Weifa ASA : Second Quarter Results 2015
(Thomson Reuters ONE) -
Oslo, 25 August 2015
Weifa ASA: Second Quarter 2015. A pure consumer health company. Board proposes
dividend.
Weifa ASA (OSE: WEIFA) has become a pure consumer health company following the
spin-off of its B2B operations and tablet manufacturing on 1 June 2015. The
gross consideration of NOK 120 million from the sale has strengthened the
balance sheet, and the board proposes a dividend of NOK 0.09 per share to be
paid out in Q4. Going forward, Weifa is positioned to pursue an ambitious growth
strategy.
Weifa maintained high market shares in all categories and segments in both the
pharmacy and mass market channels during the second quarter. Total revenues for
the continued operations of the consumer health business in Weifa ASA in the
first half 2015 was NOK 158 million, representing an increase of 7.4 percent
from the same period last year. EBITDA from continued operations came to NOK
31.6 million before the calculated cost of employee options, corresponding to an
EBITDA margin of 20 percent. Total revenues for the second quarter amounted to
NOK 70.6 million and EBITDA was NOK 12.7 million before option cost, giving an
EBITDA margin of 18 percent.
"A late Easter and a one-week warehouse closure while executing the split
between Weifa and Vistin Pharma caused the decrease in revenues and EBITDA
margin in second quarter. However, the figures for first half show a solid
growth, and we maintained high market shares in all our key categories. Going
forward, we expect revenue growth and EBITDA margin to continue in line with the
first half of 2015 ", says CEO Kathrine Gamborg Andreassen.
Weifa will give a presentation today at 08:30 CET at Felix Konferansesenter,
Bryggetorget 3, Oslo, Norway. CEO Kathrine Gamborg Andreassen and CFO Simen
Nyberg-Hansen will represent the company.
Please find the report and presentation for the second quarter and first half
2015 enclosed. The report and presentation will also be made available on
www.weifa.no.
For further information, please contact:
Kathrine Gamborg Andreassen
CEO
+47 95 17 86 80
kathrine.gamborg.andreassen(at)weifa.no
Simen Nyberg-Hansen
CFO
+47 98 20 63 55
simen.nyberg-hansen(at)weifa.no
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Weifa ASA 2nd Quarter Presentation 2015:
http://hugin.info/136972/R/1947294/707030.pdf
Weifa ASA 2nd Quarter Report 2015:
http://hugin.info/136972/R/1947294/707031.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(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#1947294]
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2015 - 08:15 Uhr
Sprache: Deutsch
News-ID 415640
Anzahl Zeichen: 3369
contact information:
Town:
Oslo
Kategorie:
Business News
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