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Home Industry News Alliance Boots reports strong growth in 2010-11

Alliance Boots reports strong growth in 2010-11

18th May 2011

Alliance Boots has published its financial report for the 2010-11 business year, during which it experienced a 15.1 percent year-on-year increase in revenue.

The pharmacy and healthcare firm generated a revenue total of 20.2 billion pounds for the year, a figure which rose to 23.2 billion pounds when factoring in contributions from associates and joint ventures.

In the last 12 months, the company has been able to increase the international presence of its brands, while expanding its operations via the acquisition of controlling stakes in its associates Hedef Alliance and Anzag.

Stefano Pessina, Alliance Boots' executive chairman, said the organisation has confidence in its short and long-term prospects, despite its expectations that consumer demand will be muted in the coming months.

"This comes from having a clear strategy, the right values, strong financial disciplines and dedicated teams throughout the group focused at all times on our customers," he said.

The last year also saw the departure of group chief executive Andy Hornby, who chose to leave the organisation in March 2011.ADNFCR-8000103-ID-800548330-ADNFCR

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