BERLIN (dpa-AFX) - Celesio AG (CAKFF.PK), a provider of logistics and services to the pharmaceutical and healthcare sectors, Thursday reported that its net profit for the nine month period surged to 189.6 million euros from 36.7 million euros last year.
Earnings per share were 0.92 euro, higher than 0.18 euro a year ago.
On a continuing operations basis, net profit grew 57.8 percent to 202.9 million euros from 128.6 million euros last year.
Adjusted profit was 212.7 million euros, compared to 183.7 million euros last year.
In the first nine months of fiscal year 2016, Celesio generated group revenue of 16.23 billion euros, up 6.8 percent from last year's 15.20 billion euros. Revenues grew 3.6 percent on a constant currency basis.
Looking ahead, Celesio expects that revenue and adjusted EBIT from continued operations for fiscal year 2016 will be slightly ahead of initial expectations for fiscal year 2016 driven by positive exchange rate effects.
The company was projecting adjusted EBIT for fiscal 2016 to be in line with the adjusted EBIT for the adjusted fiscal 2014 excluding the benefit in fiscal 2014 from the pension in Norway.
The company does not expect any acquisitions to have a material financial impact on fiscal year 2016.
Copyright RTT News/dpa-AFX