Actelion's 2008 revenues in line but misses profit forecasts
This article was originally published in Scrip
Executive Summary
Actelion's net revenues grew by 20% in local currencies to CHF1.47 billion in 2008, ahead of its estimates of 16-19% growth (Scrip Online, October 21st, 2008). Growth of 12% in the reporting currency was also above consensus, but the company missed its profit forecasts.