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Abcam plc (AIM: ABC) - usual excellence from another of AIM’s blue chips and one of our favourites

09/03/2015 · Abcam (ABC) 

The global leader in the supply of life science research tools, and one one of AIM’s huge success stories announced positive interim results for the six months ended 31 December 2014 demonstrating that the growth engine is still firing.

With its headquarters in Cambridge, Abcam was admitted to AIM in 2005 and has delivered handsomely for shareholders. The Group is a true global leader in the supply of life science research tools, with a wide range of products and expert technical support, enabling scientists to analyse living cells at the molecular level and improving the understanding of health and disease.

In the 6 months to 31st December product revenue increased to £62.7m (H1 2014: £56.8m), representing growth of 16.7% on a constant currency basis and 10.4% on a reported basis.

Total revenue increased to £66.7m (H1 2014: £61.9m), representing growth of 13.8% on a constant currency basis and 7.7% on a reported basis

Gross margins fell marginally to 70.4% (H1 2014: 70.9%), reflecting some currency headwinds in the period but the adjusted operating margin was still a whopping 35.4% (H1 2014: 36.8%), with reported operating margin 32.8% (H1 2014: 34.1%). EBITDA was £25.8m, representing growth of 5.8% over H1…

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