Report
Karen Andersen
EUR 100.00 For Business Accounts Only

Slightly Raising Our Sobi FVE Following Strong 2017 Results, but Shares Remain Fully Valued

Swedish Orphan Biovitrum, or Sobi, reported top- and bottom-line results for 2017 that were slightly ahead of our expectations, with 25% revenue growth (45% after adjusting for one-time credits in 2016) and 33% EBITA growth over 2016. Hemophilia grew 67% to more than SEK 3 billion, heavily driven by Elocta’s sales in France, Germany, Italy, and the U.K. We’re slightly tempering our bullish expectations for 2018, but our forecast remains well above management’s conservative guidance. However, we’...
Underlying
Swedish Orphan Biovitrum AB

Swedish Orphan Biovitrum AB is a healthcare company focused on rare diseases. Co. develops, manufactures and commercializes treatments with a particular focus on four therapeutic areas: Inflammation, Genetics & Metabolism, Haemophilia and Neonatology. Co. also markets a portfolio of rare disease products for partner companies. Co.'s pipeline programmes include research and development focused on recombinant protein drugs in late preclinical and clinical phase for indications.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Karen Andersen

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch