UCB dips despite posting strong first six months financials

28 July 2022
ucb_sign_large

Belgium’s largest pharma company UCB (Euronext: UCB) this morning posted financial results for the first half of 2022, which it described as “strong,” but investors were not convinced, sending the firm’s shares more than 4% lower to 77.92 euros.

Revenue increased to 2.93 billion euros ($2.97), +5%; +3% constant exchange rates (CER), net sales were 2.70 billion (+2%; 0% CER) – impacted by generic erosion on two leading brands.

Underlying profitability (adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was 814 million euros (-3%; -2% CER), 28% of revenue – impacted by the inclusion since March of Zogenix, which UCB acquired for $1.9 billion. Core earnings per share were down 7% at 3.15 euros.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Company News Directory



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical