Cegedim Announces Sales Results for the Fourth Quarter and Full Year of 2013; Provides Earnings Guidance for 2013 and Revenue Guidance for 2014
Over the full year 2013, revenues amounted to EUR 902.3 million, down 2.1% on a reported basis and 0.5% like-for-like.
Considering the level of revenues at end-2013, the Group expects its operating margin from recurring operations to improve in a range of 0 to 50 basis points.
Unless market trends change significantly, the Group expects stable revenues in 2014 and around half a point improvement in its operating margin from recurring operations.