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Indivior Expects FY24 Net Revenue of $1.24B-$1.33B Vs $1.16B Est

Author: Benzinga Newsdesk | February 22, 2024 03:23am

FY 2024 Guidance

The Group is introducing the below guidance for FY 2024 which reflects top line growth of 18% and adjusted operating margin expansion of approximately 300 basis points (at the midpoint) versus FY 2023.

Guidance assumes no material change in exchange rates for key currencies compared with FY 2023 average rates, notably USD/GBP and USD/EUR.

 

FY 2024

Net Revenue (NR)1

$1,240m to $1,330m

 (+18% at midpoint vs. FY 2023)

SUBLOCADE NR

$820m to $880m

 (+35% at midpoint vs. FY 2023)

OPVEE® NR

$15m to $25m1

PERSERIS NR

$55m to $65m

 (+43% at midpoint vs. FY 2023)

SUBOXONE Film Market Share

Assumes historic rate of share decline in FY 2024 of 1 to 2 percentage points and the potential impact from a fourth buprenorphine/naloxone sublingual film generic in the U.S. market

Adjusted Gross Margin

Low to mid-80s range

Adjusted SG&A

($575m) to ($590m)

R&D

($120m) to ($130m)

Adjusted Operating Profit

$330m to $380m

Posted In: INDV

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