Recipharm doubles EBIT and expects second quarter results to be stronger than analyst consensus
Net sales in the second quarter increased 65 per cent compared to the second quarter 2019, to SEK 3,081 million. Adjusted for currency and acquisitions organic growth was 12 per cent. EBITDA[1] for the quarter increased 70 per cent to SEK 600 million corresponding to an EBITDA margin[1] of 19 per cent. EBITA[1] increased 83 per cent to SEK 423 million corresponding to a margin of 14 per cent. The organic increase in EBITA[1] was 34 per cent. EBIT increased 99 per cent to SEK 340 million. “During the quarter we managed to successfully mitigate operational challenges from lockdowns and