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EBOS GROUP LIMITED — Capital/Financing Update 2018
Nov 18, 2018
64813_rns_2018-11-18_a1eb1b22-c751-4468-82ed-f86408cd1c3f.pdf
Capital/Financing Update
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NZX/ASX Code: EBO
19 November 2018
EBOS and Chemist Warehouse Group execute supply contract
EBOS is pleased to advise that it has signed an agreement with Chemist Warehouse Group (CWG) for the exclusive wholesale distribution of pharmaceutical products to more than 450 CWG stores throughout Australia.
The five-year agreement, effective from 1 July 2019, provides for a potential extension of three years.
EBOS estimates that sales to CWG stores will generate approximately AUD$1 billion in revenue in the first year of the agreement.
EBOS Chief Executive Officer, John Cullity said the contract was an important development for both parties.
“This contract is a very positive endorsement of the capability we have built in wholesale pharmaceutical distribution and reflects the large investment in facilities, technology and people we have made over the last 5 years,” Mr Cullity said.
“We look forward to a strong and productive relationship with CWG from 1 July next year.”
Chemist Warehouse Group co-founder and director Damien Gance said that EBOS’ wholesaling expertise and service standards made it a great fit for the CWG network.
“CWG is a dynamic organisation experiencing rapid growth and relies on the expertise of its supply chain partners to service its retail network. EBOS is the leading pharmaceutical wholesaler in Australia and New Zealand and we are pleased to be partnering with them to assist the growth and development of our network,” Mr Gance said.
For further information, please contact:
Australian Media: James Aanensen PRX +61 410 518 590
Investor Relations: Mark Connell Investor Relations Manager EBOS Group Ltd +61 402 995 519
New Zealand Media:
Geoff Senescall
Senescallakers +64 21 481 234
EBOS Group Limited. NZBN 9429031998840 Level 7, 737 Bourke Street, Docklands, Victoria 3008, Australia. Phone: +61 3 9918 5555, Fax: +61 3 9918 5588. www.ebos.co.nz