Fifth consecutive year of profitable growth for Belgium's UCB
Belgium’s largest drugmaker UCB (Euronext Brussels: UCB) today reported financial results for 2018, posting revenues of 4.63 billion euros ($5.27 billion), +2% at actual and +5% at constant exchange rates (CER).
Net sales went up by 5% (+8% CER) to 4.41 billion euros, driven by the continued growth of UCB's five core products, with combined net sales of 3.8 billion euros (+6%; +10% CER), representing 82% of UCB’s revenue.
Underlying profitability on a recurring earnings before interest, taxes, depreciation and amortization (rEBITDA) basis increased to 1,398 million euros: 2%, +5% CER.
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