Swedish Orphan Biovitrum down on 3rd-qrt results
Rare diseases specialist Swedish Orphan Biovitrum (STO: SOBI) saw its shares fall more than 3% to 204.40 kronor this morning after releasing third-quarter 2022 financial result.
Also known as Sobi, the company announced that total revenue for the quarter was 3,999 million kronor ($353.9 million), +6% as reported, -6% at constant exchange rates (CER).
Earning before interest, taxes and amortization (EBITA) were up 6% at 1,241 million kronor, with earnings per share (EPS) declining to 1.52 kronor from 1.60 kronor. The EBITA margin was 31%, the same as in the same year-earlier period.
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