The Danish Business Authority (“Erhvervsstyrelsen”) requires Lundbeck to conduct a new impairment test for 2017 leading to a reversal of an impairment loss on Rexulti (brexpiprazole)
· Lundbeck’s FY 2020 financial guidance for revenue, EBITDA and Core EBIT is maintained · The reversal of the impairment loss is expected to increase the annual amortizations and thereby reduce the company’s FY 2020 financial guidance for reported EBIT from previously DKK 2.0 – 2.2 billion to approximately DKK 1.7 – 1.9 billion · The adjustment does not generate any cash effect to Lundbeck · Lundbeck has not changed its expectations to Rexulti[® ]since 2015, although changes in timing and amounts of cash flows have occurred throughout the years · Lundbeck accepts the decision