recordati spa (REC:BrsaItaliana)
recordati spa (REC) Snapshot
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Open
€8.00
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Previous Close
€8.04
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Day High
€8.19
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Day Low
€8.00
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52 Week High
05/15/13 - €8.20
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52 Week Low
06/6/12 - €5.17
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Market Cap
1.7B
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Average Volume 10 Days
336.4K
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EPS TTM
€0.61
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Shares Outstanding
209.1M
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EX-Date
04/22/13
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P/E TM
13.4x
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Dividend
€0.30
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Dividend Yield
3.67%
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Related News
recordati spa (REC) Related Businessweek News
No Related Businessweek News Foundrecordati spa (REC) Details
Recordati S.p.A., together with its subsidiaries, engages in the research, development, manufacture, marketing, and sale of pharmaceuticals. It offers pharmaceuticals in various therapeutic areas, including antibiotics and antivirals, cardiovascular, central nervous system, dermatological, gastroenterology, genito-urinary system, muscolo-skeletal disorders and pain therapy, and obstetics and gynaecology; and non-prescription pharmaceuticals. The company’s flagship product is ZANIDIP (lercanidipine), a calcium-channel blocker for the treatment of hypertension. Its products also include Zanipress/Zanitek, a combination of lercanidipine and enalapril for the treatment of hypertension; Carbaglu, which is approved in the European Union and is under Phase III clinical trials in the United States for the treatment of organic acidemias; REC 0482 for the treatment of benign prostatic hyperplasia, which is under Phase III clinical trials; and Lercanidipine/enalapril fixed combination, which is in pre-registration stage for the treatment of essential hypertension. The company’s products under Phase II clinical trials include Cystadrops for the treatment of ocular cystinosis, and REC 0422 to treat overactive bladder and incontinence; and Phase I clinical trials comprise REC 1819 for the treatment of overactive bladder and incontinence, and REC 0438 to treat overactive bladder in patients with spinal lesions. In addition, it produces pharmaceutical chemicals, such as active ingredients and intermediates for the generic drugs market. Recordati S.p.A has operations in Europe, Australasia, Africa, and the United States. The company was founded in 1926 and is headquartered in Milan, Italy. Recordati S.p.A. is a subsidiary of Fimei S.p.A.
recordati spa (REC) Key Developments
Recordati SpA, Q1 2013 Earnings Call, May 09, 2013
Recordati SpA is on the U.S. private bond market with a $100 million deal. It plans to use the proceeds to refinance debt and for general corporate purposes. Deutsche Bank and Banca IMI are co-agents, with Deutsche handling the marketing. Bids are due April 23. Recordati has not issued on the private bond market since 2004. In September of that year, it printed a multi-currency senior note deal equivalent to $100 million, with Barclays Capital as its agent. While Italian issuers have managed to price private bonds at the rate of only one or two a year for more than five years now.
The Board of Directors of the Recordati SpA will propose to the shareholders a dividend of EUR 0.10 per share, in full balance of the interim 2012 dividend of EUR 0.20, to be paid to all shares outstanding at ex-dividend date, excluding those in treasury stock, as from April 25, 2013 and record date on April 24, 2013, with ex-dividend on April 22, 2013. The full 2012 dividend is therefore of EUR 0.30 per share compared to EUR 0.30 per share last year.
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Industry Analysis
REC
Industry Average
| Valuation | REC | Industry Range |
| Price/Earnings | 14.0x |
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| Price/Sales | 1.9x |
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| Price/Book | 2.3x |
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| Price/Cash Flow | 13.8x |
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| TEV/Sales | 1.6x |
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To contact RECORDATI SPA, please visit www.recordati.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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