Alliance Boots ‘confident in continued double-digit growth’

Alliance Boots' pharmaceutical wholesale division chief executive Ornella Barra has stated that the company's leadership is confident it will continue to achieve double-digit growth.

Speaking at the European Pharmacists Forum in Paris last week, Ms Barra said the firm's executive chairman Stefano Pessina is expecting Alliance Boots to maintain its strong recent growth for the sixth consecutive year, reports Chemist and Druggist.

This comes after the company achieved a 12.4 percent increase in trading profits last year, with momentum likely to continue in the coming months thanks to the 4.27 billion pound merger it agreed with US pharmacy chain Walgreens last June.

Ms Barra said she is confident pharmacy will retain a core position in healthcare delivery, providing the sector is proactive and open to change.

She added: "There will be tough times, but there are tough times for everybody and our sector is one that has had less of a problem than others."

Last month, the organisation announced that it will be increasing its investment in UK hearing care services by expanding its partnership with Sonova Holding.