Reuters logo
UCB guides for 2014 growth below market expectations
February 26, 2014 / 6:21 AM / 4 years ago

UCB guides for 2014 growth below market expectations

BRUSSELS, Feb 26 (Reuters) - Belgian pharmaceutical company UCB on Wednesday said that core profit should rise by as much as 12 percent in 2014, a figure which remained below market expectations.

UCB, which makes epilepsy drugs and treatment for rheumatoid arthritis, said it expected 2014 core profit to be between 740 and 770 million euros ($1.02 - $1.06 bln), below the 808 million forecast by a Reuters poll of 10 analysts.

In 2013, core profit rose 9 percent to 689 million euros ($946.23 million), just below the 693 million expected in a Reuters poll of 12 analysts.

The result was within the range of its recurring core profit guidance of between 680 to 710 million euros.

The group proposed a dividend of 1.04 euros per share, a slight increase from the 1.02 euros paid out last year. ($1 = 0.7282 euros) (Reporting by Robert-Jan Bartunek; editing by Foo Yun Chee)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below