Mylan posts double-digit growth in 2012

Company anticipates at least $7 billion in 2013 sales

PITTSBURGH — Mylan had sales of $1.72 billion in fourth-quarter 2012 and $6.8 billion for fiscal year 2012, the generic drug maker said.

Those figures compared with $1.53 billion in fourth-quarter 2011 and $6.13 billion for fiscal year 2011.

The latest sales figures include $1.58 billion in generics sales and $155.1 million in branded drug sales.

"2012 was an outstanding year for Mylan, with top-line growth of 11% and bottom-line growth of 27% versus last year," Mylan CEO Heather Bresch said.

CFO John Sheehan said the company anticipated further double-digit bottom-line growth in 2013, expecting revenues of between $7 billion and $7.4 billion.

"We believe that our ability to continue to generate consistent growth underscores the power of our global platform," Sheehan said.

 

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