Annual General Meeting Report


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Lundbeck A/S – Annual General Meeting March 2013 Chairman’s report – Annual General Meeting 2013 On behalf of the Board of Directors of H.. Before we begin this year s general meeting, I would like to present Lundbeck s management team, and I would like to ask the members of the Executive Management to rise: - Ulf Wiinberg, Chief Executive Officer - Anders Götzsche, Executive Vice President and CFO - Anders Gersel Pedersen, Executive Vice President, Research Development I would like to thank the Executive Management for their dedicated efforts and the impressive financial results Lundbeck achieved in 2012.. - Revenue of approximately DKK 14.2 billion ( +6 growth) - Profit from operations (EBIT) of approximately DKK 1.6 billion exclusive of the aforementioned non-recurring expenses ( +87 growth) Our financial forecasts for 2013 are as follows: - Revenue: DKK 14.1-14.7 billion - Profit from operations (EBIT): DKK 1.6-2.1 billion As shown above, Lundbeck will retain solid revenue and earnings in 2013 in spite of significant costs involved in developing and launching new products and continuing a high R D spend..


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