Recordati posts 4.7% rise in Q3 revenue

Italy-based Recordati (RECI: MI) on Wednesday posted a 4.7% year-on-year rise in revenue for the third quarter boosted by international sales.

The company reported consolidated revenue of 245.2 million euros ($271.4 million). International sales, which represent 79.3% of total revenues, grew by 6.2% while sales in Italy, at 20.7% of the total, fell 1.5%.

Recordati said operating income rose 15.8% versus a year ago to 67.8 million euros. Pretax profit at 65.9 million euros was up 21.5% from the same period of the preceding year.