Friday, November 8, 2013

Merck & Co., Inc. : ALK-Abello Cuts Fiscal Year Guidance On Deferred Milestone Payment




The deferral of Merck's (Merck & Co., Inc.) milestone payment for its allergy immunotherapy tablet into 2014 from 2013 is largely offset by a stronger than expected improvement in ALK's underlying profitability. Hence, revenue is now expected at DKK2.2 billion-DKK2.25 billion (previously: over DKK2.3 billion) and Ebitda before special items at approximately DKK250 million (previously: DKK200 million-DKK300 million including the deferred milestone payment).
  
The simplification of the production and business structures is expected to entail full-year restructuring costs of approximately DKK20 million, DKK7 million of which have already been recognised. Read more.

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