Galenica Group half-year results 2018
Press release, Tuesday, 7 August 2018
Galenica: result and profitability improved significantly
Price reduction measures affect sales
The Galenica Group posted solid growth in the first half of 2018, in what continued to be a very challenging market environment. Consolidated net sales increased by 0.9% to CHF 1,566.1 million. Sales growth was slowed by additional price reduction measures for medications, which were significantly higher than originally announced by the authorities.
Pleasing EBIT growth with improved profitability
Excluding the one-off effects from the prior-year period and the effects of IAS 19, EBIT rose by 7.5%, and return on sales (ROS) improved from 4.5% to 4.8%. Taking into account one-off effects, earnings before interest and taxes (EBIT) declined by 2.0% to CHF 70.1 million, and excluding the effects of IAS 19 by 2.3% to CHF 74.9 million.
Excluding the one-off effects from 2017 and the effects of IAS 19, net profit increased by 8.2%. Taking into account one-off effects, net profit declined by 2.4% to CHF 56.5 million, and excluding the effects of IAS 19 by 2.7% to CHF 60.4 million.
Key figures for the Galenica Group, first half of 2018
(in million CHF) | 1st half year 2018 |
1st half year 2017 | Change |
Net sales1) Galenica Group |
1'566.1 |
|
|
EBIT adjusted2) Galenica Group |
74.9 |
|
|
Net profit adjusted2) | 60.4 | 62.14) | -2.7% |
1) Sales figures for the prior-year period have been restated in line with the new IFRS 15 accounting standards, which came into effect on 1 January 2018.
2) Excluding the effects of IAS 19
3) Including one-off effects of CHF 7.0 million
4) Including one-off effects of CHF 6.3 million
Other press releases
Early succession planning for the Head of Products & Brands Business sector
Press release, Friday, 21 September 2018
First Annual General Meeting of Galenica Ltd.
Press release, Wednesday, 9 May 2018
Annual results of the Galenica Group 2017
Press release, Tuesday, 13 March 2018
Contact
Galenica Ltd.
3027 Bern
Tel. +41 58 852 85 17
Mobile +41 79 371 77 24
Fax +41 58 852 85 58