Press releases
Galenica successfully places a bond of over CHF 100 million
Press release, Tuesday, 16 April 2024
Today, Galenica successfully placed a fixed rate bond of over CHF 100 million.
7th Annual General Meeting: Shareholders approve all proposals
Press release, Wednesday, 10 April 2024
The seventh Annual General Meeting of Galenica Ltd. was held on 10 April 2024 at the Kursaal in Bern. The shareholders approved all the proposals put forward by the Board of Directors. They also approved the proposed dividend of CHF 2.20 per share. All members of the Board of Directors were re-elected for a term of office of one year.
Galenica continues to grow in the 2023 financial year
Ad hoc announcement pursuant to Art. 53 LR, Tuesday, 12 March 2024
The Galenica Group achieved strong growth with an increase in sales of 4.4% in the 2023 financial year and generated consolidated net sales of CHF 3,746.0 million. Adjusted for the extraordinary sales related to COVID-19 (self-tests, COVID-19 vaccinations and rapid tests) in the prior-year period, growth amounted to a substantial 5.0%. Adjusted1 EBIT increased by 0.4% to CHF 191.3 million, despite special factors in the amount of CHF 9.8 million. Without these special factors, adjusted1 EBIT would have increased by 5.5% to CHF 201.1 million. Thanks to this solid result, the Board of Directors will propose to the Annual General Meeting a dividend at the previous year’s level (CHF 2.20 per share). Galenica expects sales growth of between 3% and 5% for the 2024 financial year. Galenica expects adjusted1 EBIT to increase by between 8% and 11%. Adjusted for the special factors in the 2023 financial year in the amount of CHF 9.8 million, this results in a stable development of the adjusted1 EBIT margin (ROS) at 5.4%. Galenica strives for strong yet sustainable dividend growth and plans a dividend for 2024 at least at the previous year’s level. Detailed information in the Annual report 2023: Outlook for 2024