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H Lundbeck A/S Maintains FY 2013 EBIT Guidance and Raises FY 2013 Revenue Guidance

Monday, 30 Sep 2013 05:00am EDT 

H Lundbeck A/S announced that the Company maintains its fiscal year 2013 EBIT guidance of between DKK 1.3 billion and DKK 1.7 billion. In terms of revenue, the Company now includes the Fit-for-the-Future program provision of approximately DKK 200 million in its guidance and expects the result to be of between DKK 14.8 billion and DKK 15.2 billion for the fiscal year 2013. Previously the Company forecasted revenue of DKK 14.6-15.0 billion for the fiscal year 2013. According to I/B/E/S Estimates analysts on average are expecting the Company to report revenue of DKK 15,218.33 million for the fiscal year 2013. Lundbeck’s Fit-for-the-Future program was announced on June 20, 2013 with the aim to reduce complexity and increase organizational efficiency, among others. 

Company Quote

1.65 +1.33%
9:23am EDT