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BB Biotech AG earns after-tax profits of CHF 368 million in fiscal 2012


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2013-01-16 06:59:17 -

BB BIOTECH AG /
BB Biotech AG earns after-tax profits of CHF 368 million in fiscal 2012
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The issuer is solely responsible for the content of this announcement. 

In   accordance   with  regulations  on  ad  hoc  publicity,  BB  Biotech  (ISIN
CH0038389992) is releasing the following information about its profits in fiscal
2012.

Based  on preliminary unaudited consolidated results, BB Biotech closed the past
year  with a profit of CHF 368 million  (loss of CHF 146 million in the previous
year).  After  three  very  strong  quarters  with  profits  in the triple-digit
millions, general profit-taking in the market towards the end 
of the year led to a loss of CHF 134 million for the quarter. The net profit figure for 2012 reflects the fundamental strength of the biotech sector and the successful investment strategy pursued by BB Biotech with clearly defined areas of focus. BB Biotech's share price rose 42.7% in CHF and 42.9% in EUR during the past year. Portfolio holdings as of December 31, 2012 will be reported on January 24, 2013. The annual report for 2012 will be published on February 21, 2013. For further information: Bellevue Asset Management AG, Seestrasse 16, 8700 Küsnacht, Switzerland Thomas Egger, Tel. +41 44 267 67 09, teg@bellevue.ch www.bbbiotech.com Company profile BB Biotech invests in companies in the fast growing market of biotechnology and is one of the world's largest investors in this sector with approx. CHF 1.2 billion in assets under management. BB Biotech is listed in Switzerland, Germany and Italy. Its investments are focused on listed companies that are developing and commercializing novel medical treatments and cures. BB Biotech's investment selection process is guided by the fundamental research and analysis of physicians and molecular biologists. Its Board of Directors has many years of experience in industry and science. Media Release (PDF): hugin.info/130285/R/1670622/542937.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: BB BIOTECH AG via Thomson Reuters ONE [HUG#1670622]


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