Brief: ALK-Abello Narrows FY Revenue Outlook

Alk-Abello A/S

24/08/2023 06:39

Aug 24 (Reuters) - ALK-Abello A/S  ALKb.CO :
    * SIX-MONTH INTERIM REPORT (Q2) 2023
    * REVENUE GREW BY 11% IN Q2 2023, DRIVEN BY 17% GROWTH IN
TABLET
SALES AND DOUBLE-DIGIT GROWTH IN COMBINED SCIT/SLIT-DROPS SALES
    * OPERATING PROFIT (EBIT) INCREASED BY 120% IN LOCAL
CURRENCIES ON
SALES GROWTH AND GROSS MARGIN IMPROVEMENTS
    * FULL-YEAR REVENUE OUTLOOK NARROWED TO MAINLY REFLECT
YEAR-TO-DATE PROGRESS AND INTERMITTENT SUPPLY SHORTAGES
AFFECTING JEXT
    * REVENUE IS NOW EXPECTED TO GROW BY 8-10% ORGANICALLY IN
LOCAL
CURRENCIES (PREVIOUSLY: 7-11%)
    * EARNINGS MARGIN (EBIT MARGIN) IS STILL EXPECTED TO
INCREASE FROM
10% IN 2022 TO 13-15%
    * TABLETS SALES AND SCIT/SLIT-DROPS SALES ARE STILL EXPECTED
TO
GROW BY DOUBLE DIGITS RESPECTIVELY IN SECOND HALF OF YEAR

Source text for Eikon:  ID:nGNE2SscXJ 
Further company coverage:  ALKb.CO 

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