Share Price:

APNASPENAspen Pharmacare Hldgs169000 (0.00%)

Aspen is in a closed period from 1st July 2024 until the publication of the FY2024 results on the JSE SENS platform to be released on the 3rd September 2024.

Business Segment

Over the counter

Products that do not require a prescription and are mainly sold through retail pharmacies and the fast moving consumer goods sector, where brand recognition, marketing, and interactions with pharmacists play a key role in influencing consumer choices.

Overview

Emla Maltofer Magnesia Bisurada Mybulen Ovestin Solpadeine Xylocaine Topicals

Topical
anaesthetic

Iron
supplement

Antacid

Analgesic antiinflammatory

Hormone
replacement
therapy

Opioid
analgesic

Topical
anaesthetic

Revenue by segment (%)

22%

of Group revenue

29%

of Group gross profit

Revenue
Revenue 2024
R’million
2023
R’million
%Change
Reported
CER

Africa Middle East

3 561

3 501

2

2

Australasia

2 430

2 278

7

4

Europe CIS

1 974

1 742

13

7

Americas

1 450

1 323

10

1

Asia
291

262

11

7

Total

9 706

9 106

7

3

Gross profit (%)

58,7

58,6

Source: IQVIA June 2024

Source: IQVIA June 2024

The OTC segment has become the second largest within Commercial Pharmaceuticals and has enjoyed strong performance across all regions. For FY2024, revenue increased by 7% to R9 706 million, driven by notable growth in Europe CIS, which saw a 13% rise bolstered by the women’s health portfolio. Australasia, the second largest OTC region, grew by 7%, benefiting from increased promotional efforts. The Americas were up 10%, while Africa and the Middle East grew by 2%, with a particularly strong performance in South Africa during the second half of the year.
The gross profit margin increased slightly to 58,7% (FY2023: 58,6%) due to the favourable impact of the portfolio mix.

Closed Period

Aspen is in a closed period from 1 January until the publication of our interim results on the JSE SENS platform scheduled to be released on 1 March 2023.

The live presentation will take place in Cape Town at 08h30 on 2 March 2023.