Annual Report

for the year ended 30 April 2013

Consort Medical plc

Consort Medical is a healthcare company focused on medical device technologies for drug delivery.

Our strategy moving forward is to build on and strengthen our core businesses through new product innovation, increased market reach and higher value product and service offerings.

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Like for like operating profit (before special items) up 2.9% to £21.5m;

Adjusted EPS from continuing and discontinued operations up 5.2% to 54.9p per share;

Development pipeline strengthened with considerable progress in the development of programmes;

Successful launch of Chiesi NEXThaler, initially in Germany;

New contract for nicotine delivery device including drug handling and pharmaceutical packaging for the customer;

Completed divestment of King Systems for a full price before contingent consideration of £79.6m; and

Final dividend increased 5.0% to 12.71p, giving a full year dividend of 19.71p, and dividend cover of 2.79x.

Chairman's Letter

Chairman's Letter

Dr. Peter Fellner provides an overview of a significant year.

This year Consort Medical has successfully built on the achievements of 2012, with significant developments across the business.

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Chief Executive's Review

Chief Executive's Review

Consistent strong financial performance and strategic execution.

In our last Annual Report, I outlined how the Group had executed on its growth strategy in both Bespak and King Systems.

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Our Strategy

Specific to the Bespak business, its strategy is to operate a mixed model producing both its own proprietary products, and the contract manufacture of customers' products, based on its know-how and regulatory expertise.

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Financial Review

Financial Review

Our development pipeline continues to advance providing clear evidence of future growth.

FY2013 was a successful year for Consort Medical, with continuing growth in Bespak revenue and profits, and strong cash generation from operations.

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Annual Report 2013

Consort Medical Annual Report 2013

Download a full copy of this years annual report here.

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Q&A Video

Q&A Video

2013 highlights and strategy for 2014 are discussed by Jonathon and Richard

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