Seeking Alpha

Ipsen raises guidance after 1H results

  • Ipsen (OTCPK:IPSEY) 1H results (€): Revenues: 638.7M (+0.8%); Operating Expenses: 355.0M (-3.8%); Operating Income: 162.0M (+12.5%); Net Income: 104.5M (+8.3%); EPS: 1.26 (+9.6%); Quick Assets: 132.0M (+0.6%); CF Ops: 54.7M (+0.4%).
  • 2014 Guidance: Specialty Care sales growth: 6 - 8% from 4 - 6%; Primary Care sales growth: (1%) - 1% from (2%) - 0%; recurring adjusted operating income margin: 17 - 18% from 16 - 17%; core operating income margin: 19 - 20% from 18 - 19%.
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