April 20, 2017

2017 FIRST QUARTER BOIRON ACTIVITY (Unaudited data)

in thousands of euros

2016

2017

Variation at

current exchange

rates

Variation at constant exchange

rates

France

90,494

97,134

+7.3%

+7.3%

Europe (excluding France)

43,685

40,418

-7.5%

-11.9%

North America

16,064

18,179

+13.2%

+8.9%

Other countries

3,846

4,532

+17.8%

+12.8%

Group total

154,089

160,263

+4.0%

+2.2%

in thousands of euros

2016

2017

Variation at

current exchange

rates

Variation at constant exchange

rates

Non-proprietary Homeopathic Medicines

80,147

81,016

+1.1%

+0.9%

OTC Specialties

73,743

78,968

+7.1%

+3.5%

Other

199

279

+40.2%

+40.2%

Group total

154,089

160,263

+4.0%

+2.2%

HIGHLIGHTS OF THE FIRST QUARTER

The turnover in the first quarter of 2017 grew by 4% in comparison to the first quarter of 2016 (+2.2% at constant exchange rates) due to the favorable impact of the exchange rates of the rouble and the US dollar.

This growth concerns most countries with the exception of Russia, Romania and Spain.

On April 7, 2017, the Laboratoires Boiron and the Laboratoires Arkopharma have finalized the acquisition by Boiron of the Laboratoire Ferrier, a subsidiary of Arkopharma.

For the current year, we remain cautious about the evolution of sales and results.

Our company carries on the development of homeopathy in the world with the same determination.

Our next updates:

May 18, 2017 at 10:30 am, at BOIRON headquarters, 2 avenue de l'Ouest Lyonnais, 69510 MESSIMY - FRANCE: Mixed Shareholders' Meeting.

June 2, 2017: after approval by the Mixed Shareholders' Meeting, payment of the proposed dividend (€1.60 per share). July 20, 2017: after the close of the stock market, publication of the sales on June 30, 2017.

Person responsible for financial information: Christian Boiron Contact for financial information: Véronique Bouscayrol

Investor relations: +33 (0) 4.78.45.63.43 - e-mail : boironfinances@boiron.fr ISIN Code: FR0000061129 (BOI) - Bloomberg: BOI FP - Reuters: BOIR.PA

The group's financial information is online at: www.boironfinance.com

Boiron SA published this content on 20 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 April 2017 18:31:08 UTC.

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