BOIRON : 2013 half-year results
|(in thousands of Euros)||2012
|Net Income - Group share||9,246||9,573||25,724||+168.7%|
|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)188.8.131.52.43 -email: firstname.lastname@example.org
ISIN Code: FR0000061129 (BOI) - Bloomberg: BOI FP - Reuters: BOIR.PA
The group's financial information is online at: www.boiron.com
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