Sobi rises as it reports 2nd-qtr results

19 July 2022

Swedish Orphan Biovitrum (STO: SOBI) today released financial results covering the second quarter of 2022, showing that revenues came in at 3,876 million kronor ($369 million), a rise of 21% (+10% at constant exchange rates). Shares of the firm, also known as Sobi, were up 4.2% at 227.00 kronor by early afternoon trading.

Earnings before interest, taxes and amortization (EBITA) rose 2.4% to 922 million kronor. Earnings per share (EPS) were 0.91 kronor, versus 0.91 kroner in the like year-earlier period. EPS before dilution adjusted was unchanged at 0.91 kronor. Cash flow from operating activities was 423 million kronor compared to 1,393 million kronor in second-quarter 2021.

2022 outlook

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