Andy Hornby - Career - Alliance Boots - Financial Results

Financial Results

In his first year as Group Chief Executive, Hornby presented the Alliance Boots preliminary results announcement for the year ended 31 March 2010. Alliance Boots reported:

  • Revenue (including share of associates and joint ventures) up 9.6% to £22.5 billion
  • EBITDA (including share of associates and joint ventures) up 9.2% to £1,360 million
  • Trading profit (including share of associates and joint ventures) up 12.7% to £1,074 million

Hornby commented: “Alliance Boots performed strongly in 2009/10, delivering a double digit trading profit growth, combined with a robust cash flow. This is a particularly good performance, given the challenging economic conditions we faced throughout the year. Although we are planning for consumer demand across Europe to remain subdued, we are confident about our prospects for the year ahead.”

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