Strong 2Q And Fresh UK Investment Signal Few Brexit Blues at GSK

GlaxoSmithKline reported a strong second quarter and along with its core EPS guidance upgrade, this adds momentum to its post-Brexit vote boost.

Andrew Witty (GSK)
Sir Andrew Witty, CEO • Source: GSK

GlaxoSmithKline delivered Q2 sales of £6.5bn (3% above expectations) and core EPS of 24.5p (17% above expectations), up 4% on the comparable quarter last year at CER. There was a good performance across the board although the numbers were flattered by currency effects, positive supply issues and phasing of vaccine tenders.

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