<img class="aligncenter" src="https://daytradergt.com/wp-content/uploads/2021/10/336898445233a268f78b647b30d0c34b.jpg" alt="Walgreens отчитывается за квартал и выходит на новый рынок" />
Pharmacy chain Walgreens Boots Alliance (WBA) published the financial report for the fourth quarter and fiscal year 2021. Quarterly results:
- revenue increased by 13%, up to $34.3 billion;
- operating profit increased by 50%, up to 0.9 billion;
- net profit increased by 68%, up to 0.6 billion.
Here's how the year ended.:
- revenue increased by 9%, to 132.5 billion;
- operating profit increased by 138%, up to 2.3 billion;
- net profit increased sixfold, up to 2.5 billion.
Operating and net profit of WBA grew strongly, but they were affected by various non-cash incomes and write-offs., claim payments, etc.. It will be better to evaluate the company's financial results by sales.
US Quarterly Revenue, in the main WBA market, grew by 7%, up to 28.8 billion. Revenue in other countries increased by 62%, up to 5.5 billion. Mainly due to the removal of quarantine restrictions in the UK.
Among other things, the company increased sales due to the vaccine. The WBA vaccinated 13.5 million people against coronavirus in the quarter - twice as many, than expected. In the future, the company plans to make vaccines for other diseases., such as hepatitis.
According to management, people are afraid of the spread of coronavirus, so the demand for home tests for COVID-19 and cold medications has also increased.
The WBA also met its goal of cutting annual spending by $ 2 billion.. By 2024, the company expects to save about 3 billion a year.
After the publication of the report, the WBA held an investor day. At the event, the company announced the diversification of the business through a "new engine of growth" - Village Medical.
The WBA invested $ 5.2 billion in the Village MD network of clinics and increased its stake in the company from 30 to 63%. Walgreens plans to open 600 clinics in or near its pharmacies by 2025. Clients of the network will be able to get a doctor's consultation in one place, take tests and buy medicines.
Village MD is a separate company, which expects to go public in 2022. Village MD has 230 clinics, and its revenue in four years has grown from 0,2 to $1.3 billion.
The WBA consider, that the new business will begin to make a profit in the coming years. According to the company's estimates, adjusted earnings per share until 2024 will grow by 4%, after — at 11-13%.
Investors respond positively to Walgreens announcement. During the day, the company's shares rose by 7,4%, to 50,8 $. Since the beginning of the year, papers have been added 22,6%.
