ALK's Q1 better than predicted on top and bottom line

Allergy firm ALK upgrades its financial outlook for the rest of the year following a first quarter that exceeded expectations.

Photo: ALK / PR

Danish pharmaceutical company ALK managed to do better than predicted in the first three months of the year measured by income as well as revenue.

The firm, which produces allergy medications, had a DKK 1.021bn (USD 165.0m) revenue in January, February and March put together, up against DKK 956m in the same period last year. Analysts had predicted sales amounting to DKK 1bn, according to estimates collected by ALK.

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