Ebos slides 9.8% after losing A$1.9b Chemist Warehouse contract

The loss sliced $776m from the value of the company. (Image: Getty)

Tue, 06 Jun 2023

Ebos Group shares dropped 9.8% after the healthcare and animal care products maker lost a major contract to supply pharmaceuticals to Chemist Warehouse. The company will lose the A$1.9 billion (NZ2.06b) contract for the discounter pharmacy chain’s Australian stores at the end of June 2024, losing more than a tenth of its annual revenue of A$10.7b. The shares were recently down $4.05 at $37.41, slicing $776 million from the market value of the now $7.17b company.“We have always recognised that the contract renewal was a risk to...

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