Galenica Group released FY16 results broadly in line with market consensus. The reported revenue increased by 8.6% (vs FY15: +11% yoy), largely driven by strong growth momentum in the Vifor Pharma business (+24.8% vs FY15: +36.9%; c.27% of FY16 sales). Within Vifor, the primary growth contributor was Ferinject/Injectafer (+39.3% vs FY15: +33.2%; c.30% of segment sales), led by the robust development in the US and Europe. Sales for Mircera reached CHF328.6m (vs CHF206.8m for seven months in FY
07 Apr 2017
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Vision of two separate listed companies now a reality
Galenica AG (0ROG:LON) | 0 0 0.0% | Mkt Cap: 2,446m
- Published:
07 Apr 2017 -
Author:
Nishant Choudhary -
Pages:
3
Galenica Group released FY16 results broadly in line with market consensus. The reported revenue increased by 8.6% (vs FY15: +11% yoy), largely driven by strong growth momentum in the Vifor Pharma business (+24.8% vs FY15: +36.9%; c.27% of FY16 sales). Within Vifor, the primary growth contributor was Ferinject/Injectafer (+39.3% vs FY15: +33.2%; c.30% of segment sales), led by the robust development in the US and Europe. Sales for Mircera reached CHF328.6m (vs CHF206.8m for seven months in FY