Celesio

Issues tackled include regulations, technologies used, plus reviews of the major players such as Celesio,

The Earth Times Online Newspaper 2010

Although the content of the profit warning is relatively small—Celesio no longer expects the lower end of its 2011 earnings before interest, taxes, depreciation and amortization forecast to be above €600 million—analysts said the lowering of the market's expectations is overdue.

Celesio Shares Plunge Harriet Torry 2011

Celesio will continue to cut costs with its "Agenda 2015" program, though its ability to offset continued government austerity measures with efficiency initiatives "remains severely challenged," Royal Bank of Scotland said in a note to investors.

Celesio Shares Plunge Harriet Torry 2011

In the short term, however, the expense incurred by such expansion will hurt profits, in part due to one-off effects, Celesio said Thursday.

Celesio Shares Plunge Harriet Torry 2011

The expansion plans were praised Friday by analysts from Nomura, who said it was taking the right steps by focusing on growth areas outside western Europe's wholesale drug industry, but they don't expect to see material improvement for Celesio in the near term.

Celesio Shares Plunge Harriet Torry 2011

"That wasn't quite foreseeable," Celesio Chief Executive Fritz Oesterle said on a telephone conference, adding that this year will be a difficult one for the company.

Celesio Shares Plunge Harriet Torry 2011

The bank noted that government austerity measures show no sign of abating, and highlighted the Portuguese government's move to delay public payments by 15 days as part of its cuts to meet European Union bailout conditions, which RBS said may lead to bad debts at Celesio.

Celesio Shares Plunge Harriet Torry 2011

FRANKFURT—Shares in German pharmaceutical retailer Celesio AG plummeted Friday after the company issued a profit warning and said it had underestimated the intensity of competition in Germany's pharmaceutical wholesale business, due to health-care reforms there.

Celesio Shares Plunge Harriet Torry 2011

WestLB said in a research note Friday it expects Haniel and the upcoming leadership change at Celesio to restrict large-scale mergers and acquisitions—even though Celesio has said it could spend up to about €1 billion.

Celesio Shares Plunge Harriet Torry 2011

Furthermore, conflict with Celesio's largest shareholder, Franz Haniel & Cie.

Celesio Shares Plunge Harriet Torry 2011