Gedeon Richter first-half 2024 pharma revenues grow 14%

9 August 2024

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.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK