Lundbeck revenue rises sharply ahead of CEO transition

16 August 2023

Danish CNS specialist Lundbeck (LUND: CO) has announced a 13% rise in its revenue for the first half of 2023.

The 9.98 billion Danish kroner ($1.46 billion) total included growth from all regions, with the key markets of the USA and Europe contributing strongly.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 46% to 3.34 billion kroner, and Lundbeck has now raised its guidance for 2023 as a whole.

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