Generic competition hits Lundbeck’s 2019 result

Country

Denmark

H. Lundbeck A/S saw revenue decline in 2019 as generic competition took sales away from Onfi, its legacy treatment for Lennox-Gastaut syndrome. However, four of the company’s newer products generated sales of DKK 9.4 billion, or just over half of group revenue for the year. Total group revenue was DKK 17 billion (€2.28 billion), down by 6% from a year earlier. Profit before tax was DKK 3.5 billion, down by 34%. Driving the profit lower were amortisations of DKK 854 million and acquisition and integration costs of DKK 514 million.