Report
Martial Descoutures

INVEST SECURITIES - UCB : Un joli rattrapage au T2 - ACHAT ; OC 73€

La société publie ce matin ses résultats semestriels qui se révèlent très nettement supérieurs aux attentes. 3 points sont à soulignés: i) une forte accélération des ventes de Cimzia, Vimpat et Keppra au T2, ii) une bonne maitrise des coûts (ratio des charges qui passe de 47% des ventes à 46%) et iii) un faible taux d'imposition sur la période (phasage des dépenses de R&D et une manne tardive de la réforme fiscale américaine). UCB confirme ainsi sa guidance pour cette année c'est-à-dire des revenus compris entre 4,5 et 4,6Mds€ (4,528Mds€ att. ; 4,51Mds€ selon IS), un EBITDA entre 1,3 et 1,4Md€ (1,329Md€ att; 1,31Md€ IS) et un Core EPS entre 4,30 et 4,70€ (4,56€ att; 4,62€ IS). ACHAT maintenu.
Underlying
UCB S.A.

UCB is a global biopharmaceutical company focused on severe diseases in two therapeutic areas, namely central nervous system disorders and immunology. In the area of central nervous system disorders, Co. is focused on advanced Parkinson's disease, epilepsy, restless legs syndrome and epilepsy. In the area of immunology disorders, Co. is focused on rheumatoid arthritis, axial spondyloarthritis, psoriatic arthritis, systemic lupus erythematosus, juvenile idiopathic arthritis, post-menopausal osteoporosis, systemic lupus erythematosus and immunological diseases.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

Analysts
Martial Descoutures

Other Reports on these Companies
Other Reports from Invest Securities
Claire Meilland ... (+2)
  • Claire Meilland
  • Maxime Dubreil
Bruno Duclos ... (+3)
  • Bruno Duclos
  • Eva Olejniczak
  • Stéphane Afonso
Bruno Duclos ... (+3)
  • Bruno Duclos
  • Eva Olejniczak
  • Stéphane Afonso

ResearchPool Subscriptions

Get the most out of your insights

Get in touch