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Ascendis Health reports positive momentum in total group performance

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Ascendis Health Limited has issued a strategy and operational update for the year ended 30 June 2021, noting positive momentum and growth in the group’s overall performance.

On Monday, 20 September 2021, Ascendis Health Limited issued its strategy and operational update and trading statement for the year ended 30 June 2021. The group noted positive momentum in the overall performance, as seen in the normalised earnings EBITDA compound annual growth and in the remaining assets that will comprise the New Ascendis Health.

The group stated that this growth in momentum has contributed to it being able to negotiate the group recapitalisation, while holding on to a set of core assets that have more value than what was previously predicted. In terms of operational performance of medical devices, the group is anticipating revenue to close between R956 million and R1 005 million, which is an increase of 10 to 16 percent. In the case of Ascendis Pharma, the private pharmaceutical market declined due to COVID-19, while consumer health performance momentum increased in the second half of the financial year.

What is the description of the medical devices business for Ascendis Health?

This business is a market leader in the distribution of medical devices and in vitro diagnostics. It has long-standing and trusted relationships with key suppliers of over 15 years and is an exclusive distributor of leading, sought-after brands.

What is the description of the Pharma business for Ascendis Health?

Pharma operates primarily within the private and public sectors of the southern African pharmaceutical industry and is a marketer and distributor of both prescription and over-the-counter medicines. Its customers include retail pharmacies and pharmaceutical wholesalers, amongst others.

What is the description of the consumer health business for Ascendis Health?

The consumer health segment comprises five consumer healthcare businesses, namely wellness, marketing and distributing branded vitamins and supplements; supply chain, skin and body; developing markets and distributing premium skin and body care brands, Chempure and Compounding Pharmacy.

Mahlohonolo Lakaje
[email protected]

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