On softer comps, Faes witnessed some recovery in the base business in Q2 21. While resurfacing COVID-19 concerns and Bilastine’s recent patent loss in Spain does signal a tricky period ahead, one should find confidence in Bilastine’s improving licensing income outlook and strong showing by other franchisees. Also, the strong growth in the strategic LatAm region is encouraging. Interestingly, the group’s robust balance sheet should help pass this phase with minimal negative implications for ongoi ....
28 Jul 2021
Base business recovers in Q2; FY21 outlook reiterated despite resurfacing COVID-19 concerns
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Base business recovers in Q2; FY21 outlook reiterated despite resurfacing COVID-19 concerns
- Published:
28 Jul 2021 -
Author:
Amandeep Goyal -
Pages:
3
On softer comps, Faes witnessed some recovery in the base business in Q2 21. While resurfacing COVID-19 concerns and Bilastine’s recent patent loss in Spain does signal a tricky period ahead, one should find confidence in Bilastine’s improving licensing income outlook and strong showing by other franchisees. Also, the strong growth in the strategic LatAm region is encouraging. Interestingly, the group’s robust balance sheet should help pass this phase with minimal negative implications for ongoi ....