Weifa ASA : First quarter 2015 results - continued growth and a solid quarter for both segments
(Thomson Reuters ONE) -
Oslo, 28 April 2015
Weifa ASA (OSE: WEIFA) had consolidated revenues of NOK 151.3 million in the
first quarter, which mainly represents the revenue of Weifa AS which was
acquired 15 August 2014.
Consolidated EBITDA was NOK 23.4 million for the period, after calculated costs
of employee options of NOK 1.4 million and an accrual for employee bonuses for
the first quarter of NOK 1.0 million. The group also incurred one-off costs of
approximately 1.0 million relating to the planned spin-off of Weifa's B2B
business.
Weifa AS, on a stand-alone basis, had revenues of NOK 151.6 million (142.5) and
EBITDA of NOK 27.0 million (24.9) in the first quarter, after an accrual for
employee bonuses for the quarter of NOK 1.0 million (0.0), and one-off costs of
NOK 1.0 million (0.0).
- Weifa reports solid results for the first quarter, primarily supported
by improved revenues in Consumer Health, as we maintained our position as the
category leader in pain relief and continued our growth in the cough and cold
category. In addition, our exciting product pipeline bodes well for future
growth in Consumer Health, comments CEO Kjell-Erik Nordby.
- In B2B, our volumes and revenues are developing according to
expectations, our factories are running at full capacity, and approx. 95% of the
metformin volume for 2015 has been contracted.
- Following the recent resolution by the general meeting to split the
company in two distinct entities - Weifa (consumer health) and Vistin Pharma
(B2B and contract production) - our company is entering a new chapter. From both
a financial and an industrial perspective, this solution secures each business
the best potential for development, and I am excited about the future for both
companies.
Weifa will give a presentation today at 08:30 CET at Felix Konferansesenter,
Bryggetorget 3, Oslo, Norway. CEO Kjell-Erik Nordby, VP Consumer Health Kathrine
Gamborg Andreassen and CFO Gunnar Manum will represent the company.
The presentation will also be webcast live and can be accessed directly from
http://webtv.hegnar.no/presentation.php?webcastId=20159852 or
www.weifa.no/en/Investors. Questions can be submitted live during the
presentation.
.The first quarter report and presentation is attached, and will be made
available on www.weifa.no.
For further information, please contact:
Kjell-Erik Nordby
CEO
+47 91 36 42 80
kjell.erik.nordby(at)weifa.no
Gunnar Manum
CFO
+47 95 17 91 90
gunnar.manum(at)weifa.no
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Weifa ASA first quarter presentation 2015:
http://hugin.info/136972/R/1915558/684747.pdf
Weifa ASA first quarter report 2015:
http://hugin.info/136972/R/1915558/684746.pdf
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Weifa ASA via GlobeNewswire
[HUG#1915558]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2015 - 07:05 Uhr
Sprache: Deutsch
News-ID 388832
Anzahl Zeichen: 3714
contact information:
Town:
Oslo
Kategorie:
Business News
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