15.03.2022 PharmaSGP Holding SE  DE000A2P4LJ5

DGAP-News: PharmaSGP achieves record results in 2021 - Adjusted EBITDA in Q4 up fivefold year-on-year


 

DGAP-News: PharmaSGP Holding SE / Key word(s): Preliminary Results
PharmaSGP achieves record results in 2021 - Adjusted EBITDA in Q4 up fivefold year-on-year

15.03.2022 / 07:30
The issuer is solely responsible for the content of this announcement.


PharmaSGP achieves record results in 2021 - Adjusted EBITDA in Q4 up fivefold year-on-year

 

Gräfelfing, 15 March 2022 - Based on preliminary and as yet unaudited results, German OTC pharmaceutical company PharmaSGP Holding SE achieved revenues of € 65.3 million in 2021, representing a record in the company's history. The adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) for the full year amounted to € 19.4 million, reflecting year-on-year growth of 14%. The adjusted EBITDA margin also increased year-on-year from 26.9% to 29.7%. Both revenues and the adjusted EBITDA margin are thereby recorded at the upper end of guidance for the 2021 financial year, and exceed the expectations of analysts at Berenberg and RBC.

In the fourth quarter alone, adjusted EBITDA amounted to € 6.2 million, representing a fivefold increase compared to the same quarter of the previous year (Q4 2021 compared with Q4 2020). Growth drivers included the organic business of "Health Brands" - revenues in this segment were up by 14% in the second half of the year compared to the second half of 2020. Furthermore, the successful acquisition of a portfolio of brands (including Baldriparan(R), Spalt(R) and Formigran(R)) from pharmaceutical group GSK also boosted growth.

"The strong growth momentum from the third quarter continued at the end of the year," notes CFO Michael Rudolf. CEO Natalie Weigand adds: "In addition to the pleasing performance of our organic business in the second half of the year, the portfolio acquired from GSK - with its Baldriparan(R), Spalt(R) and Formigran(R) brands - also provided significant growth impetus in the fourth quarter."

PharmaSGP will publish its full 2021 annual report on 28 April 2022. Specific revenue and earnings guidance for the current 2022 financial year will also be published in April.
 

OVERVIEW OF PRELIMINARY YEAR-ON-YEAR FIGURES

Group figures (in € million) 2021 2020
Revenues 65.3 63.2 +3.3%
Adjusted EBITDA 19.4 17.0 +14.3%
Unadjusted EBITDA 18.5 14.7 +25.5%
Adjusted EBITDA margin 29.7% 26.9%  
Unadjusted EBITDA margin 28.3% 23.3%  
       
Revenues by regions (in € million) 2021 2020
Germany 46.0 43.4 +6.0%
Italy 8.5 8.8 -3.2%
Austria 7.8 6.9 +13.2%
Other European countries 3.0 4.1 -26.9%
       
Share of revenues by region 2021 2020
Germany 70.3% 68.6%  
Italy 13.1% 14.0%  
Austria 11.9% 10.9%  
Other European countries 4.7% 6.5%  
       
Revenues by product category (in € million) 2021 2020
Health Brands 61.0 54.8 +11.2%
Beauty Brands 4.3 8.4 -48.0%
       
 

CONTACT

cometis AG
Claudius Krause
Phone: 49-611-20585528
Email: [email protected]
 

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 the 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 Company's 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(R) for rheumatic pain and Restaxil(R) 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(R), Formigran(R), Spalt(R) and Kamol(R), thus also strengthening or developing the indications pain and sleep disorder. The sales territory was expanded to include Switzerland and Eastern Europe.

In 2021, PharmaSGP generated revenues of € 65.3 million at an adjusted EBITDA margin of 29.7%.

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



15.03.2022 Dissemination of a Corporate News, transmitted by DGAP - 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 21
82166 Gräfelfing
Germany
E-mail: [email protected]
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: 1302183

 
End of News DGAP News Service

1302183  15.03.2022 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 53,06 60,59 62,57 63,25 65,34 85,82 101,10
EBITDA1,2 15,74 19,93 22,82 14,73 18,49 26,93 34,10
EBITDA-Marge3 29,66 32,89 36,47 23,29 28,30 31,38
EBIT1,4 15,33 19,55 22,42 14,25 14,92 17,68 24,64
EBIT-Marge5 28,89 32,27 35,83 22,53 22,83 20,60 24,37
Jahresüberschuss1 11,78 14,73 16,71 10,64 10,69 11,95 16,40
Netto-Marge6 22,20 24,31 26,71 16,82 16,36 13,92 16,22
Cashflow1,7 14,25 8,43 17,63 15,46 12,24 24,71 26,64
Ergebnis je Aktie8 0,98 1,23 1,39 0,89 0,89 1,00 1,37
Dividende8 0,00 0,00 0,00 0,00 0,45 0,49 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
PharmaSGP Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2P4LJ 23,200 Kaufen 278,40
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,57 19,33 0,69 19,98
KBV KCV KUV EV/EBITDA
9,82 10,45 2,75 8,98
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
Hauptversammlung
0,49 1,36 5,86 26.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 12.09.2024 14.11.2024 29.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
11,39% 5,56% 3,11% 4,98%
    
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