Actelion released H1 15 resuts that show sales up +2% to CHF1,011m (+4% at CER), operating income down 1% to CHF344m (+4% at CER) and net income down 32% to CHF287m (-28% at CER). Note last year’s H1 net earnings benefited from a significant tax benefit from the Asahi litigation which explains the apparent fall in net results in H1 15. However, the group indicated it is upgrading its guidance for the full year, now expecting core earnings to grow in the mid to high teen percentage range
