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EQS-News: PharmaSGP Holding SE / Key word(s): AGM/EGM
PharmaSGP Holding SE: Annual General Meeting approves full distribution of the Group's profit for 2023 following a
successful business performance
2024-06-27 / 09:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
PharmaSGP Holding SE: Annual General Meeting approves full distribution of the Group's profit for 2023 following a
successful business performance
. 89.74% of the share capital was represented; all agenda items were approved
. Shareholders approve increased dividend distribution of EUR1.36 per dividend-bearing share
. The appointment of Peter Gerckens as Chief Commercial Officer to the Management Board underscores
PharmaSGP's growth ambitions
Gräfelfing, June 27, 2024 - German OTC pharmaceutical company PharmaSGP Holding SE successfully held its Annual General
Meeting 2024 in Munich yesterday. This year's Annual General Meeting was held as an in-person event for the first time
since the IPO in 2020. 89.74% of the share capital was represented. All agenda items were approved by the Annual
General Meeting.
At the Annual General Meeting, the Management Board reported on the successful business performance in 2023. For the
first time in the company's history, revenues exceeded the EUR100 million mark, amounting to EUR101.1 million in total and
increasing by 17.8% compared to the previous year (EUR85.8 million). Adjusted EBITDA also increased by 20.8% from EUR28.2
million in 2022 to EUR34.1 million in the 2023 financial year. The adjusted EBITDA margin thus improved year-on-year from
32.9% to 33.7%.
This year again, PharmaSGP shareholders will participate in this strong business performance in the form of a full
distribution of the Group's profit for 2023. The dividend therefore amounts to EUR1.36 per dividend-bearing share. The
corresponding proposal was approved by the Annual General Meeting with 100%.
PharmaSGP continued its dynamic business development in the first quarter of 2024 and is well on track for another year
of profitable growth. The high expectations for further business development are also underlined by the appointment of
Peter Gerckens to the Management Board, where he will hold the newly created position of Chief Commercial Officer (CCO)
from July 1, 2024. In his role as CCO, Peter Gerckens will be responsible for the expansion of international markets,
sales and new businesses at PharmaSGP.
CEO Natalie Weigand comments: "We can look back on an exceptionally successful financial year, which is reflected not
least in the distribution of a highly attractive dividend. We want to continue to build on this in the future. With the
appointment of Peter Gerckens as Chief Commercial Officer, we are gaining another expert for PharmaSGP who will make a
significant contribution to further accelerating our growth path." Michael Rudolf, CFO of PharmaSGP, adds: "In 2023, we
exceeded our forecast in terms of both revenues and adjusted EBITDA and significantly outperformed the market. In
addition to our well-proven pan-European platform, PharmaSGP has a strong financial profile in particular, which gives
us the necessary leeway to realize further growth and make optimal use of the potential of our business model."
For the financial year 2024, revenues are expected to be in a range between EUR107.0 million and EUR112.0 million. The
Management Board expects adjusted EBITDA to increase to between EUR35.0 million and EUR38.0 million. This corresponds to an
adjusted EBITDA margin of 32.7% to 33.9%.
The detailed voting results for the Annual General Meeting 2024 are available for download on PharmaSGP's corporate
website in the Investor Relations / Annual General Meeting section.


CONTACT
cometis AG
Claudius Krause
Phone: +49-611-20585528
Email: ir@pharmasgp.com

ABOUT PHARMASGP HOLDING SE
PharmaSGP is a leading consumer health company with a diversified portfolio of over-the-counter (OTC) pharmaceuticals
and other healthcare products that are marketed with a focus on the pharmacy distribution channel. These products are
mostly based on natural active pharmaceutical ingredients with documented efficacy and few known side effects.
The Company's core brands cover chronic indications, including rheumatic pain, nerve pain and other age-related
ailments. In Germany, PharmaSGP is the market leader for systemic chemical-free pain remedies with its brand families
RubaXX^® for rheumatic pain and Restaxil^® for neuralgic pain. Furthermore, PharmaSGP also offers leading products
against sexual weakness and vertigo symptoms. Since introducing the first product from the current product portfolio in
2012, PharmaSGP has successfully established its business model in other European countries, including Austria, Italy,
Belgium, Spain and France. In September 2021, the product portfolio was expanded by the brands Baldriparan^®, Formigran
^®, Spalt^® and Kamol^®, thus also strengthening or developing the indications pain and sleep disorder. The sales
territory was expanded to include Switzerland and Eastern Europe. In 2023, PharmaSGP generated revenues of EUR101.1
million at an adjusted EBITDA margin of 33.7%.
In order to further expand its competitive position, PharmaSGP plans to increase the number of indications covered by
PharmaSGP's product offering, increase PharmaSGP's European footprint, and accelerate its growth strategy especially by
capitalizing on selected M&A opportunities.
2024-06-27 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      PharmaSGP Holding SE 

Lochhamer Schlag 1
82166 Gräfelfing
Germany

E-mail:       ir@pharmasgp.com 
Internet:     https://pharmasgp.com 
ISIN:         DE000A2P4LJ5 
WKN:          A2P4LJ 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Tradegate Exchange
EQS News ID: 1934065

End of News EQS News Service
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1934065 2024-06-27 CET/CEST

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END) Dow Jones Newswires

June 27, 2024 03:45 ET (07:45 GMT)