Organic growth of net sales
Organic growth of net sales shows the development of net sales for the operating segments Products & Care and Logistics & IT excluding the effects of acquisitions, new license agreements, openings and closures of pharmacies (effect of net expansion). It provides a “like-for-like” comparison with previous periods. In the business area Retail (B2C), organic growth of net sales is calculated only including points of sales with a full year period comparison. In the business area Professionals (B2B), organic growth of net sales is calculated only including existing business activities with a full year period comparison. In order to show the impact of mandatory price reductions of medications reimbursed by health insurers on net sales transparently, organic growth of net sales is also disclosed without the effect of mandatory price reductions.
The reporting of net sales has been adjusted to the changed organisational and management structure of Galenica as at 1 January 2021. For comparability, net sales for the previous period has been adjusted.
Organic growth of net sales 2021
|
in thousand CHF |
Retail (B2C) |
Professionals (B2B) |
Products & Care 1) |
Wholesale |
Logistics & IT Services |
Logistics & IT 1) |
|
Net sales |
1,719,987 |
193,972 |
1,908,130 |
2,728,437 |
111,865 |
2,831,358 |
|
Change to previous period |
13.3% |
11.9% |
13.4% |
7.8% |
13.7% |
7.9% |
|
|
|
|
|
|
|
|
|
Effect of net expansion |
26,013 2) |
29,287 3) |
55,300 |
– |
– |
– |
|
In % of net sales of previous period |
1.7% |
16.9% |
3.3% |
0.0% |
0.0% |
0.0% |
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion |
1,693,974 |
164,685 |
1,852,830 |
2,728,437 |
111,865 |
2,831,358 |
|
Organic growth of net sales |
11.6% |
–5.0% |
10.1% |
7.8% |
13.7% |
7.9% |
|
|
|
|
|
|
|
|
|
Mandatory price reductions 4) |
20,275 |
|
|
33,137 |
|
|
|
In % of net sales of previous period |
1.3% |
|
|
1.3% |
|
|
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion and mandatory price reductions |
1,714,249 |
|
|
2,761,574 |
|
|
|
Organic growth of net sales excluding price reductions |
12.9% |
|
|
9.1% |
|
|
1) Including eliminations of intercompany net sales
2) The effect of net expansion is calculated only including point of sales without a full year period comparison (acquisitions, openings and closure of pharmacies)
3) The effect of net expansion is calculated only including business activities without a full year period comparison (acquisitions and new license agreements)
4) Mandatory price reductions of medications reimbursed by health insurers of the specialities list (SL/LS) released by the Federal Office of Public Health (FOPH), calculated based on volumes of previous period
Organic growth of net sales 2021 Products & Care
|
in thousand CHF |
Local Pharmacies |
Pharmacies at Home |
Retail (B2C) 1) |
Products & Brands |
Services for Professionals |
Professionals (B2B) 1) |
|
Net sales |
1,261,521 |
458,844 |
1,719,987 |
131,581 |
62,392 |
193,972 |
|
Change to previous period |
8.5% |
29.2% |
13.3% |
17.8% |
1.4% |
11.9% |
|
|
|
|
|
|
|
|
|
Effect of net expansion |
25,078 2) |
935 2) |
26,013 2) |
24,579 3) |
4,708 3) |
29,287 3) |
|
In % of net sales of previous period |
2.2% |
0.3% |
1.7% |
22.0% |
7.6% |
16.9% |
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion |
1,236,443 |
457,908 |
1,693,974 |
107,002 |
57,683 |
164,685 |
|
Organic growth of net sales |
6.3% |
28.9% |
11.6% |
–4.2% |
–6.2% |
–5.0% |
|
|
|
|
|
|
|
|
|
Mandatory price reductions 4) |
11,338 |
8,937 |
20,275 |
|
|
|
|
In % of net sales of previous period |
1.0% |
2.5% |
1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion and mandatory price reductions |
1,247,781 |
466,846 |
1,714,249 |
|
|
|
|
Organic growth of net sales excluding price reductions |
7.3% |
31.4% |
12.9% |
|
|
|
1) Including eliminations of intercompany net sales
2) The effect of net expansion is calculated only including point of sales without a full year period comparison (acquisitions, openings and closure of pharmacies)
3) The effect of net expansion is calculated only including business activities without a full year period comparison (acquisitions and new license agreements)
4) Mandatory price reductions of medications reimbursed by health insurers of the specialities list (SL/LS) released by the Federal Office of Public Health (FOPH), calculated based on volumes of previous period
Organic growth of net sales 2020 (restated)
|
in thousand CHF |
Retail (B2C) |
Professionals (B2B) |
Products & Care 1) |
Wholesale |
Logistics & IT Services |
Logistics & IT 1) |
|
Net sales |
1,517,517 |
173,284 |
1,683,136 |
2,530,238 |
98,380 |
2,625,117 |
|
Change to previous period |
2.0% |
14.2% |
2.9% |
7.9% |
5.1% |
7.8% |
|
|
|
|
|
|
|
|
|
Effect of net expansion |
37,566 2) |
27,985 3) |
65,551 |
– |
– |
– |
|
In % of net sales of previous period |
2.5% |
18.4% |
4.0% |
0.0% |
0.0% |
0.0% |
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion |
1,479,951 |
145,299 |
1,617,585 |
2,530,238 |
98,380 |
2,625,117 |
|
Organic growth of net sales 5) |
–0.5% |
–4.2% |
–1.1% |
7.9% |
5.1% |
7.8% |
|
|
|
|
|
|
|
|
|
Mandatory price reductions 4) |
24,670 |
|
|
42,794 |
|
|
|
In % of net sales of previous period |
1.7% |
|
|
1.8% |
|
|
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion and mandatory price reductions |
1,504,621 |
|
|
2,573,032 |
|
|
|
Organic growth of net sales excluding price reductions |
1.2% |
|
|
9.7% |
|
|
1) Including eliminations of intercompany net sales
2) The effect of net expansion is calculated only including point of sales without a full year period comparison (acquisitions, openings and closure of pharmacies)
3) The effect of net expansion is calculated only including business activities without a full year period comparison (acquisitions and new license agreements)
4) Mandatory price reductions of medications reimbursed by health insurers of the specialities list (SL/LS) released by the Federal Office of Public Health (FOPH), calculated based on volumes of previous period
5) Including one-time effect due to change in intra-Group transactions: reduction of net sales by 1.2 % in Retail (B2C), increase of net sales by 2.4 % in Wholesale
Organic growth of net sales 2020 Products & Care (restated)
|
in thousand CHF |
Local Pharmacies |
Pharmacies at Home |
Retail (B2C) 1) |
Products & Brands |
Services for Professionals |
Professionals (B2B) 1) |
|
Net sales |
1,162,511 |
355,217 |
1,517,517 |
111,735 |
61,549 |
173,284 |
|
Change to previous period |
–0.2% |
9.8% |
2.0% |
9.4% |
24.8% |
14.2% |
|
|
|
|
|
|
|
|
|
Effect of net expansion |
24,585 2) |
12,981 2) |
37,566 2) |
17,698 3) |
10,287 3) |
27,985 3) |
|
In % of net sales of previous period |
2.1% |
4.0% |
2.5% |
17.3% |
20.9% |
18.4% |
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion |
1,137,926 |
342,236 |
1,479,951 |
94,036 |
51,262 |
145,299 |
|
Organic growth of net sales 5) |
–2.3% |
5.8% |
–0.5% |
–7.9% |
3.9% |
–4.2% |
|
|
|
|
|
|
|
|
|
Mandatory price reductions 4) |
15,787 |
8,883 |
24,670 |
|
|
|
|
In % of net sales of previous period |
1.4% |
2.7% |
1.7% |
|
|
|
|
|
|
|
|
|
|
|
|
Net sales excluding effect of net expansion and mandatory price reductions |
1,153,713 |
351,119 |
1,504,621 |
|
|
|
|
Organic growth of net sales excluding price reductions |
–0.9% |
8.5% |
1.2% |
|
|
|
1) Including eliminations of intercompany net sales
2) The effect of net expansion is calculated only including point of sales without a full year period comparison (acquisitions, openings and closure of pharmacies)
3) The effect of net expansion is calculated only including business activities without a full year period comparison (acquisitions and new license agreements)
4) Mandatory price reductions of medications reimbursed by health insurers of the specialities list (SL/LS) released by the Federal Office of Public Health (FOPH), calculated based on volumes of previous period
5) Including one-time effect due to change in intra-Group transactions: reduction of net sales by 1.5 % in Local Pharmacies