Nycomed posts 8.7% sales rise in 3rd-qtr 2010 results, making strong inroads into emerging markets

10 November 2010

Independent Swiss drugmaker Nycomed has posted financial results for the third quarter of 2010, showing that turnover had reached 814.6 million euros ($1.14 billion), an increase of 8.7% (plus 1.5% in local currencies), excluding a one-time payment in the like 2009 period.

Adjusted EBITDA increased 1.2% (-9.8% in local currencies) excluding a one-time payment in Q3/2009. In euro, adjusted EBITDA was down by 23.9% to €217.1 million euros.

Nycomed says its strategy of focusing on emerging markets and specialty products is paying off. The third quarter results shows that the sales of key products and in emerging markets are continuing to help offset the impact from the loss of exclusivity of pantoprazole.

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