Business Irish

Friday 23 August 2019

Boots weathers storms to hike profit to €24m

MD of Boots Ireland, Bernadette Lavery
MD of Boots Ireland, Bernadette Lavery

Gordon Deegan

The Irish arm of pharmacist Boots overcame challenges posed by snow and storms to deliver fiscal 2018 pre-tax profits of €24.1m.

New accounts from Boots Retail (Ireland) Ltd show that the business enjoyed a 12pc increase in pre-tax profits as revenues rose by 2pc to €386.19m in the 12 months ending in August.

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According to the directors' report, the company delivered a strong performance as a result of new store openings, good retail trading and strong pharmacy volumes partially offset by the impact of storms and snow.

Managing director Bernadette Lavery, pictured, said: "We are delighted to have had another good year of growth for Boots Ireland, delivering both revenue and profit growth."

Boots Ireland paid a dividend of €98.7m last year.

Ms Lavery said: "Since our first store opening in 1996, we have grown our footprint in Ireland and we now employ over 2,000 colleagues.

"We continue to build on recent progress and invest in retail pharmacy in Ireland, rolling out new pharmacy services and new beauty content." Boots last year operated 87 stores. Staff costs totalled €65m.

Irish Independent

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