Protek OAO
Protek OAO: Protek Group announces 1HY-2012 financial results
Protek OAO / Key word(s): Half Year Results **NOT FOR DISTRIBUTION, EITHER DIRECT OR INDIRECT, IN THE USA, AUSTRALIA, CANADA, OR JAPAN** August 30, 2012 Moscow Protek Group announces 1HY-2012 financial results Protek Group (PRTK: RTS, MICEX), one of the major pharmaceutical companies in Russia operating in all segments of the pharmaceutical market (production, distribution, and retail sales), announces its financial results for 1HY-2012. In 1HY-2012, the Group's consolidated revenue increased by 19.6% y-o-y to RUB 56,844 mln. The Group made a gross profit of RUB 7,209 mln., driving the gross margin to 12.7%. The Group's EBITDA amounted to RUB 1,903 mln., with EBITDA margin reaching 3.3%. The Group's and Segments' Financial Highlights, 1HY-2012:
The Group's and Segments' Financial Highlights, 1HY-2011:
The key drivers behind the Group's financial performance in 1HY-2012 were: As at 30 June 2012, financial debt was RUB 148 mln.
Mr. Vadim Muzyayev, President of Protek Group, has commented on the 1HY-2012 financial results: 'Over the period, the Group delivered significant performance improvement year-on-year both for the Group as whole and across the business segments. Distribution Segment was the top performer, with almost four times EBITDA margin growth. This strong performance is partly attributable to the low base effect of the previous year (due to profitability improvement measures) but also, importantly, to the effective measures to boost commercial sales (+ 25.1%) and sustaining commercial mark-up levels. Other important performance drivers were better product range performance (with 19.1% increase in revenue achieved against a backdrop of 7.5% package sales reduction) and operating cost savings.
Contacts:
The Company warns that these forward looking statements are but forecasts that may differ significantly from actual events and performance. The Company does not intend to supplement, amend, update or revise any of the forward-looking statements contained in this press release to reflect any events or circumstances occurring after the publication of this press release, or any extraordinary circumstances. Multiple factors, including, in particular, overall economic conditions, competitive environment and many other risks inherent to the Company and its operations, may result in actual performance differing substantially from these forecasts and forward-looking statements of the Company. End of Corporate News 30.08.2012 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
183533 30.08.2012 |