Tecan reports double-digit sales growth for 2016

Scientific Company News

Tecan has announced its financial results for 2016, during which it generated an annual sales total of 506.2 million Swiss francs (410.66 million pounds).

This represents a year-on-year increase of 13.5 percent in local currencies, or 15 percent in Swiss francs. Its strong performance in the second half of the year was driven by the successful launch of new products by its life sciences business.

“Tecan has achieved double-digit sales growth during the 2016 business year, with another strong performance forecast for 2017.“

Highlights of the year include the successful integration of Sias, which was acquired in November 2015, and the completion of the takeover of mass spectrometry sample preparation solutions provider SPEware.

The firm also introduced additional features for the Fluent next-generation liquid handling platforms, as well as a new variant of the Spark reader platform.

For 2017, Tecan expects its full-year sales to increase by at least six percent in local currency terms.

Tecan's chief executive officer David Martyr said: "I am pleased that we recorded another year of double-digit sales growth and a further improvement in underlying profitability during 2016."

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