FREE Breaking News Alerts from StreetInsider.com! Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here . Confirmation of the business model’s solidity “In this unprecedented year, Baikowski® demonstrated the solidity of its business model that is propelled by markets with high added value and the globalization of its locations that partially curbed the effects of the pandemic on its ecosystem. Its innovative positioning also allowed it to gain new market shares on high-potential segments in the electronics and automobile industries, making it possible to confirm its development trajectory.” Consolidated figures (in millions of euro) *Audit status of the 2020 financial statements: the audit procedures have been completed and the statutory auditors’ report is being prepared. The Baikowski® Group’s consolidated revenue for the 2020 financial year amounted to €35.6M, showing a limited decline (-12.1%) despite the effects of the public-health crisis due to COVID-19. Activity was driven by ongoing demand from the electronics and polishing markets that remained pretty stable this year, but this trend was not enough to completely offset the impact of the sharp downturn of the aeronautic, automobile and luxury-watch markets. Throughout the year, Baikowski® maintained its sustained investments in innovation in order to prepare for the future and continue pursuing excellence for the bespoke solutions it provides for its clients. The Group’s strategic international network also provides a cushion against the economic situation, making it possible to seize all growth opportunities offered by leading manufacturers in the United States and Asia. Mechanically, the results reflect this variation. EBIT was of €1.7M, i.e., a margin of 4.8% of revenue. EBITDA1 amounted to €6.3M and represents a margin of 17.8% of revenue. 1 EBITDA = Earnings before interest, taxes, depreciation and amortization and including profits from consolidated companies using the equity method Financial income for the 2020 financial year showed a limited expense of -€0.2M (-€0.3M in 2019), representing 0.6% of revenue (0.7% in 2019). Mechanically, the Group’s share in net income for 2020 was of €1.3M, i.e., 3.6% of revenue. The Group has the benefit of a solid and stable financial click this link now situation, with equity amounting to €33.5M€ and net financial debt of €14.5M, down €4.5M from 2019, allowing the Group to post a gearing ratio (net financial debt/net equity) of 43% at the end of 2020. Baikowski® is well-positioned in an environment of increasingly profitable markets. Recipient of the Industry Recovery Plan for France Plan– Strategic Sectors award, the Group continues to pursue its innovation and CSR policies, prioritizing top-notch expertise to support new applications that are particularly promising.https://www.streetinsider.com/Business+Wire/Baikowski%3A+2020+Annual+Results/18246609.html
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needs more genetic sequencing, scientists say “You can’t fix what you don’t measure” is a maxim in the business world. And it holds true in the world of public health as well. Early in the pandemic, the United States struggled to meet the demand to test people for SARS-CoV-2 . That failure meant officials didn’t know the true number of people who had COVID-19. They were left to respond to the pandemic without knowing how quickly it was spreading and what interventions minimized risks. Now the U.S. faces a similar issue with a different type of test: genetic sequencing. Unlike a COVID-19 test that diagnoses infection, genetic sequencing decodes the genome of SARS-CoV-2 virus in samples from patients. Knowing the genome sequence helps researchers understand two important things – how the virus is mutating into variants and how it’s traveling from person to person. Before the COVID-19 pandemic, this kind of genomic surveillance was reserved mainly for conducting small studies of antibiotic-resistant bacteria, investigating outbreaks and monitoring influenza strains. As genomic epidemiologists and infectious disease experts, we perform these kinds of tests every day in our labs, working to puzzle out how the coronavirus is evolving and moving through the population. Particularly now, as new coronavirus variants of concern continue to emerge, genomic surveillance has an important role to play in helping bring the pandemic under control. Scientists load patient sample specimens into a robotic liquid handler to prepare them for sequencing. Nate Langer/UPMC, CC BY-ND Genome sequencing involves deciphering the order of the nucleotide molecules that spell out a particular virus’s genetic code. For the coronavirus, that genome contains a string of around 30,000 nucleotides. Each time the virus replicates, errors are made. These mistakes in the genetic code are called mutations. Most mutations do not significantly change the function of the virus.https://www.pbs.org/newshour/health/to-track-coronavirus-variants-u-s-needs-more-genetic-sequencing-scientists-say