Coloplast A/S acquires SAS Lilial
Coloplast A/S announced today that it has entered into a definitive agreement
to acquire SAS Lilial (Lilial) for a cash consideration of EUR 35.5m equal to
approx. DKK 264m on a cash and debt-free basis. The transaction is subject to
customary closing conditions, and is expected to close before year-end 2017.
Lilial is a privately owned, French direct-to-consumer home delivery company
with nationwide distribution of primarily catheter and ostomy supplies, founded
in 2003. Lilial provides patients with products from a number of different
manufacturers including Coloplast. The company is expected to record sales of
approx. EUR 33m or approx. DKK 246m for the full-year 2017. The company has
approx. 80 employees.
The acquisition is a continuation of Coloplast's overall ambition to bring
innovative products and services to the market and secure access to innovative
products for our end users. Furthermore, the acquisition strengthens
Coloplast's position and offering in France and provides further access to
payers. Coloplast expects to continue to work closely with healthcare
professionals and channel partners with the intent of improving overall end
user outcomes.
The transaction is expected to contribute to Coloplast's long-term growth
ambition. The acquisition will, if completed, lead to a revised financial
guidance for the financial year 2017/18:
-- The organic revenue growth guidance of ~7% is unchanged. The growth in DKK
of 5-6% based on spot rates as of 31 October 2017 is expected to be
~1%-points higher.
-- The EBIT margin guidance of 31-32% in constant exchange rates and about 31%
in DKK is unchanged.
The long-term guidance for the LEAD 20 strategy period until fiscal year-end
2019/20 of 7-9% organic growth p.a. and an EBIT margin of more than 30% in
constant currencies is unchanged.
For more information on Lilial please refer to www.lilial.fr.
Lars Rasmussen
President & CEO
For further information, please contact
Investors and analysts
Anders Lonning-Skovgaard
Executive Vice President, CFO
Tel. 4911 1111
Ellen Bjurgert
Director, Investor Relations
Tel. 4911 1800 / 4911 3376
E-mail dkebj@coloplast.com
Press and the media
Lina Danstrup
Senior Media Relations Manager
Tel. 4911 2607
E-mail dklina@coloplast.com
Website
www.coloplast.com
Address
Coloplast A/S
Holtedam 1
DK-3050 Humlebæk
Denmark
CVR NR. 69749917
This announcement is available in a Danish and an English-language version. In
the event of any discrepancies, the Danish version shall prevail.
The Coloplast logo is a registered trademark of Coloplast A/S. © 2017-12 All
rights reserved. Coloplast A/S, 3050 Humlebæk, Denmark.
Coloplast develops products and services that make life easier for people with
very personal and private medical conditions. Working closely with the people
who use our products, we create solutions that are sensitive to their special
needs. We call this intimate healthcare.
Our business includes Ostomy Care, Urology Care, Continence Care and Wound and
Skin Care. We operate globally and employ about 11,000 people.
Please see enclosed PDF
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=657457© 2017 GlobeNewswire
