Following a multi-year restructuring programme, H. Lundbeck A/S delivered a gross profit margin of 29.3% in 2018, along with higher revenue and an increase in operating profit. Deborah Dunsire, who became chief executive on 1 September 2018, said the outcome was the company’s “best financial result ever.”
Group revenue was DKK 18.1 billion (€2.4 billion), up by 5% from a year earlier while operating profit was DKK 5.3 billion, up by 20%. The gross operating margin of 29.3% compares with a margin of 25.6% the year before and is above the company’s long-term target of 25%.