Sunday , April 11 2021

Boiron: FIRST QUARTER ACTIVITY 2019



BEERON ACTIVITY
First quarter 2019
(unaudited data)

in thousands of euros 2018 2019 Var. current rate 2019/2018 Var. constant rate 2019/2018
France 91,982 83,440 -9.3% -9.3%
Europe (excluding France) 32,899 31,779 -3.4% -1.9%
North America 29,617 23.580 -20,4% -26,0%
Other countries 4.895 4,516 -7.7% -6.8%
Total group 159,393 143,315 -10.1% -10.8%

in thousands of euros 2018 2019 Var. current rate 2019/2018 Var. constant rate 2019/2018
Common name drug 76,575 69,067 -9.8% -10,2%
specialties 82.506 73,845 -10.5% -11.5%
others 312 403 + 29.2% + 29.2%
Total group 159,393 143,315 -10.1% -10.8%

Sales for the first quarter of 2019 were reduced by 10.1% compared to the first quarter of 2018 (-10.8% at constant rates). This drop comes from:

  • mainly in France, where turnover decreased by 9.3%. Within a few months, homeopathy was subject to unwarranted attacks and untruths, while 85% of general doctors claim to prescribe homeopathy to their patients (IPSOS survey March 2019). 18 French actors of the profession and patient associations started mobilization campaign: everyone can sign the petition on the MonHomeoMonChoix.fr website, or by sending a "Homeo" via SMS to 32 321.
  • partly due to a significant pool effect on the US, whose sales increased by 75.9% (+ 11.8 million euros) in the first quarter of 2018. However, sales in this quarter reached 5, 6 million euros at the level achieved in the first quarter of 2017.
  • to a lesser extent decline in Spain, Poland and Belgium.

Considering the activity of this first quarter and the impact of industrial investments, we predict a result of 2019 lower than that of 2018.

We follow with the same confidence and the same determination of the development of homeopathy in the world.

BOIRON laboratories


Our next meetings:
On May 16, 2019 at 10:30 am, at BOIRON headquarters, 2 avenue de l'Ouest Lyonnais, 69510 MESSIMA: Combined General Assembly.
June 3, 2019: after approval by the Joint Meeting, payment of the proposed dividend (1.45 euros per share).
July 18, 2019: the closing of the stock exchange, the announcement of the turnover on June 30, 2019.
Chief Financial Officer: Valery Lorenz-Poins
Financial Contact Contact: Fabrice Ray
Shareholder Relations: +33 (0) 4.78.45.63.43 – e-mail: [email protected]
ISIN code: FR0000061129 (BOI) – Bloomberg: BOI FP – Reuters: BOIR.PA
The group's financial information is available at: www.boironfinance.com



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