|
|||
2013-06-03 12:00:00 CEST 2013-06-03 12:00:51 CEST SÄÄNNELTY TIETO Oriola-KD Oyj - Tender offerOriola-KD has completed the Medstop acquisitionOriola-KD Corporation Stock Exchange Release 3 June 2013 at 1.00 p.m. Oriola-KD has completed the acquisition of Medstop, announced on 8 April 2013, according to plan. The conditions precedent for the closing have been fulfilled by 31 May 2013 and Medstop will be reported as part of the Pharmaceutical Trade Sweden's segment from 1 June 2013. Synergies of the acquisition are estimated to reach EUR 8-10 million annually in value. Full effect of the synergies is estimated to be realized from 2015 onwards. Oriola-KD will start the integration planning immediately and will report on the financial impact of the acquisition in connection with the next interim reports. The Medstop pharmacy chain has a total of 67 pharmacies located in shopping centers and city center locations in the Stockholm, Gothenburg and Malmö areas. Medstop's market share of the Swedish pharmacy market is approximately 7.5 per cent and the pharmacy chain employs 578 people. In 2012, the net sales of Medstop were EUR 273 (299) million and EBITDA was EUR 11.6 (11.5) million, excluding non-recurring items, corresponding to approximately 4.2 (3.8) per cent of net sales. The net debt of the pharmacy chain at year end 2012 was EUR 75 (80) million and total assets at the end of 2012 were EUR 215 (223) million. Kronans Droghandel's market share is approximately 14 per cent of the Swedish Pharmacy market, the number of employees approximately 1000 people and the net sales in 2012 were EUR 503 (483) million. Following the acquisition, Oriola-KD will have some 290 pharmacies in Sweden, its market share in the Swedish retail market is approximately 21 per cent and the total number of employees is approximately 1600. Oriola-KD Corporation Oriola-KD Corporation Eero Hautaniemi President and CEO Tuomas Itkonen CFO For further information, please contact: Eero Hautaniemi President and CEO Tel. +358 (0)10 429 2109 e-mail: eero.hautaniemi@oriola-kd.com Tuomas Itkonen CFO Tel. +358 (0)46 876 5207 e-mail: tuomas.itkonen@oriola-kd.com Joni Ihantola Vice President, Treasury and IR tel. +358 (0)10 429 4386 email: joni.ihantola@oriola-kd.com Distribution: NASDAQ OMX Helsinki Ltd. Key media Released by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo www.oriola-kd.com [HUG#1706578] |
|||
|