VIENNA (dpa-AFX) - Celesio Group (CAKFF.PK) reported 2014 net profit of 52.4 million euros, compared to 166.4 million euros, previous year. Basic earnings per share was 0.25 euros, compared to 0.94 euros. Adjusted profit from continuing operations was 216.6 million euros, compared to 186.4 million euros, previous year.
Adjusted earnings before interest and taxes (EBIT) from continuing operations fell by 3.0 percent to 410.9 million euros from 423.6 million euros. The company said its EBIT was impacted by one-off effects in Brazil and Portugal.
Group revenue was 22.33 billion euros, an increase of 4.3 per cent year-on-year. When adjusted for currency effects, revenue increased by 4.2 percent.
As the domination and profit and loss transfer agreement between Celesio AG and McKesson Deutschland GmbH & Co. KGaA became effective on December 2, 2014, the guaranteed dividend amounting to 0.83 euros is granted for fiscal 2014 by McKesson Deutschland.
Looking forward, the Group said the development of the upcoming short fiscal 2015 will be burdened by government intervention in several markets accompanied by special effects from the integration process and the ongoing challenging environment in Germany, in Brazil, in France and in Belgium. The Management Board of Celesio expects revenue to increase moderately, and adjusted EBIT to be slightly below the unaudited figures for the first quarter 2014.
Overall, Celesio assumes that both revenue and adjusted EBIT for fiscal 2016 will return to the level of fiscal 2014.
Copyright RTT News/dpa-AFX