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Viatris: 2021 Is Trough Year For Earnings But Revenues A Trickier Prospect

Company ‘Very, Very Pleased’ With Q1 Financials

 
• By Dean Rudge

Committed to greater transparency following its formation in November, Viatris published first-quarter financial results that met top- and bottom-line expectations. However, the US-based company promised to update the market for meeting revenue projections in 2021.

Businessman draws a statistical trend line
Viatris has “at this point” reaffirmed full-year 2021 guidance • Source: Shutterstock

Viatris “continues to feel strongly that 2021 is our trough year” in terms of profitability but concedes that group revenue is a harder metric to pin down given several uncertainties and challenges, as the combination of Mylan and Pfizer’s Upjohn published its first full quarter of financial results and tentatively reaffirmed full-year 2021 financial guidance.

Adjusted earnings before interest, tax, depreciation and amortization of $1.64bn for the first quarter of the year aligned with “the midpoint of our guidance of $6.2bn,” management said during Viatris’ earnings call, “and we believe that that $6

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