15.03.2023 07:30:06

EQS-News: PharmaSGP confirms record revenue and record profitability for 2022 and publishes forecast for 2023

EQS-News: PharmaSGP Holding SE / Key word(s): Preliminary Results/Forecast
PharmaSGP confirms record revenue and record profitability for 2022 and publishes forecast for 2023

15.03.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


 

PharmaSGP confirms record revenue and record profitability for 2022 and publishes forecast for 2023

 

Gräfelfing, 15 March 2023 Based on preliminary and unaudited figures German OTC pharmaceutical company PharmaSGP Holding SE has achieved a significant increase of 31.3% in revenue resulting in a new record of 85.8 million in financial year 2022. This strong development is attributable to the successful integration of the brands acquired from GlaxoSmithKline, but in particular also to very strong organic growth in the companys existing portfolio. PharmaSGPs European platform put on a strong performance across all regions in financial year 2022. Germany contributed significantly to the companys overall growth, with a 33.4% increase in revenue to 61.3 million. Likewise in Italy, Austria and elsewhere in Europe, there was a significant increase of 26.4% which lifted revenue to a total of 24.5 million.

Adjusted earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) increased even more than revenue to 28.2 million. With a disproportionate increase of 45.3% compared to revenue, the adjusted EBITDA margin also increased from 29.7% to 32.9% compared to the previous year. Both revenue and the adjusted EBITDA margin are thus clearly at the upper end of the forecast, which was only raised in November 2022 due to the positive business development.

Looking ahead to 2023, the Management Board of PharmaSGP expects the success story to continue. Based on purely organic growth on the PharmaSGP platform, the revenues are expected to lie within a range of between 91 million and 96 million. The Board is also forecasting a further substantial increase in adjusted EBITDA, with earnings of between 30 million and 34 million. This equates to a further increase, lifting the adjusted EBITDA margin to between 33.0% to 35.4%. With these figures, PharmaSGP would achieve a result in 2023 which analysts had not anticipated until before 2024. PharmaSGP will publish its full annual report for 2022 on 27 April, 2023.

 

 

OVERVIEW OF PROVISIONAL FIGURES ANNUAL COMPARISON

Consolidated figures (in million ) 2022 2021
Revenue 85.8   65.3   +31.3%
EBITDA adjusted 28.2 19.4 +45.3%
EBITDA unadjusted 27.9 18.5 +51.1%
EBITDA margin adjusted 32.9% 29.7%  
EBITDA margin unadjusted 32.5% 28.3%  
       
Revenue by region (in million ) 2022 2021
Germany 61.3 46.0   +33.4%
Italy 10.5 8.5   +23.2%
Austria 9.8   7.8   +24.9%
Elsewhere in Europe 4.2   3.0   +39.2%
       
Proportion of revenue by region 2022 2021
Germany 71.5% 70.3%  
Italy 12.3% 13.1%  
Austria 11.4% 11.9%  
Elsewhere in Europe 4.8% 4.7%  
       
Revenue by product category (in million ) 2022 2021
Health brands 82.5   61.0   +35.3%
Beauty brands 3.3   4.3   -23.4%
       
         

 

CONTACT

cometis AG
Claudius Krause
Telephone: +49-611-20585528
Email: ir@pharmasgp.comir@sgp-pharma.com

 

ABOUT PHARMASGP HOLDING SE

PharmaSGP is a leading consumer health company with a diversified portfolio of over-the-counter (OTC) pharmaceuticals and other healthcare products that are marketed with a focus on the pharmacy distribution channel. These products are mostly based on natural active pharmaceutical ingredients with documented efficacy and few known side effects.

The Companys core brands cover chronic indications, including rheumatic pain, nerve pain and other age-related ailments. In Germany, PharmaSGP is the market leader for systemic chemical-free pain remedies with its brand families RubaXX® for rheumatic pain and Restaxil® for neuralgic pain. Furthermore, PharmaSGP also offers leading products against sexual weakness and vertigo symptoms. Since introducing the first product from the current product portfolio in 2012, PharmaSGP has successfully established its business model in other European countries, including Austria, Italy, Belgium, Spain and France. In September 2021, the product portfolio was expanded by the brands Baldriparan®, Formigran®, Spalt® and Kamol®, thus also strengthening or developing the indications pain and sleep disorder. The sales territory was expanded to include Switzerland and Eastern Europe. In 2022, PharmaSGP generated revenues of 85.8 million at an adjusted EBITDA margin of 32.9% based on preliminary, unaudited figures.

In order to further expand its competitive position, PharmaSGP plans to increase the number of indications covered by PharmaSGPs product offering, increase PharmaSGPs European footprint, and accelerate its growth strategy especially by capitalizing on selected M&A opportunities.

 



15.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: PharmaSGP Holding SE
Lochhamer Schlag 1
82166 Gräfelfing
Germany
E-mail: ir@pharmasgp.com
Internet: https://pharmasgp.com
ISIN: DE000A2P4LJ5
WKN: A2P4LJ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich
EQS News ID: 1582485

 
End of News EQS News Service

1582485  15.03.2023 CET/CEST

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