Sobi rises on strong 3rd-qtr 2023 revenue and solid performance
Swedish Orphan Biovitrum (STO: SOBI), also known as Sobi, saw its shares rise 5.5% to 235.80 Swedish kronor in early trading today, as it released financial results for the third quarter of 2023.
Sobi said that revenue increased 29%, +23% at constant exchange rates (CER), to 5,168 million Swedish kronor ($464.3 million).
Adjusted earnings before interest, taxes, and amortization (EBITA) margin was 30%, excluding items affecting comparability (IAC). EBITA was 1,443 million kronor, corresponding to a margin of 28%. EBIT was 547 million kronor.
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