THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Alliance Boots profit boosted by international growth

Alliance Boots, owner of the Boots pharmacy chain, saw its full year trading profit increase by 12.4% to £1.2 billion as international expansion drove growth.

CITY & CORPORATE

Alliance Boots profit boosted by international growth

Alliance Boots, owner of the Boots pharmacy chain, saw its full year trading profit increase by 12.4% to £1.2 billion as international expansion drove growth.

In the year to 31 March revenue rose 18.4% to £23 billion while group EBITDA increased by 10.2% to £1.44 billion.

At Boots UK, profits were 5.2% higher at £750 million although sales declined by 0.3% to £6.37 billion. This was driven by a 1.6% decline in dispensing and related income to £2.37 billion due to reductions in dispensing  reimbursement rates set by the Government. Retail revenue increased by 0.8% on a like-for-like basis.

Executive Chairman Stefano Pessina said: "In the coming year, we expect the economic environment to remain difficult with continuing pressure on both consumer and governmental expenditure."
 
The company said it was focusing strongly on corporate development in support of its strategy to enter new geographical markets and to expand its presence in existing markets through acquisitions and strategic partnerships.

Pessina added: "We are confident about our future prospects and ability to pursue profitable growth, both organically and through further international expansion.  This will be supported by our strong operating cash flow and secure funding  arrangements, which will enable us to continue to invest while at the same time reducing net borrowings."


Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process