ALK Upgrades Full-Year Revenue and Earnings Outlook
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ALK Upgrades Its Full-Year Revenue and Earnings Outlook
ALK (ALKB:DC / OMX: ALK B / AKBLF) has announced an upgrade to its full-year financial outlook. This decision reflects the company’s current performance and anticipated outcomes for the remainder of the financial year.
Revenue Growth Expectations
According to the latest projections, revenue is now expected to grow by 14-16% in local currencies, an increase from the previous estimate of 12-15%. This positive outlook is attributed to the strong sales performance of tablets and both injection- and drop-based allergy immunotherapy products (SCIT/SLIT-drops) throughout Europe.
Factors Influencing Sales Growth
The notable sales growth in 2024 is influenced by various extraordinary factors. A significant increase in the number of new patients starting treatment over the past year has played a crucial role. In addition to this, improved pricing structures and rebate adjustments have contributed positively to sales figures, along with competitive dynamics in key markets.
Earnings Outlook Upgrade
ALK’s upgrade in full-year earnings is primarily a result of the anticipated higher sales growth. It should be noted that the earnings outlook continues to factor in one-off costs of approximately DKK 60 million associated with previously communicated optimization efforts.
Upcoming Financial Reporting
The Q2 report, originally scheduled for publication, will now be released later today. The schedule for the previously announced presentation for investors and analysts remains unchanged, taking place as planned.
Company Overview
ALK-Abelló A/S is a leading global specialty pharmaceutical company with a specific focus on allergies and allergic asthma. The company markets a variety of allergy immunotherapy treatments and other products tailored for patients dealing with allergies, as well as services aimed at allergy professionals.
Company Workforce and Market Position
Headquartered in Hørsholm, Denmark, ALK employs approximately 2,900 individuals across the globe. The company is publicly listed on Nasdaq Copenhagen, enhancing its visibility and operational capacity within the pharmaceutical industry.
Contact Information
For further inquiries or information regarding ALK, please reach out to the following individuals:
Investor Relations: Per Plotnikof, tel. +45 4574 7527, mobile +45 2261 2525
Media: Maiken Riise Andersen, tel. +45 5054 1434
Frequently Asked Questions
What prompted ALK to upgrade its revenue outlook?
The upgrade was mainly due to strong sales of allergy immunotherapy products and a high number of new patients beginning treatment.
How much is ALK expecting its revenue to grow?
ALK is anticipating revenue growth of 14-16% in local currencies, an adjustment from the earlier estimate of 12-15%.
What are the expected earnings for the financial year?
The earnings outlook remains optimistic, contingent on expected sales growth, while accounting for one-off costs related to optimization efforts.
When will ALK's Q2 report be published?
The Q2 report will be released later today, rather than on the previously scheduled date.
Who should be contacted for investor relations at ALK?
For investor relations, Per Plotnikof can be contacted at +45 4574 7527 or +45 2261 2525.
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