Lundbeck 2Q Revenue Grows 9%
Lundbeck's second quarter revenue of DKK 4,100 million grows 9% compared to the same period last year.
Denmark's pharmaceutical company Lundbeck has reported its second quarter revenue of DKK 4,100 million growing 9% compared to the same period last year. In constant exchange rates revenue for the quarter increased 13%.
The growth was driven by increasing revenue from all key products and geographic regions. Profit from operations was DKK 1,102 million, increasing 18% and corresponding to an EBIT margin of 26.9%. Operating profit before depreciation and amortisation (EBITDA) was DKK 1,250 million, increasing 4% and corresponding to an EBITDA margin of 30.5%.
Lundbeck's President and CEO Ulf Wiinberg said: "Again our key products deliver solid growth and during the quarter we received positive and encouraging data from t
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