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Celesio

Celesio AG
Aktiengesellschaft
Traded as CLS1
Industry Pharmaceuticals
Founded 1835
Founder Franz Ludwig Gehe
Headquarters Stuttgart, Germany
Key people
Marc E. Owen (Chairman of the Management Board/ Chief Operating Officer/ Labour Relations Director), John H. Hammergren (Chairman of the Supervisory Board)
Services pharmaceutical wholesale and retail
Revenue €22.325,9 million (2014)
€237.0 million (2014
Profit €52.4 million (2014)
Total assets €7.829,6 million (2014)
Total equity €2.761,5 million (2014
Number of employees
29,123 (2014)
Parent McKesson Corporation
Website www.celesio.com

Celesio AG is a German healthcare and pharmaceutical company, based in Stuttgart. The company operates in 14 countries around the world and generated revenue of more than 22,000 million euros in 2014. The corporation is part of the American McKesson Corporation who has a 76% stake in the company.

The head office is situated in Stuttgart Bad Cannstatt, between the Wilhelma zoo and botanical gardens and the mineral baths. The company’s core business consists of pharmaceutical wholesale and pharmacies. In the pharmaceutical wholesaling sector, Celesio has a market presence in 14 countries. It has a range of services for pharmacists on matters of health, medicines and wellness. An extensive distribution network of more than 134 branches provides deliveries to some 65,000 pharmacies and hospitals.

Pharmacy solutions: Celesio's Pharmacy Solutions division focuses on the pharmaceutical wholesale business. Pharmaceutical wholesale has always been a major cornerstone of Celesio's core business. With its subsidiaries, Celesio AG is represented in 11 European countries and Brazil. A total of 134 wholesale branches supply around 65,000 pharmacies and hospitals every day.

Consumer solutions: Celesio's Consumer Solutions division runs pharmacies of its own as well as partnership pharmacies. They sell a wide range of non-prescription products and medical services besides the traditional prescription pharmaceuticals. Celesio is one of the largest pharmacy operators in Europe, with 2,200 pharmacies of its own and 4,300 participants in brand partnership schemes.

It owns Evolution Homecare which provides clinical homecare services across the United Kingdom. It was reported in January 2016 that it was to buy BUPA's domiciliary care business.

The company was founded in 1835 by businessman Franz Ludwig Gehe in Dresden and opened to the capital market on 1 January 1903 as the result of a conversion into a public limited company. In January 1904, the shares were approved for trading on the former stock exchange in Dresden.

In 1909 the company relocated to a new and bigger site in the Leipziger Strasse and gave up their former seat in the Königstrasse (both in Dresden). The capital increase that took place in 1910 and 1912 laid the financial foundation for the country-wide sale of "drugs and paints, pharmaceuticals and chemical products" in proximity to customers. Following this expansion, the company founded its first subsidiary in Stuttgart, Germany.


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