Celesio Group reported consolidated earnings results for the first half ended September 30, 2016. For the period, revenue was EUR 10,376.3 million against EUR 10,672.7 million for the same period prior year. EBIT was EUR 146.3 million against EUR 228.6 million for the same period prior year. EBIT adjusted was EUR 157.1 million against EUR 235.5 million for the same period prior year. The devaluation of the British Pound led to negative exchange rate effects of EUR 431.2 million. The decline in revenue due to these exchange rate effects and the sale of the Norwegian and Swedish businesses to McKesson was partially offset by revenue growth in the German wholesale operation and the acquisitions completed in the first half of fiscal 2017.

The company expects EBIT adjusted, on a constant currency basis and excluding the prior year disposals, to be slightly below fiscal 2016.