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Celesio AG: Celesio announces results for short fiscal year 2015

DGAP-News: Celesio AG / Key word(s): Final Results
Celesio AG: Celesio announces results for short fiscal year 2015

17.06.2015 / 10:00

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Celesio announces results for short fiscal year 2015

Stuttgart, 17 June 2015. Celesio generated group revenue of 5,269.1 million
euro in short fiscal year 2015 ended 31 March, 2015, up 5.6 per cent on the
previous-year period figure of 4,990.2 million euro. Overall positive
exchange rate effects amounted to 142.2 million euro, mainly related to the
British pound. Adjusted earnings before interest and taxes (EBIT) fell by
19.9 per cent from 98.0 million euro in the previous year period to 78.6
million euro driven by the impact of state-imposed price reductions in the
United Kingdom, weak market condition in France and the loss of a hospital
contract in Norway.

Performance in the divisions

Revenue in the Consumer Solutions division - the pharmacy business -
increased by 13.1 per cent in short fiscal year 2015 from 865.6 million
euro in the previous year period to 979.0 million euro. The performance was
supported by overall positive currency exchange rate effects, driven by
market growth and growth from service agreements with hospitals in the
United Kingdom. Thereby overall positive exchange rate effects amounted to
62.0 million euro, mainly related to the British pound sterling.

After adjustments for non-recurring effects, EBIT decreased by 11.2 per
cent from the previous year's figure of 52.7 million euro to 46.8 million
euro in short fiscal year 2015. Some larger one-offs such as the write of
an IT project in the United Kingdom led to a substantial decrease in EBIT.

Revenue in the Pharmacy Solutions division - the wholesale business -
increased by 4.0 per cent from 4,124.6 million euro to 4,290.1 million
euro. A strong flu season and the gain of an exclusive distribution
contract with a major manufacturer in the United Kingdom and overall
positive currency effects of 80.2 million euro from the British pound have
contributed to this growth.

After adjustments for special effects, EBIT decreased by 4.9 per cent from
67.5 million euro in the previous year period to 64.2 million euro in short
fiscal year 2015.The negative effect of the loss of the hospital contract
in Norway as well as the weak market conditions in France weighed on EBIT.
Overall positive currency effects, mainly caused by the British pound,