EQS-News

PharmaSGP exceeds the € 100 million revenues mark in 2023 and plans further profitable growth in 2024

EQS-News: PharmaSGP Holding SE / Key word(s): Preliminary Results/Forecast PharmaSGP exceeds the € 100 million revenues mark in 2023 and plans further profitable growth in 2024 16.04.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. PharmaSGP exceeds the € 100 million revenues mark in 2023 and plans further profitable growth in 2024

Gräfelfing, April 16, 2024 – German OTC pharmaceutical company PharmaSGP Holding SE continued the successful development of previous years in the 2023 financial year and exceeded the € 100 million revenues mark for the first time in the company's history at € 101.1 million based on preliminary, unaudited figures. The increase in revenues of 17.8% compared to the prior-year period (€ 85.8 million) is based on the strong organic growth achieved by PharmaSGP through the consequent execution of its well-proven platform strategy. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) amounted to € 34.1 million in the 2023 financial year, an increase of 20.8% compared to the previous year (€ 28.2 million). As a result, the adjusted EBITDA margin rose to 33.7% (previous year: 32.9%). Both revenues and adjusted EBITDA are slightly above the 2023 forecast.

CEO Natalie Weigand comments: "With great satisfaction we look back on a successful financial year 2023, in which we achieved a strong performance in terms of both revenues and profitability. The fact that we achieved our growth exclusively organically demonstrates the sustainable strength of our platform strategy and the efficiency of our marketing activities."

CFO Michael Rudolf adds: "We reached a milestone last year by exceeding the € 100 million revenues mark for the first time. The fact that we slightly exceeded our forecast in terms of revenues and adjusted EBITDA in an overall challenging market environment impressively underlines the resilience of our growth strategy. This will also enable us to achieve further growth in the future and to optimally exploit the potential of our business model."