BOIRON : 2013 half-year results

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(Audited data)

(in thousands of Euros) 2012
Published
2012
Restated(1)
2013 Variation
2013/2012
Restated
Sales 241,518 241,518 275,784 +14.2%
Operating income 15,179 17,397 43,005 +147.2%
Net Income - Group share 9,246 9,573 25,724 +168.7%
 
Cash Flow 26,168 26,168 59,853 +128.7%
Tangible and Intangible Net Gross investments 10,943 10,943 8,564 -21.7%
Net cash position 76,172 76,172 105,250 +38.2%

(1) Following application of IAS 19 revised related to post-employment benefits.

· Profitability in the first half-year period improved significantly through:

  • the increase in sales, in particular due to the high incidence of the strong pathology in the 1st quarter;
  • the managed control of operating expenses;
  • cost savings generated by the reorganizations in Italy, Belgium and Switzerland in 2012.

Operating income was however impacted by restructuring costs of ¤6,072 thousand in Spain and Belgium.

· The highlights of the second quarter of 2013 were mentioned in the financial notice dated July 12, 2013 related to first half-year sales.

· Given its first half-year performance, Boiron confirms its target of further increases in sales and profitability in 2013.

The accounts were subjected to a limited review of statutory auditors. The half-year report, including information on activities and results of the first half-year and the 2013 outlook, was published in line with the provisions of Article 221-3 of the French Securities and Exchange Commission Regulations [AMF]. It is available on the Company's website: (http://www.boiron.com/en/Shareholders-and-investors-area/Financial-information/Regulated-information/Financial-reports)

Our next update:
October 24, 2013: at market close, publication of quarterly sales and financial information as of September 30, 2013.
Person responsible for financial information: Philippe MONTANT
Contact for financial information: Véronique BOUSCAYROL
Investor relations: +33 (0)4.78.45.63.43 -email: finances@boiron.fr
ISIN Code: FR0000061129 (BOI) - Bloomberg: BOI FP - Reuters: BOIR.PA
The group's financial information is online at: www.boiron.com

Information réglementée
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