Strong growth in 2017 helps Lundbeck meet high expectations

7 February 2018

Copenhagen’s Lundbeck took in 17.2 billion Danish kroner ($2.85 billion) in sales last year, hitting on the nose the Financial Times’ consensus forecast for 2017 and adding 10% to the previous year’s revenues.

Lundbeck shares were boosted by 4% in trading this morning.

Following generally accepted accounting principles, earnings before interest and taxes (EBIT) were 4.4 billion Danish kroner. That equates to an earnings per share (EPS) figure of 13.28 Danish kroner, more than double the EPS for 2016.

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