UCB reports solid 1st-half performance

31 July 2014

Belgian drugmaker UCB (Euronext Brussels: UCB) posted first-half 2014 revenue of 1.76 billion euros ($2.36 billion), plus 6%, or plus 10% at constant currencies.

Underlying profitability grew 29% to 391 million euros (well above the average 361 million euros expected in a Reuters poll of six analysts), despite headwind from foreign exchange rates reflecting higher net sales partnered with lower operating expenses – while R&D expenses remained stable. Net profit went up 66% to 113 million. Core earnings per share reached 1.22 euros.

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