Boots' sales climb with acquisitions
Group revenue has soared by 31.3 per cent at Nottingham-based Alliance Boots after the company was boosted by two acquisitions.
Income rocketed in the half-year to 30 September, with Boots attributing the rise to an increase in its ownership of Hedef Alliance from 70 to 80 per cent and its acquisition of ANZAG.
Sales from continuing operations were boosted 49.5 per cent in its pharmaceutical wholesale divison, with like-for-like revenue up 2.7 per cent.
Boots UK had year-on-year growth of 1.8 per cent. However, Boots Opticians suffered a 1.4 per cent fall.
Stefano Pessina, executive chairman, said: "Boots delivered a good performance, taking into account the difficult UK consumer environment and governmental measures to curb healthcare spending. This was a result of its ongoing focus on value, customer care, innovation and costs.
"Our pharmaceutical wholesale division continues to grow rapidly, its results benefiting from last year's acquisitions and a strong focus on service and costs."
