Celesio Announces Group Earnings Results for Fiscal 2016; Provides Earnings Guidance for Fiscal 2017
In fiscal year 2017, on a constant currency basis and excluding disposals, the board expects revenue and adjusted earnings growth slightly above the market and considerably higher than fiscal year 2016. The disposal of Celesio's Norwegian and Swedish operations, and weakening British pound will weigh on the company's consolidated revenue and earnings. As a result, the Management Board expects revenue slightly below fiscal year 2016 and adjusted EBIT considerably below fiscal year 2016 for continued operations.