"Probably one of the worse things to happen on the Danish stock market in the past 20 years"
Lundbeck’s CEO Kåre Schultz opened up this week about the years leading up to him taking the reins at Lundbeck and also about his ambitions for the company where he plans to bet on succeeding in the world’s three largest markets.
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BY STEFAN SINGH KAILAY
Declining revenue and a bottom line under severe pressure. This is the reality which Kåre Schultz faced last year when he took the reins at Lundbeck. From 2011 to 2014, the revenue had declined by 15.8 percent and the bottom line, which had shown a profit of USD 2.28 billion in 2011, was in the red three years later.
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