DGAP-News: Medios AG / Key word(s): Final Results/Forecast
Medios AG expects another significant increase in sales and profits for fiscal year 2017
- Due to persistently high demand for personalized medicine, the management board expects a sales increase of 25 percent for 2017
- Thanks to extremely positive performance of the Specialty Pharma market, the company continues its dynamic growth trend in 2016
Berlin, April 28, 2017 - Medios AG, a competence partner and solution provider in the Specialty Pharma segment, expects another significant increase in sales and profits for fiscal year 2017. Due to persistently high demand for personalized medicine, the management board expects sales of around EUR 200 million for the group. That represents a growth rate of 24.7 percent over the pro forma figures (IFRS) for fiscal year 2016. For earnings before taxes (EBT), management expects around EUR 7 million, a 21.3 percent increase.
Manfred Schneider, CEO of Medios AG: "The Specialty Pharma market will again grow significantly in coming years. Therefore, we will increase the number of our wholesale partner pharmacies and expand our product range. In addition, we will build a new manufacturing facility to expand production capacity and further drive the digitalization of the Specialty Pharma business forward. By purchasing a property in Berlin-Charlottenburg and forming our new subsidiary, Medios Digital, we have laid the groundwork this year for implementing our plans in the near future. It is our goal to be the leading provider of Specialty Pharma in Germany."
During the past fiscal year 2016, Medios AG continued its dynamic growth trend thanks to the extremely positive performance of the Specialty Pharma market. Based on the pro forma profit and loss statement (IFRS), the group sales rose by 78 percent to EUR 160.4 million compared to the prior year (p.y. EUR 90.1 million). Operating result (EBIT) made disproportionate gains of 104.2 percent to EUR 5.78 million (p.y. EUR 2.83 million), thus improving profitability: The EBIT margin rose to 3.6% (p.y. 3.1%). Earnings before taxes (EBT) likewise increased significantly by 106.1 percent to EUR 5.77 million (p.y. EUR 2.80 million). This essentially confirms the annual figures published in February which were based on provisional consolidated calculations (pro forma, IFRS).
The annual report published by Medios AG today includes the pro forma IFRS figures as well as the IFRS financial statements. Due to the intra-year creation of the current Medios Group, these statements are affected by special factors and therefore have little meaning. The special factors especially include a different consideration of financial data for the group companies as a result of IFRS. Accordingly, Medios Pharma GmbH was considered for the entire calendar year, Medios AG for four months, and Medios Manufaktur GmbH for the months of November and December. Moreover, additional extraordinary personnel expenses resulting from shareholder options, which were neutral in financial terms, were recorded along with value adjustments caused by the in-kind contribution of Medios Pharma GmbH to Medios AG. On the basis of the corresponding consolidated profit and loss statement (IFRS), sales were EUR 133.2 million, operating result (EBIT) EUR -0.82 million, and earnings before taxes (EBT) EUR -2.11 million. Adjusted for special factors, this yields an EBIT of EUR 4.7 million.
The annual report for Medios AG was published today and is available for download at http://medios.ag/en/investor-relations/publications.
About Medios AG
|Phone:||+49 30 232 566 - 800|
|Fax:||030 / 8321 8377|
|Listed:||Regulated Market in Frankfurt (General Standard), Hamburg; Regulated Unofficial Market in Dusseldorf|
|End of News||DGAP News Service|