Acino ? Delivering Health
Acino ? Delivering Health
Acino ? Delivering Health
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Reduced currency exposure<br />
Mepha / Cephalon acquisition leads to reduced FX exposure<br />
- Sales in CHF: FY 2011 nearly 0%, H1-2012 increase to 15%<br />
- Sales in USD or related currencies: FY 2011 0%, H1-2012 24%<br />
- Operating Expenses in USD or related currencies:<br />
FY 2011 0%, H1-2012 27%<br />
Amended natural hedge<br />
86