Chemical Works of Gedeon Richter PLC (BUD:RICHTER)

Ft 9650 0 (0%) Market Cap: 1.76 Til Enterprise Value: 1.70 Til PE Ratio: 6.06 PB Ratio: 1.56 GF Score: 77/100

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Transcript

Operator

Good day and welcome to the Richter Announcement conference call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Gabor Orban, CEO. Please go ahead, sir.

Gabor Orban

Gedeon Richter - CEO

Thank you very much, and good morning, everyone. Thank you for joining us this morning. As usual, I'd like to begin by making a few introductory comments on this quarter's earnings report and then discuss the dynamics on the revenue side, on the cost side, the margins and the financial results, and then allow some time for you to ask questions.

I'd like to begin by sharing with you that the group's revenue increased on the year by close to EUR17 million up to EUR383 million, of which EUR307 million came from the pharma segment.

The EUR17 million change [mass] relatively or maybe even usually high number of -- large number of factors that affected this revenues. The most important being the increase in Vraylar royalty, which amounted to EUR12 million and the extra $25 million sales milestone that

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