Stada sees slight increase in 2016 adjusted profit

February 29, 2016 12:40 PM

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FRANKFURT Feb 29 German generic drugmaker Stada raised the prospect of a slight increase in adjusted profit this year after 2015 adjusted core earnings fell 10 percent as the low rouble weighed on the value of its sales in Russia.

Adjusted 2015 earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 10 percent to 389.4 million euros ($424 million), Stada said in a statement on Monday, citing preliminary results.

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