H. Lundbeck A/S: Pro-Cyclical Buy Signal From Breakout Above Resistance Line!
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On May 14, H. Lundbeck A/S Navne-Aktier B (i.) drew attention with better than expected Q1 results and an upward revision of its forecast. For the first quarter, a revenue growth of 24% at constant exchange rates (CER) was reported, amounting to DKK 6.235 billion, which corresponds to an increase of 16% (CER) compared to the previous year. Adjusted EBITDA rose by 24% to DKK 2.173 billion, resulting in a margin of 34.9%. EPS also saw an increase of 15%, reaching DKK 1.15. Meanwhile, experts had only anticipated revenue of approximately DKK 5.793...
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