Stada Arz posts strong 1st-half 2016 earnings growth
German drugmaker Stada Arzneimittel (SAZ: Xetra) saw its share rise 1.35% to 48.26 euros in late morning trading today after it reported financial results, showing strong earnings growth.
Reported group sales showed a slight rise of 1% to 1,035 million euros. When effects on sales based on changes in the Group portfolio and currency effects are deducted, adjusted group salesincreased by 4% to 1,061 million euros.
Reported operating profit increased by 22% to 136.3 million euros in the first six months of 2016. Reported earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 11% to 200.7 million euros. Reported net income increased by 53% to 82.0 million euros.
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