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

Prescription

Products which generally require a prescription from a healthcare professional. Primary therapeutic areas are anti-inflammatories, immunosuppressants, hypothyroidism, anti-gout, analgesics, and corticosteroids.

Overview

Eltroxin Imuran Lipitor Lyrica Meticorten Purinethol

Thyroid hormone

Immunosuppressant

Cardiovascular

Anticonvulsant
and neuropathy

Corticosteroid

Oncology

Revenue by segment (%)

25%

of Group revenue

36%

of Group gross profit

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

Africa Middle East

4 242

3 876

9

9

Americas

2 832
1 801

57

42

Australasia

2 618

2 713

(4)

(6)

Europe CIS

991

989

-

(7)
Asia
697

542

29

24

Total

11 380

9 921

15

11

Gross profit (%)

60,9

60,7

Prescription brands achieved robust growth of 15%, with revenue reaching R11 380 million. This was primarily driven by the Americas, which posted a 57% increase supported by both organic and acquisition-led growth. Asia grew by 29%, benefiting from a 7% increase in organic growth alongside acquisitive gains. Africa Middle East, the largest region in this segment, reported strong organic growth of 9%. Europe CIS remained flat while Australasia experienced a 4% decline due to regulated price reductions in Australia.
The gross profit margin rose to 60,9% (FY2023: 60,7%), with the positive impact of the favourable sales mix more than offsetting the effects of regulated price cuts in Australia.

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.