Bachem Holding AG reported earnings results for the first half of 2018. For the year, the company reported sales of CHF 110.9 million against CHF 119.5 million a year ago. EBITDA was CHF 28.9 million against CHF 31.7 million a year ago. EBIT was CHF 18.0 million against CHF 21.4 million a year ago. Net income was CHF 16.5 million or CHF 1.21 per share against CHF 15.8 million or CHF 1.16 per share a year ago. Cash flow from operating activities was CHF 1.2 million against CHF 14.6 million a year ago.

Bachem expects fiscal 2018 to be a very good year for the company. Sales growth for the year 2018 is put at the lower end of the long-term forecast of 6% to ­10% p.a., and operating profit is expected to make further progress in line with sales.