Lundbeck Q3 2019 Financial Results

Costs - Full year figures 61 DKKm 2018 2017 2016 2015 2018 (\%) 2017 (\%) Revenue 18,117 17,234 15,634 14,594 5% 10% Cost of sales 3,456 3,881 4,082 5,395 (11%) (5%) Sales & Distribution costs 5,277 5,649 5,488 6,706 (7%) 3% Administrative expenses 762 833 805 1,160 (9%) 3% R&D costs 3,277 2,705 2,967 8,149 21% (9%) Total costs 12,772 13,068 13,342 21,4101) (2%) (2%) EBIT 5,3012) 4,4082) 2,292 (6,816) 20% 92% Core EBIT 6,158 5,115 3,477 847 20% 47% Cost of sales 19% 23% 26% 37% Sales & Distribution costs 29% 33% 35% 46% Administrative expenses 4% 5% 5% 8% R&D costs 18% 16% 19% 56% EBIT margin 29% 26% 15% (47%) Included are 1) Restructuring costs and impairment of product rights of around DKK 7bn. 2) Includes Other operating items, net Lundbeck

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