PHOENIX group substantiates its leading position as a healthcare provider in Europe

  • Total operating performance and revenue further increased
  • Profit for the period significantly improved compared with the first half of 2014/15
  • Growth exceeds European market growth
  • Positive outlook for fiscal year 2015/16 confirmed

The PHOENIX group underlined its position as a leading healthcare provider in Europe in the first half of the fiscal year 2015/16. The company’s overall performance in the European market continued developing very positively. Total operating performance, which includes revenue as well as handled volume for service charge, rose by 6.7 per cent to EUR 14.3 billion. 

Adjusted for exchange rate effects, this growth amounts to 6.0 per cent. Revenue rose by 5.2 per cent to EUR 11.7 billion. This primarily relates to an increase in revenue in Germany, where the pharmaceutical wholesale market experienced strong growth. The PHOENIX group also recorded higher revenues in the majority of its foreign markets.

The company’s gross income increased by EUR 84.2 million to EUR 1.1 billion, which corresponds to a rise in the gross income margin from 9.3 to 9.6 per cent and is largely due to an improved cost-of-sales ratio. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose in the first half of 2015/16 to EUR 218.5 million. The profit for the period also improved significantly from EUR 76.8 million to EUR 92.2 million. “With the results from the past half-year, the PHOENIX group has once again underlined its position as a leading healthcare provider in Europe. Thanks to these developments, our outlook for the further course of the fiscal year is positive,” says Oliver Windholz, Chief Executive Officer of the PHOENIX group.

Further optimisation of the capital structure and financial result

The financial result improved by EUR 23.7 million in comparison with the corresponding period of the previous year to EUR –25.1 million, primarily as a result of the repayment in 2014 of the high-yield bond issued in 2010 as well as the lower average net debt. At the same time, profit before tax increased by EUR 21.0 million to EUR 137.0 million.

Equity rose from EUR 2.2 billion as of 31 July 2014 to EUR 2.6 billion, resulting in an increase in equity ratio of 33.9 per cent.

Forecast for the fiscal year 2015/16 confirmed

For the fiscal year 2015/16, the PHOENIX group expects to further expand its market position in Europe through organic growth and acquisitions and thereby continue to increase revenue above the level of growth on the European pharmaceutical markets.

Key figures of the PHOENIX group in comparison with the previous year’s period

 First half of
 2014/15 in EUR k
First half of
  2015/16 in EUR k
Total operating performance113.357.47014.257.631
Total income1.107.9921.187.527
Financial result–48.794–25.133
Profit before tax116.013136.974
Profit for the period76.77392.184

¹ Total operating performance = revenue + handled volume (handling for service charge).

 31 July 201431 July 2015
Equity (in EUR k)2.244.9232.602.709
Equity ratio (in %)30,633,9
Net debt (in EUR k)1.807.9141.438.196

Press contacts

Maren HolodaDirector Corporate Communications+49 621 8505 8593m.holoda(at)