Brief: Richter Says Q4 Rev HUF 223,968 M VS HUF 176,274 M

Richter Gedeon Vegyeszeti Gyar Nyrt

27/02/2023 23:42

Feb 27 (Reuters) - Richter Gedeon Vegyeszeti Gyar Nyrt
 GDRB.BU :
    * FY SALES  802,755 HUFM VERSUS 630,595 HUFM
    * DUE TO UKRAINIAN LEGISLATION,  SUSPENSION OF 35 PRODUCTS
WAS
INITIATED IN EARLY OCT; RICHTER PLANS TO APPEAL AGAINST THE
DECISION
    * FY GROSS PROFIT HUFM 460,464 VERSUS HUFM 349,273
    * FY EBITDA HUF 196,480M VERSUS  HUF 176,123M
    * FY OPERATING MARGIN 19.1% VERSUS 21.5%
    * FY SALES TO RUSSIA AT HUF 129,066M (RUB 22,407.3M)
INCREASED BY
51.7% IN HUF TERMS (8.0% IN RUB TERMS).
    * FY SALES TO THE USA, OUR LEADING MARKET IN TERMS OF
REVENUE,
INCREASED BY HUF 39,157M (31.8%) OR USD 26.8M (6.6%)
    * SALES REPORTED IN UKRAINE IN 2022, AT EUR 26.5M DECLINED
BY
34.2%
    * EXTRAORDINARY FX ENVIRONMENT WHICH PREVAILED DURING MOST
OF
REPORTED PERIOD ,OUR BUSINESS HAS BEEN SIGNIFICANTLY IMPACTED BY
EXCHANGE RATE GAINS
    * Q4 REVENUES HUF 223,968 M VERSUS HUF 176,274 M
    * QTRLY GROSS PROFIT HUF 123,760M VERSUS HUF 97,114M

Further company coverage:  GDRB.BU 

 ((Reuters.Briefs@thomsonreuters.com;;))