SOBI 3rd-qtr revenues rocket 37%

25 October 2017

Swedish Orphan Biovitrum (STO: SOBI) saw its share rise 4.33% to 122.90 Swedish kronor, after it announced its results for the third quarter 2017, with earnings beating analysts’ expectations.

Total revenues amounted to 1,601 million kronor ($196.2 million), an increase of 37%. Earnings before interest, taxes and amortization (EBITA) came in at 536 million kronor, up from 282 million kronor, with earnings per share at 1.20 kroner, versus 0.50 kronor in the like year-earlier period.

Analysts polled by Reuters expected EBITA of 509 million kronor, but revenues missed their 1,636 million kronor expectations.

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