Alliance Boots revenue falls 2.6%

Published: 15-May-2013
Finance Retail

Executive Chairman Stefano Pessina described the year as “transformational” following its partnership with Walgreens


UK health and beauty retailer Alliance Boots has seen its revenue for the year to 31 March 2013 fall 2.6% to £22.4bn. Despite this, the company’s trading profit grew 6.1% to £1.27bn, with its Health & Beauty business growing 6.8% to £865m.

Commenting on the figures, Stefano Pessina, Executive Chairman, said: “This has been a transformational year for Alliance Boots due to our exciting new strategic partnership with Walgreens, which we are further strengthening by our recent joint agreement to partner with AmerisourceBergen.”

He continued: “Against the backdrop of this major corporate activity, and the challenging conditions across our markets, we have again delivered a double digit growth in underlying profit after tax. Our people are at the heart of everything we do and it is through clear leadership combined with great teamwork that we have been able to deliver such consistently good results.”

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