Recordati rises on publication of confident three-year plan

9 February 2017

Italian drugmaker Recordati (RECI: MI) has not only announced an increase in revenue for 2016 of more than 10%, but has also predicted that it will rise by a further 26% by 2019.

The Recordati family owns a 51% stake in the company but has a presence on the Italian stock exchange, and investors seemed to like what they saw of the preliminary annual results as its share price rose by 3.5% to 27.95 euros on Thursday after the annual results and a three-year business plan were published.

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