and i know that exposure i think dollars the one that is key or yeah so the exposure that we basically have and the in the us dollar regions roughly and
spk_4: the billion
spk_60: the exposure exposure the billion and hatching and
spk_20: while we basically don't we had in a basket of according to of of currencies we don't have a single currency because as control fluctuations we do a casual at risk method and disregard fairly sophisticated i can say
spk_61: so therefore we show currently and we were hatched on the us
spk_62: dollar of course will that flighty than above the current exchange rate that's why we see the negative impact of indie in the piano
spk_61: and all current and kind of x rayed is roughly around one one fifteen or be edgy
spk_28: now and effects we should become a smaller get a constant a fixed rate than he pick become smaller because of the the the relevant volume and that a hatch rate declined and we already have this had a variation effect just one month topic report understand what so hatching strategy we do too
spk_2: months rolling forward to that's really the effect that basically it will bleed out over over time have
spk_23: okay for it and
spk_0: next question is from the line of odysseus minnesota you from there and burke please go ahead
spk_34: either thanks for taking my question
spk_23: he won only biosimilars up
spk_0: i were the a few by blood back to biologics patterns or expire you know twenty twenty three how should we think about the revenue contribution of these so he could buy the next generation is on a certain date would a two year lead time on be ordering compared to the states and a one year
spk_63: three padlocks which direction sales contribution make sense
spk_52: so so
spk_0: yeah biosimilars i think it's a
spk_64: it's great to have that question because
spk_65: during the last two years i think that has been little bit moved out of focus because of all those other
spk_0: strong trends
spk_4: that were dominating our discussions but clearly a by a similar are a part of
spk_66: the the strong positive fundamentals
spk_2: for but the for the by opposes division for sure
spk_0: the and
spk_28: the eighty eight a if if we without your question right you you are asked okay what what the timeline roughly a third a gap between up a private month of peyton and then the have a significant says revenues or one to two years
spk_0: let's put it that way
spk_2: this man
spk_67: gap can be shorter when ah the respective player or those players just start early enough with their with our project was definitely the case that between their first investments into manufacturing site i need for instance
spk_0: equipped
spk_61: in the for whatever silicate sir though the the poor poorer
spk_0: cultivating cells by wrecked at he said drop and then later
spk_24: in the having the entire facility up and running their we are talking typically about one to two years but between our the run of the page and and the market entry of and of such a producer that can be
spk_2: a shorter
spk_0: and maybe just as a as a reminder biosimilar similar should make up
spk_2: as far as we're for visibility ah between ah
spk_0: how are around the five percent mark for for the of all about horses business at the moment but creepy
spk_34: okay public nature thing and the one follow up so on the chromatography business you you grown that quite a bit on your recent acquisitions so do sales synergies with your with the quite assets have
spk_68: it on the fields front have a lot of space to go out i'm aware that it's a relatively more reputable state and directed by proxy business so should we expect it's part of your been sorted out to grow at the other parts of about reducing
spk_0: on what we we do seem very healthy growth rate i have to say pretty much across all portfolio
spk_69: when we will we see this in our
spk_0: seiko to technologies portfolio which include by erector set coach a media circus you media components etc we see that in food management technologies and then we see that in the field of what we called separation technologies and here chromatography if is one segment but also
spk_70: the other segment of filtration
spk_0: product is also growing very nicely so maybe that that the first comment that i would like to make yeah we will we expect a bit above average growth rate in the school matter of the field because of the fact that we have ended that more recently and he has substantial potential of to gain market share here but nevertheless we put should put that into perspective that that we're not talking about a complete different fear and level of growth rates in that field maybe if the first remark the second remark that i would like to make is that the portfolio that we have and i think that one feature that really makes it very very competitive portfolio is that we offer a bank with of let's say more classical chromatography systems and cunt
spk_67: humor boots
spk_0: are both a low pressure and high pressure chromatography systems and the respective columns pulis up and systems for continuous chromatography pulis a complete novel and unique technology which are the monolith technology that we have acquired through
spk_1: br separations and and then as you can imagine the different
spk_71: the products within this portfolio carry and country do different gross margins as soon as we are talking about a system
spk_0: we are talking about lower than average margin as you would expect in all other areas as well and we always extended be communicating this when is when it comes to head coach technologies and the systems they're also have below average gross margins whereas when the consumer both have very attractive above average gross margins and that is definitely also the case
spk_61: in the
spk_20: chromatography feel so now ah bottom line
spk_62: what what i what i wanted to say here is ah this is a business that is is should grow nicely a bit above average contribution nice gross margins but it will not lead to any significant shift of our or was gross margins and maybe our last comment here would be glad when it comes dollar two thousand and twenty five guidance
spk_72: no and then i'll we we always have said that we include hear certain a certain volume of acquisitions which we typically would expect to come in at lower every day a margin so therefore and then these businesses would dilute our like organic on a big a margin development a little bit for a certain period in time so please keep that in mind when maybe building a little bit a more or less a be dead and sophisticated model
spk_0: thank you very much for their current new york you can read
spk_73: next question is an ally line falco friedrichs from deutsche bank please go ahead
spk_74: thank you good afternoon my first question is on a on and so when stripping out his colbert contribution it obviously shows very strong growth and an uncle that this is more than thirty percent was that any unusual stalking patent i customers and that you have noticed in the quarter was there anything
spk_0: that you would not call a normal demand pedal
spk_75: then my second question if it a bit bigger picture on the industry dynamics because they still seems to be a bit of a concern in the market rolland could potentially sudden and significant downturn in your customer demand at at some point to it and i'm talking about an uncle good business side of things because your customers might have started
spk_0: enough on tenants are full etc i would be very interested to to hear your your view about this and and whether you think it is likely that over the course of the the next let's say one to two years that could potentially be a phase where you might see a very noticeable snowed on and customer demand
spk_22: and how good your visibility really is into this and then my last brief question and would be on russia
spk_76: and how you approach doing business in russia at the moment whether that is business as usual
spk_0: on not thank you
spk_77: yeah
spk_1: oh thank you for for those questions so maybe maybe i start with the with the last one on russia
spk_67: in
spk_1: of course this is not business as usual
spk_0: because and
spk_53: the transportation sector is heavily impacted an inflamed by by
spk_1: by the sanctions that's clear and there are also on some
spk_0: maybe that say even
spk_56: one
spk_0: more detailed when approval process he implemented regarding products
spk_1: that could potentially be our for a i would even say in theory be have dual use that has been implemented since a long time but procedures have been
spk_0: maybe have become a little bit more ah at the time consuming i would say and that means that we are are at the moment
spk_46: taking into account and fully being fully compliant with any
spk_0: restrictions and sanctions in place that we are still doing business with russia to a certain extent and again limiting factor here is very much transportation at the moment and to consideration that is
spk_25: he important for us is that all of the proto that we are supplying into russia are ah been used for the manufacturing of medicine
spk_78: and
spk_0: and there are explicit statements by all relevant bodies in germany and can the you that such product are not included in the sanctions at this point in time and therefore we have course than also have ah had a a though evaluation and discussion on our side
spk_2: the how far we should impose
spk_1: let's say our own sanctions here but for us the humanitarian aspect
spk_0: is the most important one and therefore we think that their patients in need beat for enjoy lean or certain cancer drugs or whatever partially is is produced locally in russia ah should get their medicine
spk_79: and that is why we have not stopped our supply of russia as far as this is possible at all and again we see severe limitations year and maybe my last sentence on that that is old so fully in line with what cost
spk_0: miss ah do and our competitors are doing at this point in time but of course we are fully aware that the
spk_80: the overall policies regarding sanctions
spk_0: my change within the next couple of of weeks and i think we are all aware of the fact that this will be possibly be linked one way or the other two to the two possible sanctions or band or embargoes around the energy supply from russia into germany and other european countries
spk_81: so maybe maybe i would then shift to the first and second question because i think they are quite quite into link
spk_82: so did we see any unusual or non normal demand pattern into one
spk_10: we wouldn't say so
spk_36: but at the same time we would clearly always
spk_83: repeat our statement that the visibility that we have here
spk_0: the is if limited
spk_84: i'm in the on our customers site
spk_20: and the
spk_85: the purchasing policies and the execution of purchasing activities is very much the driven on a tight level so very often customers the majority of all customers don't run fully constantly dated purchasing activities and therefore it's also often the case but the for large place that there is no cause we dated overview of their stock level so therefore i clearly would always make the disclaimer that that visibility is limited
spk_86: but we haven't seen any any doubt no normal demand pattern
spk_85: if we would take the new one in an isolated way and the the book to build level for que one i would even say that is really very much in line with anything that we have seen in the prequels with times
spk_0: but last sentence
spk_1: one
spk_0: as as as said before this is one quarter know that we would qualify to represent some all and normalization and i'm sure we will talk about that based on a more daughter and and more development maybe even more updates from customers bye by middle of this year thank you pets question is on the line of delphine layla away from societies in or out please go ahead
spk_23: thank you very much good afternoon at the am i can't say declassification recounting to five hundred million envelope for the facts
spk_87: coffee related camel passing father yeah absolutely
spk_1: read das the up that now the cuban as
spk_0: should we think of i can looted meaning of more sixty percent attached to the a us is forty percent units one always get quite a sort of balance on a quarterly basis second question deal with that at current at growth as much as have you seen this coming out from the price increase and second question we can't seem to rescue stream how much of the gross have you seen it coming out from either new customer or at new contract in a wound new tracks or
spk_88: you that elements of
spk_3: richard di un m and can you cheat that at least thank you very much
spk_89: yeah thank you thank you very much of him for for those questions
spk_50: when i guess for for the first one regarding the how how will say it's revenues
spk_0: regarding corona up back in production be berlin
spk_52: over the over the year it's it's a bit difficult to say i think it we will again
spk_27: he much more or by meat of the year i'm a i would again come back to the point that
spk_11: i think both are in a vaccine manufacturers and the have been the dominating once i think everybody knows the publicly available numbers about the the the number of those as being applied and whether you wear them are in a base and for which are one of these two players
spk_0: and it's clear that this will have one way or the other the loud impact way everybody in the market
spk_1: the and
spk_0: and here we have seen some changes in the timing quite recently i mean the little timing of both was or have been ah that around gabay to be around this time of the year that wanted to have a modified version available know it rather looks like yeah maybe september something around that point in time but then of course manufacturing campaigns would start a bit ahead of that but still it's it's it's not a question to be honest that i can really aren't a very well a weekend off a very well here and and i ask for your understanding here and he will always try to be very transparent yeah we for sure we'll we'll continue doing so one to have more visibility uprising effect on the safe side of very limited in a for the cuban one numbers are also limited even go a little bit more already included on the water intake site not dominating the equation but of course natural little bit more included there and then on the
spk_85: the revenue evolution
spk_0: in new couldn't drag new customers i think
spk_90: one can say
spk_20: that
spk_0: it's it's pretty much in the nature of all business that volume block wise one
spk_91: existing customers or with dominate the equation because we're talking about validated process ease and there are a lot of follow up on earth constantly
spk_92: and and they'll pull this represents the the majority of all business when it comes to euro values
spk_0: we are and that no i'm talking about the bio processing or as be business yeah i'm lps it's still also quite the same but there's lot of course there was a little bit more with you know young company i've read that are in the company's when it comes to the byway product way and switching back to bow process for a second we are nevertheless please also with the number of projects that were have with new customers when it comes to know technologies by of view of them be a separations i want to mention again very know that will matter of the technology used for advance
spk_93: therapies and most of the project here are early stage project so i would say
spk_20: fully in line with hello this balance should look like i would say is what we can report here
spk_94: ah thank you very much and a quick follow up i taught english out because ah russia india and revenue so far
spk_1: and have a it has been on for years pay this last year and has been around two percent
spk_56: thank you thank you very much and congrats for the ritual thing
spk_0: it's question is from a line of george hill from all from cana investors investory please go ahead i'm an endless daughter from of homes on on buses that by the managing director and i just wanted to know for the next ten years how much revenue in sales and growth prefer to you do you think you can get
spk_95: next the next ten years
spk_0: yeah i mean i i have to say i appreciate very much long term thinking and i think that an old so long term perspective and guidance is and i mean we have been i think we are rather known in the market for giving long term
spk_63: the he believed he but so far our the best that we can do is share all five years are all plan it was a five year plan it told me to implant under the year two thousand twenty five with you i'm here we are shooting for five billion euros or says revenue floor
spk_94: these are to his group and four billion floor situated in biotech
spk_67: in and maybe do nevertheless give you a bit more of a feeling i didn't roughly ten years our growth trajectory is fifteen percent of percent top line growth on average year on year which we present doubling allocates revenue every five years
spk_11: thank you very much
spk_0: let's question that is from a line of paul night from keybank please go ahead
spk_2: he okay thanks taking my question
spk_0: oh question are weak or are frequently receiving his earlier stage biotechnology and the lack of about funding i know i'm not maybe a significant part of your business but what do you see from my early stage our research shot in biotechnology
spk_67: yeah
spk_2: i mean we we have seen a lot of fun name during the last say twenty four months
spk_0: and
spk_27: and one area i think we we touched upon the bit earlier when there was a question or owed and marinade base
spk_11: product going forward and and how we would see that paid
spk_0: and that of course has been one area with articulate it the significant inflow of of fun for me that the question is now and that is why i'm on during a little the general here is
spk_2: whether we will see any
spk_0: it changes to that or getting one could maybe see normalization to that one we have maybe the pandemic are behind us so but in general i would say funding ah and therefore also the pipeline in our space look very healthy we wouldn't consider funding
spk_1: constrained at the moment as any limiting factor
spk_22: for for the the growth of our business
spk_0: thank you for that and then the other a question is our regarding m r and a are you seeing the emergence of those programs becomes significant for your business
spk_96: on i mean the
spk_20: the corona back thin
spk_94: manufacturers that have been oh and and the manufacturing and the need for product has been significant in two thousand and twenty and two thousand twenty one and we expect the same for to thought the same level
spk_97: in two thousand twenty two but i guess we we
spk_98: have said before that for two thousand twenty five weeks but so far we base our guide and on the assumption that they would be no net effect from that but that include that we would rather believe that there is a certain sean that by the year two thousand and twenty five and maybe a little bit earlier
spk_13: we would feed combined
spk_67: our annual vaccinations or vaccine available
spk_0: the for corona as well as may be like ordinary flu so in that in that sense we believe there will be a certain sustainable peace but we wouldn't expect to day the number of those is being produced every year close to the number that
spk_25: we have seen in
spk_99: it in this face up so and again current expectation would be in it would be the same in two thousand twenty two so that the more near term in terms of pharma timeline
spk_20: in the longer run i think there is a good chance that there will be other m are in a based products therapies also
spk_25: based on an hour and a technology ah here we will again he ah lower numbers of do this but most likely significant significantly higher
spk_44: when i go with it
spk_100: or content of em are in a per dose
spk_0: the soul and therefore yeah we do expect a marinade to play a significant role going forward but i would definitely ah
spk_101: half the the view that one shouldn't be too optimistic regarding timeline
spk_10: what we're seeing here regarding corona of actions has been extraordinary in any respect and timeline
spk_0: ah for any cancer dropped he said rob will be much much longer than anything that we have seen for the course of action very helpful thank you
spk_2: next question is some the line of carl brown from axiom please go ahead
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