Strong first half 2024 start for UCB

25 July 2024

Belgium’s largest drugmaker UCB (Euronext: UCB) today released financial results for the first half of 2024, which beat analysts’ expectations.

Revenue in the first half reached € 2.79 billion euros ($3.03 billion), up 8% (+10% at constant exchange rates; CER). Net sales were 2.64 billion euros (+11%; +13% CER).

Underlying profitability, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) reached 652 million euros (-19%; -13% CER1), driven by higher revenue and significantly higher operating expenses due to the strong launch investments and lower other revenue and lower other operating income.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical