OSAKA, Japan--(BUSINESS WIRE)--Takeda Pharmaceutical Company Limited (TOKYO: 4502):
Strong Q3 year-to-date (YTD) results propelled by Growth Drivers
Underlying Revenue grew +7.4%, with Takeda’s Growth Drivers (GI, Oncology, CNS and Emerging Markets) delivering growth of +15.5%, and Underlying Revenue growth across all regions (U.S. +14.4%, Japan +5.0%, Europe & Canada +4.6%, Emerging Markets +4.9%).
Reported revenue declined -5.6%, due to unfavorable currencies (-8.4pp) and the impact of divestitures (-4.5pp).
Underlying Core Earnings grew +23.5%, with the Core Earnings margin increasing by 2.1pp. Despite unfavorable currencies and the negative impact of divestitures, reported operating profit was up +29.8%, benefiting from strong underlying growth and a one-time gain on the Teva JV transaction that was booked in Q1 FY2016.
Underlying Core EPS was up +31.7%, reflecting strong Core Earnings growth and a lower tax rate due to timing. Reported EPS was 212 yen, an increase of +46.3% from 145 yen in the prior year.
Adjusted Operating Free Cash Flow was up +9.3% to 120.0 billion yen.
