- (PLX AI) - ALK-Abello raises full-year outlook after third-quarter earnings were much better than expected.
- • EBITDA rose 114% largely on the strong sales growth and improved gross margin, while R&D and sales and marketing costs increased as planned, the company said
- • Revenue for the year is now expected to grow 11-12% in local currencies (previously: 10-12)
- • EBITDA is now expected to increase to DKK 500-550 million (previously: 450-500) with a gross margin improvement over last year of ~2 p.p. (previously: 1-2 p.p.)
- • ALK still expects an unchanged increase in R&D expenses and a gradual normalisation of sales and marketing activities compared to last year, which was affected by COVID
- • Free cash flow is now expected to be positive at ~DKK 200 million (previously: ~minus 100) mainly reflecting the revised earnings outlook and timing of repayment of accrued rebates
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