ALK B ALK-abello A/S Class B

ALK upgrades its full-year financial outlook

ALK upgrades its full-year financial outlook

ALK (ALKB:DC / OMX: ALK B / AKABY / AKBLF) today announced that the company is upgrading its full-year financial outlook especially with regards to increasing earnings to reflect an improved sales forecast, as well as cost savings and a minor adjustment to the anticipated timing of clinical development activities. As a result:

  • Revenue is now expected to grow 10-12% in local currencies (previously: 9-12), to reflect an improved sales forecast. Tablet sales growth is now expected at 25% or slightly above (previously: approximately 25%) and this is supported by an improved sales outlook for the combined SCIT/SLIT-drops sales.
  • EBITDA is now increased to DKK 450-500 million (previously: 375-425), benefiting from the improved sales outlook, cost savings and timing of clinical development activities. ALK still expects an increased gross margin, a significant increase in R&D expenses although slightly lower than previously assumed and a gradual normalisation of sales and marketing activities compared to last year which was affected by COVID.
  • Free cash flow is now expected at ~DKK minus 100 million (previously: ~minus 200) mainly reflecting the revised earnings outlook.



Preliminary Q2 performance showed revenue growth of 13% in local currencies and better than expected operating profit (EBITDA) of DKK 48 million (DKK 75 million in 2020). This reflected an improved gross margin but also a planned DKK 69 million increase in R&D spend. As a result, revenue growth for the first six months was up 11% and EBITDA was DKK 274 million (DKK 273 million in 2020).

ALK will publish its Q2 performance in connection with the six-month interim report on 11 August 2021.

ALK-Abelló A/S

For further information please contact:

Investor Relations: Per Plotnikof, tel. , mobile

Media: Jeppe Ilkjær, mobile

This information is information that ALK-Abelló A/S is obliged to make public pursuant to the EU Market Abuse Regulation.

About ALK

ALK is a global specialty pharmaceutical company focused on allergy and allergic asthma. It markets allergy immunotherapy treatments and other products and services for people with allergy and allergy doctors. Headquartered in Hørsholm, Denmark, ALK employs around 2,500 people worldwide and is listed on Nasdaq Copenhagen. Find more information at .

Attachment



EN
09/08/2021

Underlying

ALK BALK-abello A/S Class B

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ALK-abello A/S Class B

Jesper Ingildsen
  • Jesper Ingildsen
Free Trial
ALK B ALK-abello A/S ...

ALK-Abello (Buy, TP: DKK190.00) - Expecting solid start to the year

We expect a solid Q1 report, with likely c11% organic growth as well as good margin progress supporting the 2025 guidance. Based on its footprint, we see minimal effect in case of tariffs on pharmaceuticals, with the biggest risk coming from potential reciprocal ones from Europe. We reiterate our BUY and DKK190 target price.

ALK B ALK-ABELLO A/S CLASS B
04/25/25 April 25, 2025 1 EN
Free Trial
ALK B ALK-abello A/S ...

Alk-Abello A S: 1 director

A director at Alk-Abello A S bought 1,606 shares at 155.680DKK and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...

ALK B ALK-ABELLO A/S CLASS B
02/24/25 February 24, 2025 1 EN
Jesper Ingildsen
  • Jesper Ingildsen
Free Trial
ALK B ALK-abello A/S ...

ALK-Abello (Buy, TP: DKK190.00) - Sales trump one-offs in Q4

While one-off costs took the initial focus (albeit broadly pre-warned), a solid underlying performance in Q4 was anchored in the important European tablet sales, which exceeded expectations. We find the 2025 guidance in line with expectations, but see upside risk to consensus on the top line given strong momentum in tablet sales in Europe. We reiterate our BUY and DKK190 target price.

ALK B ALK-ABELLO A/S CLASS B
02/19/25 February 19, 2025 1 EN
Jesper Ingildsen
  • Jesper Ingildsen
Free Trial
ALK B ALK-abello A/S ...

ALK-Abello (Buy, TP: DKK190.00) - Expecting strong year end

We expect a strong Q4, with c12% organic revenue growth YOY, but the EBIT margin to be under pressure from well flagged one-offs related to optimisation initiatives and revision of its Chinese plans. We expect the 2025 guidance to be in line with expectations and its long-term strategy announced last year for >10% organic revenue growth and a c25% EBIT margin. We reiterate our BUY and DKK190 target price.

ALK B ALK-ABELLO A/S CLASS B
02/13/25 February 13, 2025 1 EN
Jesper Ingildsen
  • Jesper Ingildsen
Free Trial
ALK B ALK-abello A/S ...

ALK-Abello (Buy, TP: DKK190.00) - Solid momentum reaffirmed

We find ALK’s solid momentum reaffirmed with the strong Q3 results, where higher European tablet sales more than offset the softness in SCIT/SLIT-drops. We believe the results also confirmed continued profitability improvement, leaving ALK on track to meet its 2025 EBIT margin target of c25% and in a position of strength to invest in growth opportunities, with the Neffy deal as a good example. We reiterate our BUY and DKK190 target price.

ALK B ALK-ABELLO A/S CLASS B
11/14/24 November 14, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch