Orexo Q1 2024 Interim Report

Q1 2024 highlights Q1 2024 highlights Important events after the end of the ­period     CEO Comments in brief: Creating a stable financial platform I am pleased to report a significant improvement in our financial results with an EBITDA increasingSEK 57 millionand amounted toSEK 16 million(-41). In addition to less non-repeating activities, it is driven by efficiency improvements and cost control. Improving our financial results was a cornerstone of successfully...

Q1 2024 highlights

Important events after the end of the ­period

 

 

CEO Comments in brief: Creating a stable financial platform

I am pleased to report a significant improvement in our financial results with an EBITDA increasing SEK 57 million and amounted to SEK 16 million (-41). In addition to less non-repeating activities, it is driven by efficiency improvements and cost control. Improving our financial results was a cornerstone of successfully refinancing our corporate bond in the quarter, and we gained strong interest from investors with close to 100 percent oversubscription. Our R&D projects continue to show progress, although OX124 is likely to require a longer review than the original PDUFA date in July based on recent request for additional documentation. Our ambition remains to launch the product in late 2024 or early 2025.

For the full CEO Comments read the PDF

Contact persons quarterly report
Nikolaj Sørensen, President and CEO, Fredrik Järrsten, EVP and CFO, or Lena Wange,
IR & Communications Director Tel: +46 18 780 88 00, +1 855 982 7658, E-mail: ir@orexo.com. 

Presentation

On May. 8, at 1 pm CET analysts, investors and ­media are invited to attend a presentation, incl. a Q&A.

To attend via teleconference where you can ask questions verbally:
https://conference.financialhearings.com/teleconference/?id=50048736
When registered you will be provided ­phone ­numbers and a conference ID to access the ­conference. 

To attend via webcast:

https://ir.financialhearings.com/orexo-q1-report-2024 

Prior to the call, presentation material will be ­available on the website under Investors/ Reports/Audiocasts.

This information is information that Orexo AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above at 8 am CET on May 8, 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/orexo/r/orexo-q1-2024-interim-report,c3975281

The following files are available for download:

 

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