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MOB — Moberg Pharma AB (publ) News Story

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Sweden's Moberg Pharma Q2 loss narrows as revenue rises

Sweden's Moberg Pharma Q2 loss narrows as revenue rises


Overview

  • Sweden specialty pharma firm's Q2 revenue rose yr/yr, and operating loss narrowed

  • Company expanded licensing deal with Karo Healthcare to APAC and China

  • First European trademark approvals enable launch preparations to proceed as planned


Outlook

  • Moberg Pharma plans first European deliveries of MOB-015 around year-end

  • Company expects first patients in Israel to access MOB-015 during Q3

  • Moberg Pharma to launch MOB-015 in China via cross-border e-commerce in parallel with Europe


Result Drivers

  • INTERNATIONAL EXPANSION - Co cited expanded licensing agreements with Karo Healthcare in APAC and China as key to broadening its market reach

  • TRADEMARK APPROVALS - Approvals in first European countries enabled launch preparations and commercial activities to proceed as planned

  • NORDIC MARKET PERFORMANCE - Terclara maintained leading value and unit shares in Sweden and Norway, supporting revenue growth


Company press release: ID:nWkr1fdz9C


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

SEK 5.8 mln

Q2 Loss Per Share

SEK 0.07

Q2 Net Loss

SEK 3.30 mln

Q2 EBIT

-SEK 4.70 mln

Q2 EBITDA

-SEK 4.30 mln


Analyst Coverage

  • Wall Street's median 12-month price target for Moberg Pharma AB (publ) is SEK14.00, about 22.8% above its August 12 closing price of SEK11.40


Reuters Recommended Reads

  • Aug 12 - Sweden's Magle Chemoswed Q2 revenue rises on improved production efficiencies

  • Aug 13 - Denmark's Zealand Pharma H1 revenue, profit fall sharply

  • Aug 12 - Israel's Kamada Q2 revenue beats estimates on KEDRAB growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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