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Mylan Reports a 13% Increase in Second Quarter 2013 Adjusted Diluted EPS to $0.68
Date:8/1/2013

ed June 30, 2013, Mylan reported total revenues of $3.33 billion compared to $3.27 billion in the comparable prior year period, an increase of $61.7 million or 1.9%. The effect of foreign currency translation had an unfavorable impact of approximately 1% on total revenues primarily reflecting a stronger U.S. Dollar in comparison to the currencies of the other major markets in which Mylan operates. Translating total revenues for the current quarter at prior year comparative period exchange rates would have resulted in year-over-year growth of approximately $106 million, or 3%.

Third party net revenues from Mylan's Generics segment were $2.86 billion in the six months ended June 30, 2013, compared to $2.87 billion in the comparable prior year period, representing a decrease of $15.2 million, or an increase of approximately 1% when excluding the unfavorable effect of foreign currency translation.

Third party net revenues from North America were $1.45 billion for the six months ended June 30, 2013, compared to $1.61 billion for the comparable prior year period, representing a decrease of $154.6 million, or 9.6%. The decrease in third party net revenues was due to a greater amount of revenue from new product launches in the prior year ($430 million) as compared to the current year ($177 million), which was due principally to the launch of Escitalopram, our most significant product launch in the prior year. Excluding the impact of Escitalopram in both periods, third party net revenues in North America would have experienced high single-digit growth. The effect of foreign currency translation was insignificant within North America.

Third party net revenues from EMEA were $745.3 million for the six months ended June 30, 2013, compared to $662.3 million for the comparable prior year period, representing an increase of $83.1 million, or 12.5%. Foreign currency translation had a minimal impact on sales for the six months ended June 30
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SOURCE Mylan Inc.
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