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UCB - Ucb SA News Story

€80.94 -0.1  -0.1%

Last Trade - 09/04/21

Large Cap
Market Cap £13.28bn
Enterprise Value £14.23bn
Revenue £4.64bn
Position in Universe 58th / 848

BUZZ-UCB: Jumps after 'reassuring' outlook

Thu 25th February, 2021 8:49am
** Shares in UCB  UCB.BR  jump 7% and top Belgium's
blue-chip BEL20 index  .BFX  after the biopharmaceutical company
posts "reassuring" 2021 and 2025 guidance 
    ** The group said it expects its 2021 revenue to reach
between 5.45 and 5.65 billion euros, with an adjusted EBITDA
representing 27-28% of revenue  urn:newsml:reuters.com:*:nASN000VKR
    ** For 2025, UCB expects the revenue of at least 6 billion
euros and sees adjusted EBITDA margin in low to mid-thirties
    ** "Overall, we see the 2021 outlook and provision of 2025
guidance reassuring the market, and hence would expect the
shares outperform by 2-3% today," JP Morgan says
    ** Jefferies says 2020 results are broadly in-line but EPS
beat and new outlooks suggest EPS upgrades
    ** "New 2025 aims are bullish," says the broker
    ** KBC Securities echoes these comments, adding that "short
and mid-term guidance show confidence"

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