Sobi 3rd-qtr 2024 sales and earnings leap
Swedish Orphan Biovitrum (STO: SOBI), the Nordic biotech company also known as Sobi, today announced significantly improved financial results for the third quarter of 2024, sending the firm’s shares up 2.5% to 333.60 kronor in early trading.
Total revenue increased 33%, 39% at constant exchange rates, (CER), to 6,894 million kronor ($654 million).
Adjusted earnings before interest, tax and amortization (EBITA) margin was 43% (versus 30%), excluding items affecting comparability (IAC). EBITA was 2,923 million kronor (compared with 1,443 million kronor), corresponding to a margin of 42% (28%). EBIT was 2,038 million kronor (versus 547 million kronor).
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