Lundbeck continues solid operational performance with strong growth from strategic brands in Q3 2021
HIGHLIGHTS Revenue reached DKK 12,246 million in the first nine months of 2021, a decline of 5% in local currencies primarily due to loss of exclusivity erosion on Northera[®]. EBIT grew 29% compared to the same period in 2020 and reached DKK 2,004 million. EBIT margin reached 16.4%. EPS grew by 28% for the period, reaching DKK 6.64. In aggregate, strategic brands grew 17% in local currencies reaching DKK 6,815 million in the first nine months of the year, representing 56% of total revenue. In the third quarter of 2021, all strategic brands have continued their double-digit growth.