DGAP-News: Protek OAO: Protek Group announces 1HY-2012 financial results
ID: 179041
(firmenpresse) - EquityStory.RS, LLC-News: Protek OAO / Key word(s): Half Year Results
Protek OAO: Protek Group announces 1HY-2012 financial results
30.08.2012 / 12:45
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**NOT FOR DISTRIBUTION, EITHER DIRECT OR INDIRECT, IN THE USA, AUSTRALIA,
CANADA, OR JAPAN**
August 30, 2012 Moscow
Protek Group announces 1HY-2012 financial results
Protek Group (PRTK: RTS, MICEX), one of the major pharmaceutical companies
in Russia operating in all segments of the pharmaceutical market
(production, distribution, and retail sales), announces its financial
results for 1HY-2012.
In 1HY-2012, the Group's consolidated revenue increased by 19.6% y-o-y to
RUB 56,844 mln.
The Group made a gross profit of RUB 7,209 mln., driving the gross margin
to 12.7%.
The Group's EBITDA amounted to RUB 1,903 mln., with EBITDA margin reaching
3.3%.
The Group's and Segments' Financial Highlights, 1HY-2012:
GrossThe Group's and Segments' Financial Highlights, 1HY-2011:
Revenue,RUB profit,RUB Gross EBITDA,RUB EBITDA
mln. mln. margin, % mln. margin,%
GROUP 56,844 7,209 12.7% 1,903 3.3%
Distri-
bution 49,385 3,881 7.9% 1,166 2.4%
Retail
Sales 7,743 2,349 30.3% 327 4.2%
Produc-
tion 2,920 1,160 39.7% 563 19.3%
GrossThe key drivers behind the Group's financial performance in 1HY-2012 were:
Revenue,RUB profit,RUB Gross EBITDA,RUB EBITDA
mln. mln. margin, % mln. margin, %
GROUP 47,511 6,305 13.3% 851 1.8%
Distri-
bution 41,475 3,372 8.1% 241 0.6%
Retail
Sales 6,749 2,122 31.4% 240 3.6%
Produc-
tion 2,483 909 36.6% 449 18.1%
- higher operating profit margins, focus on commercial market sales, and
operating cost savings in distribution;
- organic growth, leveraging on the multi-format retail operations,
efficient product range and pricing policies in retail sales (own brand
development, managing purchase price through tendering);
- continued increase in the number of own brands in the Production Segment.
As at 30 June 2012, financial debt was RUB 148 mln.
Mr. Vadim Muzyayev, President of Protek Group, has commented on the
1HY-2012 financial results: 'Over the period, the Group delivered
significant performance improvement year-on-year both for the Group as
whole and across the business segments. Distribution Segment was the
top performer, with almost four times EBITDA margin growth. This strong
performance is partly attributable to the low base effect of the previous
year (due to profitability improvement measures) but also, importantly, to
the effective measures to boost commercial sales (+ 25.1%) and sustaining
commercial mark-up levels. Other important performance drivers were better
product range performance (with 19.1% increase in revenue achieved against
a backdrop of 7.5% package sales reduction) and operating cost savings.
The Retail Sales Segment's financial performance was attributable to our
focus on boosting our competitive edge (further development of multi-format
pharmacies), organic retail chain growth, and improved product range (in
particular, a significant increase in the number of own brand products).
The Production Segment demonstrated revenue growth of 17.6% accompanied by
EBITDA margin improvement to 19.3% from 18.1%, driven primarily by our
continuing policy of own brand portfolio expansion.'
Contacts:
OAO Protek
Phone: +7 (495) 737-35-51
e-mail: ir(at)protek-group.ru
www.protek-group.ru
***
Matters discussed in this press release may constitute forecasts and other
forward-looking statements concerning future events or financial
performance of the Company. The words 'believe', 'expect', 'anticipate',
'intend', 'plan', 'estimate', 'aim', 'forecast', 'project', 'will', 'may',
'might', 'should', 'could' and similar expressions (or their negative)
identify certain of these forward-looking statements.
The Company warns that these forward looking statements are but forecasts
that may differ significantly from actual events and performance. The
Company does not intend to supplement, amend, update or revise any of the
forward-looking statements contained in this press release to reflect any
events or circumstances occurring after the publication of this press
release, or any extraordinary circumstances.
Multiple factors, including, in particular, overall economic conditions,
competitive environment and many other risks inherent to the Company and
its operations, may result in actual performance differing substantially
from these forecasts and forward-looking statements of the Company.
End of Corporate News
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183533 30.08.2012
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Datum: 30.08.2012 - 12:45 Uhr
Sprache: Deutsch
News-ID 179041
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