H. Lundbeck A/S
Aug 19, 2015

Major restructuring initiative announced and 2015 guidance revised

Attachment

Valby, Denmark, 2015-08-19 07:46 CEST (GLOBE NEWSWIRE) -- HIGHLIGHTS

 

In connection with the financial report, Lundbeck's President and CEO, Kåre Schultz said:

"I am pleased with the sales growth of our new products but I am not satisfied with our profitability. Together with my leadership team, I believe the restructuring programme announced today is necessary and will make Lundbeck drive sustainable value creation for all our stakeholders. We are aware that these decisions will affect many employees and we will strive to support our people as we implement these changes."

   

DKK million H1 2015 H1 2014    Growth
Core Revenue# 7,192 7,035 2%
Core EBIT# 351 1,168 (70%)
Core EPS# 0.64 3.55 (82%)
Core EBIT margin 5% 17% -
Reported Revenue 7,192 7,035 2%
Reported EBIT (4,865) 843 -
Reported EPS (20.30) 2.42 -
Reported EBIT margin (68%) 12% -

#) For definition of the measures "Core Revenue", "Core EBIT" and "Core EPS", see page 15, and reconciliation to reported figures, see page 22