UCB's full-year results 'confirm position of strength'
The 2014 full-year financial results from Belgian drugmaker UCB (Euronext Brussels: UCB) “confirmed the position of strength” of the company, according to new chief executive Jean-Christophe Tellier.
UCB reported revenue of 3.34 billion euros ($3.74 billion), an increase of 8% at constant currencies on 2013. Net sales stood at 2.94 billion euros, up 6% on last year’s figures. The revenue was in line with the average of estimates in Thomson Reuters StarMine, but fell below expectations for profit, and UCB’s shares fell 3.2% to 67.40 euros.
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