From the final results:30 Apr 2019 14:11
I am expecting good numbers, is the update tomorrow or Thursday please?
Full Year 2018 Financial Highlights
· Net revenue of $1,005m, a decrease of 8% versus prior year (-9% at constant exchange). U.S. market growth was more than offset by U.S. SUBOXONE® Film share loss, targeted rebating and mix impact from growth in government channels (Medicaid).
· Operating profit was $292m (FY 2017: $193m). On an adjusted basis, FY 2018 operating profit was $332m, a decrease of 18% (Adj. FY 2017: $403m). Lower net revenue and higher SUBLOCADE™ and PERSERIS™ launch investments were partially offset by impacts from operating expense reductions.
· Net income was $275m (FY 2017: $58m). On an adjusted basis, FY 2018 net income was $272m +1% (Adj. FY 2017: $270m). Lower adjusted operating profit was more than offset by lower net financing costs and effective tax rate.
· Cash balance at FY 2018 of $924m (+$61m). Net cash of $681m (+$305m). Voluntary repayments of $235m on the Term Loan were made in the period; $243m remains outstanding.