Specialty and primary care drive strong result for Recordati

12 May 2023

Italian drugmaker Recordati (RECI: MI) has reported strong net revenues of 551 million euros ($600 million) in the first quarter of 2023, up 31.5%.

With solid growth in its portfolio of primary care and specialty care products, the Milanese firm upped its 2023 financial guidance, forecasting revenues of between 2.05 and 2.09 billion euros. Recordati shares were up 3.8% at 44.79 euros by late afternoon.

The new net profit guidance is for between 490 million and 500 million euros.

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