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Weifa ASA : Second Quarter Results 2015

Oslo, 25 August 2015

Weifa ASA: Second Quarter 2015. A pure consumer health company. Board proposes

Weifa ASA (OSE: WEIFA) has become a pure consumer health company following the
spin-off of its B2B operations and tablet manufacturing on 1 June 2015. The
gross consideration of NOK 120 million from the sale has strengthened the
balance sheet, and the board proposes a dividend of NOK 0.09 per share to be
paid out in Q4. Going forward, Weifa is positioned to pursue an ambitious
growth strategy.

Weifa maintained high market shares in all categories and segments in both the
pharmacy and mass market channels during the second quarter. Total revenues
for the continued operations of the consumer health business in Weifa ASA in
the first half 2015 was NOK 158 million, representing an increase of 7.4
percent from the same period last year. EBITDA from continued operations came
to NOK 31.6 million before the calculated cost of employee options,
corresponding to an EBITDA margin of 20 percent. Total revenues for the
second quarter amounted to NOK 70.6 million and EBITDA was NOK 12.7 million
before option cost, giving an EBITDA margin of 18 percent.

"A late Easter and a one-week warehouse closure while executing the split
between Weifa and Vistin Pharma caused the decrease in revenues and EBITDA
margin in second quarter. However, the figures for first half show a solid
growth, and we maintained high market shares in all our key categories. Going
forward, we expect revenue growth and EBITDA margin to continue in line with
the first half of 2015 ", says CEO Kathrine Gamborg Andreassen.

Weifa will give a presentation today at 08:30 CET at Felix Konferansesenter,
Bryggetorget 3, Oslo, Norway. CEO Kathrine Gamborg Andreassen and CFO Simen
Nyberg-Hansen will represent the company.

Please find the report and presentation for the second quarter and first half
2015 enclosed. The report and presentation will also be made available

For further information, please contact:

Kathrine Gamborg Andreassen
+47 95 17 86 80

Simen Nyberg-Hansen
+47 98 20 63 55

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

Weifa ASA 2nd Quarter Report 2015
Weifa ASA 2nd Quarter Presentation 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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