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PharmaSGP achieves top performance in the first half of 2023

EQS-News: PharmaSGP Holding SE / Key word(s): Preliminary Results/Half Year Results
PharmaSGP achieves top performance in the first half of 2023

14.09.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


PharmaSGP achieves top performance in the first half of 2023

Gräfelfing, September 14, 2023 – In the first half of 2023, German OTC pharmaceutical company PharmaSGP Holding SE continued its dynamic performance of the previous quarters, achieving half-year revenues of € 49.7 million based on preliminary, unaudited results. This corresponds to an increase of 18.4% (previous year: € 42.0 million). In the first quarter, PharmaSGP achieved revenues of € 24.0 million, which were exceeded in the second quarter with revenues of € 25.7 million. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) for the first six months of 2023 amounted to € 15.3 million, an increase of 27.0% compared to the previous year. Likewise, the adjusted EBITDA margin increased year-on-year to 30.9% (previous year: 28.8%). In view of the strong performance in the first half of the year, the Management Board sees the company well on track to achieving the targets set for the full year 2023.

CEO Natalie Weigand comments: ”With great satisfaction we look back on the first half of 2023, in which we were able to seamlessly build on the successes of 2022. We see this as further evidence of the success of our scalable, pan-European growth platform, which creates organic and inorganic value for PharmaSGP and its shareholders. It enables us to effectively integrate and grow brands, enter new regions and respond to new opportunities faster than our competitors. Our quarterly figures impressively demonstrate the great potential that we can leverage with our business model.“

CFO Michael Rudolf adds: ”We expect our successful course to continue in the second half of 2023. At the same time, we consider our accomplishments as an incentive to strengthen our European platform with further acquisitions and thus continuously drive forward our growth plans. We continue to pursue the vision of PharmaSGP becoming the leading company in Europe with the broadest portfolio of leading OTC products.”

PharmaSGP will publish its full report for the first half of 2023 on 28 September 2023. In addition, a webcast for interested investors will be held on the same day. The dial-in details will be sent out soon.
 

 

OVERVIEW OF PRELIMINARY YEAR-ON-YEAR FIGURES

Consolidated figures (in € million)H1 2023H1 2022
Revenues49.742.0+18.4%
Adjusted EBITDA15.312.1+27.0%
Unadjusted EBITDA15.411.6+33.3%
Adjusted EBITDA margin30.9%28.8% 
Unadjusted EBITDA margin31.0%27.6% 
    
Revenue by region (in € million)H1 2023H1 2022
Germany37.229.6+25.4%
Italy5.75.3+6.5%
Austria4.84.8+1.8%
Other European countries2.02.3-10.9%
    
Revenue share by regionH1 2023H1 2022 
Germany75%71% 
Italy11%13% 
Austria10%11% 
Other European countries4%5% 
    
Revenues by product category (in € million)H1 2023H1 2022
Health Brands47.640.1+18.9%
Beauty Brands2.11.9+8.3%
    
     

CONTACT

Cometis AG
Claudius Krause
Phone: +49-611-20585528
Email: ir@pharmasgp.com 

 

ABOUT PHARMASGP HOLDING SE

PharmaSGP is a leading consumer health company with a diversified portfolio of over-the-counter (OTC) pharmaceuticals and other healthcare products that are marketed with a focus on the pharmacy distribution channel. These products are mostly based on natural active pharmaceutical ingredients with documented efficacy and few known side effects.

The Company’s core brands cover chronic indications, including rheumatic pain, nerve pain and other age-related ailments. In Germany, PharmaSGP is the market leader for systemic chemical-free pain remedies with its brand families RubaXX® for rheumatic pain and Restaxil® for neuralgic pain. Furthermore, PharmaSGP also offers leading products against sexual weakness and vertigo symptoms. Since introducing the first product from the current product portfolio in 2012, PharmaSGP has successfully established its business model in other European countries, including Austria, Italy, Belgium, Spain and France. In September 2021, the product portfolio was expanded by the brands Baldriparan®, Formigran®, Spalt® and Kamol®, thus also strengthening or developing the indications pain and sleep disorder. The sales territory was expanded to include Switzerland and Eastern Europe. In 2022, PharmaSGP generated revenues of € 85.8 million at an adjusted EBITDA margin of 32.9%.

In order to further expand its competitive position, PharmaSGP plans to increase the number of indications covered by PharmaSGP’s product offering, increase PharmaSGP’s European footprint, and accelerate its growth strategy especially by capitalizing on selected M&A opportunities.



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Language:English
Company:PharmaSGP Holding SE
Lochhamer Schlag 1
82166 Gräfelfing
Germany
E-mail:ir@pharmasgp.com
Internet:https://pharmasgp.com
ISIN:DE000A2P4LJ5
WKN:A2P4LJ
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange
EQS News ID:1725465

 
End of NewsEQS News Service

1725465  14.09.2023 CET/CEST

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