ANNUAL REPORT 2006/07
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Tamro in Brief

Highest quality in partnerships

With its roots in Tampere, Finland, Tamro Group’s history dates back to 1895. Today we are the leading pharmaceutical wholesaler in Northern Europe, with operations in eight countries spanning from the Nordic countries to the Baltic countries and Poland.

Tamro focuses on delivering pharmaceutical products to pharmacies. In those countries where liberalisation of pharmacy ownership advances, we aim at extending our operations to the ownership of pharmacies. This is done in order to secure our market position in our core business, pharmaceutical wholesaling. At present time Tamro owns pharmacies in Norway, Estonia, Latvia and Lithuania. 

We all have one thing in common – the vital need for medicines. Medicines preserve life and Tamro has a crucial role in the healthcare chain. Tamro’s strategy is based on the desire to create close partnerships with all our customers – pharmacies, health centres, hospitals and the end consumer. To further deepen this co-operation, Tamro provides its know-how in the warehousing and distribution of medicines in a reliable and cost efficient manner.

Tamro’s net sales amounted to over 5.4 billion euros in the financial year 2006/07. With approximately 4,700 employees, Tamro is a fully owned subsidiary of PHOENIX Group. PHOENIX Group is the third largest pharmaceutical wholesaler in Europe headquartered in Mannheim, Germany.

Vision

As the leading pharmaceutical distributor in northern Europe, we continually want to develop our strong position in pharmaceutical distribution by being the most efficient, highest quality partner for our suppliers and customers.

Mission

We provide value adding and sustainable solutions to healthcare and the pharmaceutical industry. We are committed to the success of our customers and we share a common target with them: the health and well-being of consumers.

Values

  • Commitment to customer success
  • Openness, trust and appreciation
  • Daily improvement
  • Strong ethics

 

 
FINANCIAL HIGHLIGHTS   2006/07 2005/06
       
Net sales EURm 5 464,5 4 856,8
Sales outside Finland EURm 4 395,6 3 758,7
  of consolidated net sales % 80,4 77,4
Other income   6,3 7,6
Operating expenses EURm 5 319,7 4 713,0
Depreciation EURm -33,7 -34,9
Operating profit EURm 117,4 116,5
Operating margin % 2,1 2,4
Profit before extraordinary items EURm 111,4 111,1
Extraordinary items EURm 48,5 0,0
Profit before taxes EURm 159,9 111,1
Income taxes EURm -33,2 -28,1
Net profit for the period EURm 126,4 82,8
Free cash flow EURm 152,0 95,1
       
Return on capital employed % 40,7 28,3
Return on equity % 36,8 24,9
Earnings per share EUR 1,10 0,72
Dividend per share EUR 0,60 0,20
       
Net gearing % -0,7 26,4
Investments EURm 35,1 71,8
Number of employees, average   4 693 4 223
 
Tamro Group in 2006/07
Net sales EURm 5,464.5
Operating profit EURm 117.4
Operating margin % 2.1
Free cash flow EURm 152.0
Number of employees, average   4,693
  Tamro Web Annual Report 2006/07. Published 9 May 2007. Copyright © Tamro Corporation 2007. All rights reserved.