Recordati sees continued double-digit growth in first 9 months of 2024
Italian pharma major Recordati (RECI: MI) saw its shares dip 3.75% to 50.10 euros this morning, despite posting a set of strong financial results.
Consolidated net revenue for the first nine months of 2024 was 1,743.1 million euros ($1.88 billion), up 12.0% versus the first nine months of 2023 or 9.3% on a like-for-like basis at constant exchange rates (CER). This was driven by strong business momentum across both specialty & primary care and rare diseases. T
Adjusted net income of 445.4 million euros rose9.5%. Net income of 338.4 million euros increased 11.1%.
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