Lundbeck posts a 24% increase in turnover for 2002  

2003.03.12
Danish pharmaceutical company Lundbeck's 2002 turnover was DKK 9.488 billion, 24% up on the 2001 performance

Danish pharmaceutical company Lundbeck has published its annual accounts for 2002 showing a turnover of DKK 9.488 billion (USD 1.4 billion), a 24% increase compared with DKK 7.656 billion (USD 1.1 billion) in 2001. Pre-tax profit was DKK 2.075 billion (USD 307 million) which is 9% higher than last year, and the result after tax was DKK 1.269 billion (USD 187 million), 3% lower compared with 2001. According to the MD of Lundbeck, Erik Sprunk-Jansen, last year’s turnover was the largest in Lundbeck’s entire history despite the company having to face extremely tough competition.

 

There has been a small shift in the turnover of Lundbeck’s antidepressants from Cipramil (Celexa in US) to Cipralex (Lexapro in US). In 2002 Cipramil accounted for 54% of the turnover, compared with 59% in 2001. For Cipralex there was a small increase in its share of the turnover from 22% in 2001 to 25% in 2002. Lundbeck expects total turnover for 2003 to increase by 10% and operating profit to increase by 12%. The news is published on biotechdenmark.dk

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