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GALE — Galenica AG News Story

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Brief: Galenica Focuses Bichsel's Business On Home Care Services

Feb 24 (Reuters) - GALENICA AG GALE.S:

GALENICA FOCUSES BICHSEL'S BUSINESS ON HOME CARE SERVICES

BICHSEL INTENDS TO DISCONTINUE PHARMACEUTICAL PRODUCTION BY END OF 2026 AT LATEST FOR ECONOMIC REASONS

THIS AFFECTS UP TO 170 JOBS

CONSULTATION PROCESS HAS BEEN INITIATED

IN EVENT OF CLOSURE OF BICHSEL'S PRODUCTION DIVISION, GALENICA GROUP EXPECTS ONE-OFF SPECIAL COSTS OF CHF 35-40 MILLION

DISCONTINUATION OF BUSINESS AREA WOULD IMPROVE ADJUSTED EBIT^1 OF GALENICA GROUP BY AROUND CHF 3 MILLION PER YEAR FOLLOWING ITS CLOSURE AT END OF 2026

Source text: ID:nEQ2kMlXxa

Further company coverage: GALE.S

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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