A strong trading performance sees the company expecting to report 2015 revenues of £43.2m vs PGe £42.9m (2014: £42.0m), up 3% in spite of Euro weakness, reflecting underlying revenue growth of 11% (£46.6m constant currency). Outperformance against flat market growth is translating to market share gains of c.1% p.a. and, alongside M&A (most recently with Alerpharma S.A.) and the funded US pipeline programme (Pollinex Quattro), we consider there are strong long-term

23 Jul 2015
Panmure Morning Note 23-07-15

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Panmure Morning Note 23-07-15
Allergy Therapeutics plc (AGY:LON) | 8.0 0 0.0% | Mkt Cap: 381.3m
- Published:
23 Jul 2015 -
Author:
Dr Mike Mitchell -
Pages:
3 -
A strong trading performance sees the company expecting to report 2015 revenues of £43.2m vs PGe £42.9m (2014: £42.0m), up 3% in spite of Euro weakness, reflecting underlying revenue growth of 11% (£46.6m constant currency). Outperformance against flat market growth is translating to market share gains of c.1% p.a. and, alongside M&A (most recently with Alerpharma S.A.) and the funded US pipeline programme (Pollinex Quattro), we consider there are strong long-term