Sobi reports strong 2nd quarter 2024 sales growth
Swedish Orphan Biovitrum (STO: SOBI), the Nordic biotech company known as Sobi, today announced financial results for the second quarter of 2024.
Total revenue for the quarter increased 12%, 11% at constant exchange rates, (CER), to 5,442 million Swedish kronor ($518.3 million).
The adjusted earnings before interest, tax and amortization (EBITA) margin was 28% (versus 26% a year earlier), excluding items affecting comparability (IAC). EBITA was 1,486 million kronor (up 47% vs 1,009 million kronor a year ago), corresponding to a margin of 27% (vs 21%).
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