Danish CNS specialist Lundbeck (LUND: CO) today released financials, showing that revenue increased by 10% (+9% constant exchange; CER) to 14,934 million kroner ($2,148.8 million) in the first nine months of 2023, driven mainly by growth in the USA and Europe.
In the USA, sales for the nine months came in at 7,317 million kroner (+11%; +13% CER). In Europe, the figure was 3,454 million kroner (+10%; +11% CER), while in International Markets revenues were 3,926 million kroner (-2%; +3% CER).
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased to 4,859 million euros (+31%; +20% CER) and adjusted EBITDA margin reached 32.5% equivalent to an increase of 5.2 percentage points. Adjusted earnings per share (EPS) reached 3.65 equivalent to an increase of 27%.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze