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Sobi Publishes Report for First Quarter 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
By: PR Newswire Association LLC. - 25 Apr 2019 | Back to overview list |
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STOCKHOLM, April 25, 2019 /PRNewswire/ -- Swedish Orphan Biovitrum AB (publ) (Sobi™) today announces its results for the first quarter 2019. Total revenues were SEK 3,265 M (1,964), with 66 per cent revenue growth in the quarter compared with Q1 2018 (54 per cent at constant exchange rates (CER)). EBITA1 increased by 96 per cent to SEK 1,509 M (771) and adjusted EBITA2 was SEK 1,471 M, an increase of 91 per cent. Highlights
Financial Summary
Guido Oelkers, CEO and President: "We started 2019 with a strong first quarter, with revenues of SEK 3,265 M and EBITA of SEK 1,509 M, corresponding to an EBITA margin of 46 per cent. We completed the acquisition of Synagis in late January and are in the process of integrating Synagis operations and employees into the organisation. The Haemophilia franchise continued to grow strongly, we have seen positive effects from the Gamifant launch in the US even though it is still in early launch phase, and we see an increasing demand for Synagis." Telephone conference: Financial analysts and media are invited to participate in a telephone conference, which will include a presentation of the results, today at 10:00 am CEST. The event will be hosted by Sobi's CEO and President, Guido Oelkers, and the presentation will be held in English. The presentation can be followed live, or afterwards on www.sobi.com. Slides used in the presentation will be made available on Sobi's website prior to the telephone conference. To participate in the telephone conference, please call: SE: +46 8 505 583 69 UK: +44 33 330 090 35 US: +1 646 722 49 57 Click here to go to the live webcast. After the live event the webcast will be available on-demand via the same URL. About Sobi™ At Sobi, we are transforming the lives of people affected by rare diseases. As a specialised international biopharmaceutical company, we provide sustainable access to innovative therapies in the areas of haematology, immunology and specialty care. We bring something rare to rare diseases – a belief in the strength of focus, the power of agility and the potential of the people we are dedicated to serving. The hard work and dedication of our approximately 1050 employees around the globe has been instrumental in our success across Europe, North America, the Middle East, Russia and North Africa, leading to total revenues of SEK 9.1 billion in 2018. Sobi's share (STO:SOBI) is listed on Nasdaq Stockholm. You can find more information about Sobi at www.sobi.com. For more information please contact
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View original content:http://www.prnewswire.com/news-releases/sobi-publishes-report-for-first-quarter-2019-300838099.html SOURCE Swedish Orphan Biovitrum AB |
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Copyright 2019 PR Newswire Association LLC. | Back to overview list |