Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
UCB on track: Strong Financials Exceeding Outlook
Major Steps Forward in R&D
Solid revenue of EUR3.6 billion with net sales of EUR3.2 billion,
were driven by outstanding Keppra® sales of more than EUR1
billion,
Xyzal® sales growing to EUR168 million, excellent performance of
Neupro® with sales of EUR52 million, supported by successful US
launch.
Underlying profitability, recurring EBITDA, of EUR741 million was
supported by successful integration of Schwarz Pharma with EUR166
million synergies realised in 2007.
Net profit reached EUR160 million, reflecting the acquisition
related
financial expenses, in addition to substantial restructuring
expenses
as well as additional investments for the launch of new products.
In 2007 UCB achieved three regulatory approvals and new product
filings for four indications.
Brussels (BELGIUM), 29 February 2008 at 7:00 AM CET - UCB today
announces its consolidated full year 2007 financial results.
Roch Doliveux, CEO of UCB, comments: "2007 was an important year
for
UCB - especially with two new product launches in the USA, four
regulatory filings in the USA and the EU. We achieved an
impressive
amount of R&D milestones, although we did not meet all our R&D
goals.
I am particularly proud that more and more patients with severe
diseases, especially with epilepsy and movement disorders, benefit
from UCB's medicines. I am also pleased by the underlying positive
financial performance, which is in line with previous years' all
time
high performance and supported by our successful integration."
Further information
Antje Witte
Vice-President Corporate Communications & Investor Relations, UCB
Group
T +32.2.559.9414
Antje.witte@ucb-group.com
Mareike Mohr
Associate Director Investor Relations, UCB Group
T +32.2.559.9264
Mareike.mohr@ucb-group.com
The full press release and the Operating and Financial Review can
be
downloaded from the following links: