New Products Up 48%, Lundbeck Inc. (LUN.CO) Raises Expectations for 2013
8/7/2013 9:23:56 AM
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Valby, Denmark, 7 August 2013 - H. Lundbeck A/S (Lundbeck) reports first half revenue of DKK 8,112 million corresponding to an increase of 11% compared to the same period last year. Revenue grew by 12%, after adjustment for Lexapro and gains from divestiture. Profit from operations (EBIT) for the first half was DKK 1,191 million excluding one-offs, corresponding to an EBIT margin of 16%. Reported EBIT grew 33% to DKK 1,020 million.
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