UCB updates its financial outlook for 2019
Brussels, Belgium 10 January 2020, 18:00 CET, regulated information – inside information – unaudited financials - UCB, a global biopharmaceutical company, today announced an updated financial outlook for 2019:
- Total revenue in 2019 are expected to reach approx. € 4.9bn – previous outlook was in the range of € 4.6 – 4.7bn.
- The underlying profitability (recurring EBITDA) is now expected at least at the upper end of the range of 27% - 29% of revenue - previous guidance was in the range of 27% – 29%.
- Also the Core EPS are now expected to be higher than € 4.80 – previous range was € 4.40 – 4.80
These changes are driven by better than expected net sales, due to strong demand for Cimzia® and Vimpat® in the fourth quarter 2019. To optimize the growth opportunity additional marketing activities were funded.
The full financial statements for 2019 will be published on 20 February 2020.
UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system. With more than 7 500 people in approximately 40 countries, UCB generated revenue of € 4.6 billion in 2018. UCB is listed on Euronext Brussels (symbol: UCB). Follow us on Twitter: @UCB_news
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