MedWatch

Leo Pharma failed on the top line yet succeeded on profit in 2020

Leo Pharma's 2020 revenue did not quite reach DKK 11bn, but CEO Catherine Mazzacco notes that the firm has managed well in a Covid-19-impacted market. Now she looks forward to an eventful launch year.

Photo: Leo Pharma / PR

Like for many other companies, the coronavirus pandemic has had a heavy impact on Leo Pharma, and this is the primary factor in the company's having missed its 2020 revenue guidance.

Thus, the firm's annual report, released on Tuesday, indicates that the company had to settle for DKK 10.1bn (USD 1.6bn) in revenue, rather than the forecast DKK 11-11.4bn.

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