Lundbeck cuts outlook as Europe slows, investments rise

19 Dec, 2012

 

Lundbeck said on Wednesday it now saw 2014 revenue of around 14 billion Danish crowns ($2.5 billion) and operating profit in the range of 0.5-1.0 billion.

 

Two years ago, Lundbeck provided its long-term financial floor guidance in which revenue was expected to exceed 14 billion crowns per year and EBIT was expected to exceed 2 billion annually in the period 2012-14.

Copyright Reuters, 2012

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