Sobi posts continued solid progress for 1st-qtr

27 April 2023

Swedish Orphan Biovitrum (STO: SOBI), also known as Sobi, today released financial results for the first quarter of 2023, showing that total revenues were up 6% year-on-year at 5,239 million Swedish kronor ($508.6 million), but down 2% at constant exchange rates (CER).

Earnings before interest, taxes, and amortization (EBITA) came in at 2,121 million kronor, up 64%, with an EBITA margin of 40%. Earnings per share (EPS) before dilution 3.60 kronor, +96%, and EPS adjusted before dilution was 3.60 kronor (3.67).

Sobi said that the full-year outlook for 2023 is unchanged. Revenue is anticipated to grow by a low-to-mid single-digit percentage at CER and EBITA margin adjusted is anticipated to be at a low 30s percentage of revenue. Sobi’s shares were down 2.7% at 254.80 kronor by mid-afternoon.

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