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Weifa ASA : First quarter 2015 results - continued growth and a solid quarter for both segments

Oslo, 28 April 2015

Weifa ASA (OSE: WEIFA) had consolidated revenues of NOK 151.3 million in the
first quarter, which mainly represents the revenue of Weifa AS which was
acquired 15 August 2014.

Consolidated EBITDA was NOK 23.4 million for the period, after calculated
costs of employee options of NOK 1.4 million and an accrual for employee
bonuses for the first quarter of NOK 1.0 million. The group also incurred
one-off costs of approximately 1.0 million relating to the planned spin-off
of Weifa's B2B business.

Weifa AS, on a stand-alone basis, had revenues of NOK 151.6 million (142.5)
and EBITDA of NOK 27.0 million (24.9) in the first quarter, after an accrual
for employee bonuses for the quarter of NOK 1.0 million (0.0), and one-off
costs of NOK 1.0 million (0.0).

- Weifa reports solid results for the first quarter, primarily
supported by improved revenues in Consumer Health, as we maintained our
position as the category leader in pain relief and continued our growth in
the cough and cold category. In addition, our exciting product pipeline bodes
well for future growth in Consumer Health, comments CEO Kjell-Erik Nordby.
- In B2B, our volumes and revenues are developing according to
expectations, our factories are running at full capacity, and approx. 95% of
the metformin volume for 2015 has been contracted.
- Following the recent resolution by the general meeting to split
the company in two distinct entities - Weifa (consumer health) and Vistin
Pharma (B2B and contract production) - our company is entering a new chapter.
From both a financial and an industrial perspective, this solution secures
each business the best potential for development, and I am excited about the
future for both companies.

Weifa will give a presentation today at 08:30 CET at Felix Konferansesenter,
Bryggetorget 3, Oslo, Norway. CEO Kjell-Erik Nordby, VP Consumer Health
Kathrine Gamborg Andreassen and CFO Gunnar Manum will represent the company.

The presentation will also be webcast live and can be accessed directly
from Questions can be submitted live during the

.The first quarter report and presentation is attached, and will be made

For further information, please contact:

Kjell-Erik Nordby
+47 91 36 42 80

Gunnar Manum
+47 95 17 91 90

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Weifa ASA first quarter presentation 2015
Weifa ASA first quarter report 2015


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Weifa ASA via Globenewswire


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