McKesson Europe AG
Celesio AG: Celesio announces results for fiscal 2014
Celesio AG / Key word(s): Final Results Celesio announces results for fiscal 2014 – Guaranteed dividend amounting to 0.83 euro Stuttgart, 17 March 2015. Celesio generated group revenue of 22,325.9 million euro in fiscal 2014, which is up 4.3 per cent year-on-year. When adjusted for currency effects, revenue actually increased by 4.2 per cent. Market growth in Germany as well as in Brazil and the good revenue performance in the United Kingdom, in Austria and in Norway more than compensated the loss in revenue of the Irish wholesale business, which was consolidated until May 2013. Adjusted earnings before interest and taxes (EBIT) fell by 3.0 per cent from 423.6 million euro to 410.9 million euro. On an operational basis, in particular the very good performance in the United Kingdom and Norway as well as supportive developments in other countries could compensate for the unfavourable trends in Brazil and France. EBIT was impacted by one-off effects in Brazil and Portugal. Performance in the divisions Revenue in the Consumer Solutions division – the pharmacy business – increased by 7.8 per cent from 3,411.9 million euro to 3,677.8 million euro. After adjustments for currency effects, revenue rose by 5.5 per cent. After adjustments for non-recurring effects, EBIT increased significantly by 26.7 per cent from the previous year’s figure of 206.9 million euro to 262.0 million euro in 2014. This development is mainly driven by the substantial positive contribution from the reduction in pension costs in Norway and purchasing activities which improved earnings in all countries. Revenue in the Pharmacy Solutions division – the wholesale business – increased by 3.6 per cent from 17,996.0 million euro to 18,648.6 million euro. After adjustments for currency effects, revenue increased by 4.0 per cent. After adjustments for non-recurring effects, EBIT decreased by 23.3 per cent from 307.3 million euro to 235.8 million euro. On the one hand there was a favourable development in the United Kingdom, in Norway and in Austria; on the other hand challenging conditions prevailed in Germany, in Brazil, in Portugal, in France and in Belgium. Dividend for 2014 As the domination and profit and loss transfer agreement between Celesio AG and McKesson Deutschland GmbH & Co. KGaA became effective on 2 December 2014, the guaranteed dividend amounting to 0.83 euro is granted for fiscal 2014 by McKesson Deutschland. Earnings forecast In addition to cost structures, we will also continue optimizing the efficiency of our companies. However, the development of the upcoming short fiscal 2015 will be burdened by government intervention in several markets accompanied by special effects from the integration process and the ongoing challenging environment in Germany, in Brazil, in France and in Belgium. Therefore the Management Board expects revenue to increase moderately, and adjusted EBIT to be slightly below the unaudited figures for the first quarter 2014. Overall, Celesio assumes that both revenue and adjusted EBIT for fiscal 2016 will return to the level of fiscal 2014.
1) Adjusted for special effects from defined non-recurring expenses and income (including tax effect). 2) Closing figures as at 31 December 2013. 3) Closing figures at the end of the reporting period. 4) Based on EBITDA of the last twelve months.
Press Contact Rainer Berghausen, Celesio AG, +49 (0) 711.5001-549 Investor Relations Creditor Relations Tobias Mommertz, Celesio AG, +49 (0) 711.5001-395 About the Celesio Group 2015-03-17 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Celesio AG | |
Neckartalstr. 155 | ||
70376 Stuttgart | ||
Germany | ||
Phone: | +49 (0)711 5001-735 | |
Fax: | +49 (0)711 5001-740 | |
E-mail: | investor@celesio.com | |
Internet: | www.celesio.com | |
ISIN: | DE000CLS1001 | |
WKN: | CLS100 | |
Indices: | MDAX | |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Hamburg, Hanover; Terminbörse EUREX | |
End of News | DGAP News-Service |
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