EQS-News

PharmaSGP continues dynamic business development with significant revenues growth in Q1 2024

EQS-News: PharmaSGP Holding SE / Key word(s): Quarter Results/Preliminary Results PharmaSGP continues dynamic business development with significant revenues growth in Q1 2024 14.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. PharmaSGP continues dynamic business development with significant revenues growth in Q1 2024

Gräfelfing, May 14, 2024 – German OTC pharmaceutical company PharmaSGP Holding SE continued the positive business development of 2023 in the first quarter of 2024 and achieved an increase in revenues of 25.6% to €30.1 million (prior-year quarter: €24.0 million) based on preliminary, unaudited figures. Compared to the previous year, adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) rose from €7.0 million to €8.9 million in the first three months of 2024. The resulting adjusted EBITDA margin increased quarter-on-quarter to 29.4% (prior-year quarter: 29.2%).

CEO Natalie Weigand comments: “After an outstanding year 2023 and significantly faster growth than the market, we are very proud to be able to continue this development in 2024. Accordingly, we have further strengthened our position as a fast-growing OTC consumer health company in Europe in the first three months of 2024 thanks to our well-proven platform model and effective marketing strategies.”

CFO Michael Rudolf adds: “The revenues figures for the first quarter of 2024 reflect in particular PharmaSGP’s potential in foreign markets. As expected, the adjusted EBITDA margin of 29.4% was slightly higher than in the prior-year quarter. With the revenues and earnings margin achieved in the first three months of 2024, we see ourselves well on track for another year of profitable growth.”

In the current financial year 2024, revenues are expected to be in a range between €107.0 million and €112.0 million. The Management Board expects adjusted EBITDA to increase to between €35.0 million and €38.0 million. This corresponds to an adjusted EBITDA margin of 32.7% to 33.9%.

PharmaSGP will publish its full statement for the first three months of 2024 on May 28, 2024.

 

OVERVIEW OF PRELIMINARY YEAR-ON-YEAR FIGURES