Strong growth for Fagron and Corilus
Waregem (Belgium) / Rotterdam (The Netherlands)[1], 8 October 2013 (7:30 a.m.) – In the third quarter of 2013, the consolidated turnover of Arseus increased by 10.9% (15.1% at constant exchange rates) to € 135.2 million. Organic growth amounted to 5.9% (10.0%). In the first nine months of 2013, consolidated turnover increased by 7.1% (9.6%) to € 417.9 million. Organic growth amounted to 4.8% (7.2%).
The evolution of turnover[2] per division is as follows:
constant* Org. growth Org. growth constant** Fagron 81,100 65,536 23.7% 31.6% 13.1% 20.2% Corilus 10,149 9,138 11.1% 11.1% 7.5% 7.5% HC Specialties 19,018 19,965 -4.7% -4.5% -4.7% -4.5% HC Solutions 24,936 27,296 -8.6% -8.6% -5.9% -5.9% Total 135,203 121,935 10.9% 15.1% 5.9% 10.0% x 1,000 euros 9M 2013 9M 2012 Total growth Tot. growth
constant* Org. growth Org. growth constant** Fagron 239,257 206,601 15.8% 20.5% 11.1% 15.6% Corilus 30,602 26,990 13.4% 13.4% 9.9% 9.9% HC Specialties 64,454 67,419 -4.4% -4.2% -4.4% -4.2% HC Solutions 83,595 89,196 -6.3% -6.3% -5.4% -5.4% Total 417,908 390,207 7.1% 9.6% 4.8% 7.2%
* Total growth at constant exchange rates ** Organic growth at constant exchange rates
Ger van Jeveren, CEO of Arseus: ‘In the third quarter of 2013, Arseus once again recorded a strong result, with organic growth at constant exchange rates of 10.0%. This result illustrates the success of our consistent execution of our innovation strategy, year in year out, with a focus on own brands and the development of innovative concepts and solutions with substantial added value. For 2013 we expect healthy organic growth and profitability that once again grows faster than turnover.’
[1] This press release was sent out by Arseus NV and Arseus BV.
[2] Unaudited management figures.
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