26 oct

Lower result pharmacies

Financial highlights


Net sales
Up 2% to € 671.8 million due to acquisitions and organic growth at Direct & Institutional.

EBITA from ordinary activities*
Down 13% to € 27.9 million due to lower results at Pharmacies Netherlands and Pharmacies Poland.

Net earnings per share from ordinary activities*
Down 4% to € 0.33 due to lower EBITA from ordinary activities partly compensated by lower financial costs and a lower number of shares outstanding.

Cash flow
Cash flow from operating activities of € 54.6 million, benefiting from improved working capital position.

Outlook 2011
EBITA of € 123 million to € 127 million reconfirmed.

Operational highlights


Direct & Institutional

© Publicnow - 2011