UCB beats 2017 estimates and promises investment

26 February 2018

UCB (Euronext Brussels: UCB) recorded revenue of 4.53 billion euros ($5.6 billion) in 2017, up 9% on the figure for 2016, the company announced in presenting its annual results.

The Belgian drugmaker was particularly keen to stress that – after achieving its debt reduction target two years earlier than expected in 2016 – its profitability has now surpassed 30% recurring earnings before interest, taxes, depreciation and amortization (rEBITDA) one year ahead of guidance.

"We will invest into our pipeline complemented with selectively bringing in external opportunities"

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