Thursday, October 31, 2019
STOCKHOLM, Oct. 31, 2019 /PRNewswire/ -- Swedish Orphan Biovitrum AB (publ) (Sobi™) today announces its results for the third quarter 2019. Revenue growth in the quarter was 27 per cent with revenue of SEK 2,930 M (2,315). EBITA was SEK 1,099 M, resulting in an EBITA margin of 38 per cent.
Highlights (July – September)
Financial Summary
Q3 | Q3 | Jan-Sep | Jan-Sep | Full-year | ||||
Amounts in SEK M | 2019 | 2018 | Change | 2019 | 2018 | Change | 2018 | |
Total revenue | 2,930 | 2,315 | 27% | 9,358 | 6,568 | 42% | 9,139 | |
Gross profit | 2,173 | 1,741 | 25% | 7,080 | 4,830 | 47% | 6,723 | |
Gross margin(1) | 74% | 75% | 76% | 74% | 74% | |||
EBITA1 | 1,099 | 933 | 18% | 3,645 | 2,655 | 37% | 3,571 | |
EBITA adjusted(1,2) | 1,099 | 933 | 18% | 3,764 | 2,655 | 42% | 3,571 | |
EBITA margin(1) | 38% | 40% | 39% | 40% | 39% | |||
EBITA margin adjusted(1,2) | 38% | 40% | 40% | 40% | 39% | |||
EBIT (operating profit) | 754 | 820 | -8% | 2,659 | 2,320 | 15% | 3,122 | |
Profit for the period | 542 | 623 | -13% | 1,944 | 1,823 | 7% | 2,418 | |
Earnings per share, SEK | 1.84 | 2.31 | -20% | 6.66 | 6.77 | -2% | 8.97 | |
Earnings per share, SEK adjusted(1,2,3) | 1.84 | 2.31 | -20% | 6.98 | 6.77 | 3% | 8.97 | |
(1)Alternative Performance Measures (APMs). | ||||||||
(2)EBITA for the nine months of 2019 excluding non-recurring items | ||||||||
(3)EPS for the nine months of 2019 excluding impairment of intangible assets of SEK 18 M related to restructuring in Q2 2019. | ||||||||
Guido Oelkers, CEO and President:
"Our growth journey continued in the third quarter, strengthening our Haematology franchise with the announcements of the intention to acquire Dova Pharmaceuticals1and our decision to opt in early to the development of BIVV001. Revenue growth in the quarter was 27 per cent with revenue of SEK 2,930 M (2,315). EBITA was SEK 1,099 M, resulting in an EBITA margin of 38 per cent."
Telephone conference:
Financial analysts and media are invited to participate in a telephone conference, which will include a presentation of the Q3 results, today at 10:00 am CET. 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: +46-8-505-583-55
UK: +44-333-300-92-66
US: +1-646-722-49-02
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™
Sobi is a specialised international biopharmaceutical company transforming the lives of people with rare diseases. Sobi is providing sustainable access to innovative therapies in the areas of haematology, immunology and specialty indications. Today, Sobi employs approximately 1,300 people across Europe, North America, the Middle East, Russia and North Africa. In 2018, Sobi's revenues amounted to SEK 9.1 billion. Sobi's share (STO:SOBI) is listed on Nasdaq Stockholm. You can find more information about Sobi at sobi.com.
For more information please contact
Paula Treutiger,
Head of Communication & Investor Relations
+46-733-666-599
paula.treutiger@sobi.com
Linda Holmström
Corporate Communication & Investor Relations
+46-708-734-095
linda.holmstrom@sobi.com
(*)Offer of Dova Pharmaceuticals conditional upon the tender of a majority of the outstanding shares of Dova's common stock, as well as customary conditions.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/14266/2950231/1133161.pdf Q3 report 2019
View original content:http://www.prnewswire.com/news-releases/sobi-publishes-report-for-third-quarter-2019-300948925.html
SOURCE Swedish Orphan Biovitrum AB
