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)
- Total revenue of SEK 2,930 M
(2,315), 27 per cent revenue growth in the quarter compared with Q3
2018 (22 per cent at constant exchange rates (CER))
- EBITA(1) was SEK 1,099 M
(933), an increase of 18 per cent
- Earnings per share (EPS) of SEK
1.84 (2.31)
- Net debt(1) of SEK 7,606 M at
30 September 2019 (net cash of
SEK 2,999 M at 31 Dec 2018)
- Sales for Elocta® were SEK 1,156
M (873) and sales for Alprolix® were SEK 341 M (255)
- Sales for Gamifant® amounted to SEK 67
M, Synagis® sales were SEK 124
M and Kineret® sales amounted to SEK
409 M
- Announcement of the intention to acquire Dova
PharmaceuticalsTM* expanding scope of Haemophilia franchise into
the broader area of haematology
- Entered an expanded agreement with Sanofi to exercise early
opt-in for the development and commercialisation of BIVV001, a
potential once-weekly dosing for people with haemophilia A, and a
follow-on product to Elocta
- Completion of acquisition of emapalumab and related assets
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
https://news.cision.com/swedish-orphan-biovitrum-ab/r/sobi-publishes-report-for-third-quarter-2019,c2950231
The following files are available for download:
https://mb.cision.com/Main/14266/2950231/1133161.pdf Q3
report 2019
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SOURCE Swedish Orphan Biovitrum AB