Sobi reports strong second quarter 2023 results

18 July 2023

Shares of Swedish Orphan Biovitrum (STO: SOBI), also known as Sobi, edged up 3% to 212.00 kronor today, after it posted financial results for the second quarter of 2023.

Total revenue increased 26%, (+16% at constant exchange rates [CER]), to 4,872 million kronor ($476.2 million).

Adjusted earnings before interest, taxes and amortization (EBITA) margin expanded by 1 percentage point to 26% excluding transaction costs and other items affecting comparability (IAC). EBITA at 1,009 million kronor (944), a margin of 21%. EBIT was 413 million kronor (down 2.4%), adjusted EBIT was 649 million kronor (up 48.5%). Earnings per share (EPS) before dilution were 0.75 kronor (versus 0.87), EPS adjusted before dilution was 1.48 kronor (+62.6%).

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