BRIEF-Merus says pound depreciation to marginally impact EBITDA

Mon Jul 4, 2016 7:07am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

July 4 (Reuters) - Merus Labs International Inc :

* Merus announces reduced leverage and provides business update

* Recent depreciation of pound sterling post Brexit vote is expected to impact company's EBITDA by approximately 1 pct

* Sees 2016 adjusted EBITDA, without consideration of additional acquisitions, to be in $47 million to $50 million range

* Integration plans with previously acquired products from Novartis, UCB and Sanofi remain on schedule

* Says less than 10% of merus' total sales are in UK

* Reiterating its 2016 guidance Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)