Gedeon Richter first-half 2024 pharma revenues grow 14%
Hungary’s largest drugmaker Gedeon Richter (RICHT: HB) has announced its financial results for the first half of 2024.
Pharmaceutical revenues grew 16% to 213 billion forint ($554.7 million) in the second quarter, bringing first half year revenues to 413 billion forint, up 14% year-on-year. Excluding currency changes (ex-FX), revenue growth was 12.5% in the first half, within the full year 2024 guidance range.
The impact of the Russian rouble’s weakness is slowly fading, while the weaker forint provided some tailwind for reported sales in Q2, across all segments, the company noted.
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