UCB predicts further growth after 2015 profits rise

29 February 2016

Belgian pharmaceutical group UCB (Euronext Brussels: UCB) has announced a 35% rise in core profits.

The company’s 2015 annual report revealed an earnings before interest, tax, depreciation and amortization (EBITDA) figure of 821 million euros ($907.9 million) which was higher than industry analysts had predicted. Dividends were up by 4% to 1.10 euros from 1.06 euros last time.

And bosses have forecast further expansion of revenue and profit this year after three newer drugs drove earnings by more than expected.

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